- Regulatory and Compliance Update with Shawn Telford and Neil Olson
- AppraisalPort Weekly Poll Analysis
- Regulatory Update Webinar Available for Viewing
- Proposed Federal Regulation of Appraisal Management Companies (Minimum Requirements for AMCs)
- News from the Appraisal Institute Northern California Chapter Annual Spring Conference
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Monthly Archives: March 2011
“Skin in the Game” rules:
Firms who want to package loans and other assets into securities will now how have to retain 5% of the credit risk if today’s SEC draft proposal holds. According to today’s Wall Street Journal, the SEC added its draft proposal today to those of the Federal Reserve and Federal Deposit Insurance Corporation issued earlier this week. In a move that they hope will lead… Continue reading
At FNC, knowing the industry—past, present, and future—is our business. But we also know that one of the best sources of insight comes from the people in the industry. So we thought it’d be a good idea to open up the floor for feedback, ideas, questions or even a good old fashioned one-on-one challenge.
We want to hear from you. Do you have thoughts or concerns about the state of… Continue reading
“We’re going to see how we can be part of the solution,” says Keith Cockrell, marketing president for Bank of America. Today B of A announced that it will donate 10 homes to relocating Detroit police officers, open two service centers and demolish abandoned buildings in the city, reports The Detroit Free Press.
Photo credit: Business Insider via MGM
Over at Business Insider, Michael Snyder shares 27 Depressing Facts About the Housing Crash that Never Seems to End.
How long do you think the doom and gloom will last?… Continue reading
Last week, I read a blog post from Dave Kansas at the Wall Street Journal that revealed building permits fell to the lowest level in more than 40 years of record-keeping.
Homebuilders Skid After Brutal Housing Starts Data
By Dave Kansas
March 16, 2011
Photo credit: blogs.wsj.com
Not making so many of ‘em last month.
That homebuilder rally didn’t last long.
Yesterday… Continue reading
The FNC Residential Price Index (RPI) – the industry’s first hedonic price index built on a comprehensive database combining public records and real-time appraisals – indicates that home prices continue to weaken in 2011, reflecting weak demand and significant downward pressure from the rising share of distressed sales. Based on the latest data on non-distressed home sales (existing and new homes), the FNC National Residential Price Index shows that… Continue reading
FNC, Inc. released statistics this week pinpointing 2008 and 2009 as the years that saw the worst housing market distress, with more than 25% of foreclosed properties liquidated at more than a 40% discount.
Bob Dorsey, FNC’s Chief Data and Analytics Officer, discussed these findings on Fox Business News with Brian Sullivan yesterday: