Breaking News
  • It’s official: Trump nominates Mark Calabria to lead FHFA

    Late Tuesday night, President Donald Trump announced his choice to lead the Federal Housing Finance Agency – Mark Calabria. Calabria’s nomination must still be approved by the Senate, but with his extensive background in housing, and a Republican majority in the Senate, that isn’t expected to be a problem. Click the headline to read more.

Valuations

Real estate property values, appraisals and AVMs. National, state, and local shifts in HPIs.

ARTICLES

  • Monday Morning Cup of Coffee: Appraisers may not get paid as CoesterVMS runs out of money

    Housing industry responds to Kraninger’s Senate confirmation to lead CFPB
    Sources continue to inform HousingWire of new information regarding CoesterVMS as it appears it may be running out of money and leaving some appraisers unpaid. Plus, find out what the housing industry thinks of the new director of the Consumer Financial Protection Bureau.
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  • Class Appraisal changes name to Class Valuation

    AMC rebrands to become full-service collateral valuation provider
    Class Appraisal, a Michigan-based appraisal management company, has announced that it's changing its name to Class Valuation to better describe its expanded focus. The company said its services will now include "new and disruptive" collateral valuation products, a move it is making to keep up with technological advancements impacting the space.
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  • OCC seeks public comment on raising appraisal exemption threshold

    Would be first increase since 1994
    The three federal banking agencies announced they are seeking public comment on a recent proposal to raise the threshold for residential real estate transactions that require an appraisal. All three agencies have approved the proposal and comments will be accepted until 60 days after publication in the Federal Register.
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  • From HW Magazine

    2018 HW Vanguard: Olumide Soroye

    CoreLogic managing director of property intelligence and risk management
    Olumide Soroye is a champion of innovation, dedicating his efforts to bettering the housing market with the implementation of data and technology.
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  • From HW Magazine

    2018 HW Vanguard: John Frass

    Class Valuation president
    Since John Fraas took the helm of Class Valuation as president just over a year ago, the company has seen tremendous growth all while maintaining a positive work environment.
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  • FHA automates reverse mortgage second-appraisal process

    Lenders will now get an immediate response
    The FHA fully automated the second-appraisal process for HECM lenders on Friday, a move it had promised would come by December 1st. Now, lenders will receive an immediate, automatic response on whether or not a second appraisal will be required before the loan can proceed, curbing some concerns about how much time a second appraisal would add to the loan process.
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  • Former head of FHA and MBA David Stevens blasts reverse mortgages

    Suggests fixes to curtail "outrageous profits" and "predatory sales approach"
    David Stevens isn’t a fan of reverse mortgages, and he’s not afraid to say it. The former FHA commissioner and recently retired president and CEO of the MBA posted a comment about HECMs on LinkedIn that got people talking. "Brian Montgomery is trying to fix the abuse," he said, "but the product is the one that kept me awake at night when I was there." We reached out to Stevens to talk more about his issues with the program and his suggestions for fixing them.
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  • FHFA: Home prices are slowly increasing

    Rise 6.3% from Q3 2017
    Home prices moderately increased in the third quarter of 2018, rising only 1.3% month over month but still up 6.3% from the same quarter last year. FHFA Supervisory Economist William Doerner said rising mortgage rates have cooled down housing markets.
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