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Recent Posts
- A Discussion: The Relationship Between Unemployment and Homeownership
- AppraisalPort Weekly Poll Analysis: Property Data
- Appraisal Institute Northern CA Chapter Annual Spring Conference
- VIDEO: FNC’s Bill Rayburn and Bob Dorsey discuss how a Cyprus bailout would affect the United States
- AppraisalPort Poll Analysis – Source of Work
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Author Archives: Steve Costello
AppraisalPort Weekly Poll Analysis: Property Data
This month, I want to first discuss a couple of AppraisalPort polls dealing with property data. First we asked, “How would you feel about your client sending you detailed information about the subject property and possible comps as part of the assignment?”
We had 5,224 responses and almost as many emails. This one really seemed… Continue reading
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Appraisal Institute Northern CA Chapter Annual Spring Conference
On the last Monday in March in Modesto, CA, I attended the Annual Spring Conference of the Appraisal Institute’s Northern California Chapter. This month, I want to share some very useful information from one of the presentations that concerned both the national and California markets.
The presentation was given by Mr. Loren Gonella, who runs Coldwell Banker Gonella Realty in Merced, CA. I was impressed with Gonella’s extensive… Continue reading
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AppraisalPort Poll Analysis – Source of Work
As we all know, the housing market has been going through some major changes over the past years. As the market changes, so does the source of many appraisal assignments. This month we ran some polls to see how much work is generated from both refinance activity and foreclosure activity. The first poll asked, “How much of your work comes from refinance activity?” and received a total of 5,404… Continue reading
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Final Rules Issued by the Consumer Financial Protection Bureau: Part Two
The second final rule that the CFPB will implement is referred to as “Disclosure and Delivery Requirements for Copies of Appraisals and Other Written Valuations” and amends Regulation B (Equal Credit Opportunity Act). In general, this new rule amends the current Regulation B rules about providing appraisals to applicants/borrowers as required by the Dodd-Frank Act. This revision to Regulation… Continue reading
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Final Rules Issued by the Consumer Financial Protection Bureau: Part One
By now I’m sure you are all familiar with the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 — a large sweeping law covering many aspects of consumer lending and finance. Part of this new law mandated the creation of the Consumer Financial Protection Bureau (CFPB). It took some time to get this bureau set up and fully functional, but in January 2012, President Obama appointed Rich Cordray… Continue reading
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2013 Housing Market Forecast
In past AppraisalPort newsletters, I have referenced information from the Real Estate Research Council of Southern California. The council is a longstanding nonprofit organization consisting of members who share an interest in real estate information (lenders, appraisers, brokers, reporters, public utilities, and others). Since the 1960s, the council has been collecting extensive information that is compiled into a quarterly report about the market in the seven major Southern California… Continue reading
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What will the appraisal of the future look like? Valuation Expo 2012 Recap
At Valuation Expo in San Antonio, Texas, Nov. 8-10, 2012, I had the opportunity to talk with appraisers from all over the country. I am glad to hear that most are very busy. In addition to the appraisal software and data vendors, many of the representatives in the exhibit hall were from AMCs seeking appraisers for their panels. If you were an appraiser looking for more work, this was a… Continue reading
Possible USPAP Changes
The Uniform Standards of Professional Appraisal Practice (USPAP) is always a work in progress. If you haven’t heard, the Appraisal Standards Board (ASB) is hard at work considering potential changes for the 2014 –’15 edition. On Aug. 15, 2012, the Board released a second exposure draft covering these proposed changes. The ASB’s work plan for the 2014-’15 edition of USPAP includes reviewing and revising as needed the following areas… Continue reading
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The end of suburban housing?
Research from SCAG, the Southern California Association of Governments, indicates that the U.S. is experiencing a shift in the way many Americans will want to live in the future. A large aging population coupled with a younger generation that has developed a different set of values where housing is concerned is a major force driving this change. It is predicted that both of these groups are going to prefer living… Continue reading
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Recap: Effective Collateral Risk Management Panel at AI National Conference
Last month I mentioned that I attended the Appraisal Institute’s national conference in San Diego on Aug. 1-3. This month I will cover some interesting highlights from the panel discussion on Effective Collateral Risk Management. The panel moderator was Leland Trice, Principal, The Trice Group. The panel consisted of Danny Wiley, VP, Staff Appraiser Manager, LSI; Rick Foos, President, Foos & Associates; Ernie Durbin, Director of Valuation Technologies, Valuation Vision… Continue reading
Posted in Appraisal Institute, Appraising
Tagged AMCs, Appraisal Institute, Flagstar Bank, valuation
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