23rd October 2013

Man Predicting Housing Bubble Awarded Nobel Prize, expressed concerns about the potential for a new housing bubble.

Man Predicting Housing Bubble Awarded Nobel Prize – Repost from Appraiser News Online

Yale University professor Robert Shiller, along with University of Chicago professors Eugene Fama and Lars Peter Hansen, was awarded the Nobel Prize for economics on Oct. 14; Shiller for developing new methods of studying asset market trends with a focus on housing, HousingWire reported.

The Standard & Poor’s Case-Shiller Home Price Indices have become the benchmark by which U.S. single-family home price trajectory is measured.

…continue reading the rest of this post: Man Predicting Housing Bubble Awarded Nobel Prize, expressed concerns about the potential for a new housing bubble.

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23rd October 2013

GSEs Still Finding Problems with Home Appraisals

Re-posted from Appraisal Institute

Three years after the creation of a database seeking to standardize the home appraisal process, Fannie Mae and Freddie Mac continue to see major issues in numerous appraisals submitted by mortgage lenders, American Banker reported Sept. 12.

Fannie Mae conducted a sampling of appraisals and determined that 17.6 percent contained contradictory information, typically pertaining to the condition or quality of the property, Robert Murphy, the GSE’s director of collateral and single-family risk policy, told a Phoenix conference of risk managers. He added that those two factors are the most important in determining a property’s value.

…continue reading the rest of this post: GSEs Still Finding Problems with Home Appraisals

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23rd October 2013

Residential UAD Review – The Right Way

Where: San Diego, CA
When: October 25, 2013

Click Here to Register / Seats are limited, so please sign up in the next 48 hours.

YOUR INSTRUCTOR: As a veteran field appraiser and reviewer, Bruce Ford will share the latest UAD changes that will affect your everyday work.

This class is vital to all appraisers using the UAD format, in today’s market. Bruce is a 21 year veteran, FHA Approved appraiser and is a Certified Residential Appraiser in CA. and NV. His prior bank experience was as Staff Appraiser and Reviewer for World Savings and Wachovia. His most recent position was as Senior Review Appraiser for AXIS Appraisal Management Solutions, Inc., located in San Rafael, CA.

DOORS open at Half hour before REGISTRATION

Attendance for entire 4 hrs. is mandatory in order to receive BREA / OREA credit

Have questions about “Residential UAD Review – The Right Way” – 4 hr. CE Class in Petaluma, CA?

Contact Bruce at NorCal Quality Appraisal / mailto:uadclasspetaluma@yahoo.com

…continue reading the rest of this post: Residential UAD Review – The Right Way

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9th October 2013

Government Shutdown to Impact Thousands of Mortgages

Government Shutdown to Impact Thousands of Mortgages

Now that the shutdown of the U.S. government has entered its second week, it’s expected to slow down mortgage approvals, which could negatively impact housing and economic recovery, Bloomberg reported Oct. 7.

After failing to pass a budget before the end of the fiscal year, Congress forced a partial government shutdown Oct. 2, the first in 17 years. The shutdown resulted in the furlough of around 800,000 government employees.

…continue reading the rest of this post: Government Shutdown to Impact Thousands of Mortgages

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8th October 2013

Does Satan worship lower a Las Vegas mansion’s value?

The mansion’s owner gets an answer from real estate appraiser Randall Bell, who has carved out a singular niche determining the worth of stigmatized properties.
By Andrew Khouri
Reporting from Las Vegas

October 8, 2013

They came to the Las Vegas mansion in waves, chasing tales of ghosts and murder. Some came to gawk or snap photos in front of its black metal gate. Others came to worship Satan. Thrill seekers broke in and drew pentagrams and carved upside-down crosses throughout the house.

…continue reading the rest of this post: Does Satan worship lower a Las Vegas mansion’s value?

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1st October 2013

LRES Announces Results of Internal Vendor Partner Survey

LRES Announces Results of Internal Vendor Partner Survey
Illustrates strong working relationships with appraisers

Repost from: http://www.fortmilltimes.com/2013/09/30/2992686/lres-announces-results-of-internal.html

ORANGE COUNTY, Calif. —

LRES, a national provider of commercial and residential valuations and asset management for the mortgage, banking, credit union and real estate industries, announced the successful completion of an internal survey of its appraiser panel to measure the temperature of the company’s relationship with its panel and to determine its appraisers’ most pressing concerns. By assessing comments among its appraiser network, LRES was able to evaluate its vendor partners’ overall experience working with LRES.

…continue reading the rest of this post: LRES Announces Results of Internal Vendor Partner Survey

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