Uncategorized Archive

Appraisal Standards Board Meeting, October 18, 2013

The next public meeting of the Appraisal Standards Board will be held on Friday, October 18, 2013 from 9:00am to 12:00pm in Washington, DC. Location: Doubletree by Hilton 1515 Rhode Island Avenue, NW Washington, DC 20005 On July 19,...
August 22, 2013

Free Market, Liability, and Greening an MLS

In the world of residential valuation, a green-built, energy-efficient, or high-performance new home or retrofit is essentially invisible to the consumer if the MLS doesn’t support green fields (i.e., fields in the MLS data form that enable the listing...
February 7, 2013

Interested in Contributing to NAR’s Appraisal Insight Blog?

The National Association of REALTORS® (NAR) is looking for NAR members who are appraisal/valuation experts to write regularly for the Appraisal Insight Blog, to increase discussion of appraisal /valuation issues.  If you are interested in writing for the blog, please...
December 20, 2012

A Magical Review of NAR’s Annual Meetings

Earlier this month, the National Association of Realtors (NAR) held its Annual Convention in Anaheim, California. While your friends at Appraisal Insight spent a fair amount of time at Space Mountain and mingling with Mickey and friends we also...
November 21, 2011

UAD Goes Into Effect on September 1st for GSEs

In recent days there have been rumors and reports that the implementation of the Uniform Appraisal Dataset (UAD) announced by the government sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, would be delayed. NAR has confirmed that the UAD...
August 26, 2011

FHA Officially Adopts UAR

This week, the Federal Housing Administration (FHA) released Mortgagee Letter 2011-30: The Uniform Appraisal Dataset (UAD) and Appraisal Reporting Forms. The ML states that FHA will adopt UAD and two of the UAD compliant reporting form for all FHA...
August 25, 2011

State AMC Legislation Should Include Language Prohibiting Indemnification

With the passage of Dodd-Frank many states are working to enact legislation that requires appraisal management companies (AMC) to register with the appropriate state regulatory body. While many states have already passed AMC legislation other states are trying to...

Foundation Upholds, Shortens AI Suspension

The Appraisal Foundation today released a statement upholding their suspension of the Appraisal Institute (AI).  However, the length of the suspension was reduced to December 31, 2010.  The suspension was initially to last through April 15, 2011.  The notice...
September 3, 2010

Change–Threat or Opportunity?

CHANGE—THREAT OR OPPORTUNITY? I had the opportunity yesterday to do a webinar for the NAR Appraisal Section, for the RAA and GAA members. The webinar was: “Beyond HVCC”, and for me, it was fun to do because it was...
April 24, 2010

Freddie Mac, Fannie Mae Update HVCC FAQs

The government sponsored enterprises (GSE), Fannie Mae and Freddie Mac, recently updated their Home Valuation Code of Conduct (HVCC) frequently asked questions (FAQ).  Both GSEs state that while there may be some differences with two sets of FAQs in...
March 19, 2010