Consistent with the directives of the Dodd-Frank Wall Street Reform and Consumer Protect Act, the Federal Reserve (Fed) has issued an Interim Final Rule (Rule). This Rule contains provisions of fundamental importance to residential appraisers. The Rule’s provisions will affect the conduct and practice of residential appraisals: appraisers need to understand this Rule and provide comments quickly, given the small window (December 28, 2010). [Read more…] about Wake up call – Interim final rule on real estate appraisals
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Market analysis improvement in all areas of appraisal practice
I recently had the opportunity to participate in a very valuable discussion about market analysis on the MBREA email forum. This forum works exceedingly well because what is posted is carefully considered and participants don’t just use the forum to strut their stuff or blow off steam, as is the case in many others. [Read more…] about Market analysis improvement in all areas of appraisal practice
Appraisals are just an opinion? This opinion will come back and haunt you
Many residential appraisers are in full crying mode about nearly everything. No reason to be overly sympathetic. While the current crisis hasn’t put bad appraisals into the spotlight yet – there are plenty of other bad actors sharing the glare currently – there is plenty of blame for appraisers who were complicit in some way in aiding and abetting the abuses that led to our historic housing collapse. [Read more…] about Appraisals are just an opinion? This opinion will come back and haunt you
Pastuszek of Shepherd Associates gives pointers that have helped to get through good and bad times
My history is not terribly unusual. But it has influenced me strongly. [Read more…] about Pastuszek of Shepherd Associates gives pointers that have helped to get through good and bad times
Darkest at Dawn… Those with experience and staying power will emerge out of the ashes
Appraisals are at the core of most financing related transactions. Much is said about the accuracy of appraisals, the pressure brought to bear on appraisers, and cures put into place to remedy abuses and deficiencies in the appraisal industry. [Read more…] about Darkest at Dawn… Those with experience and staying power will emerge out of the ashes
Dodd-Frank Financial Reform Bill – How it has implications for appraisers
The Dodd-Frank Wall Street Reform and Consumer Protect Act is now law. This wide ranging legislation, spawned out of the fires of the Great Financial Meltdown, intends to change the financial landscape beyond recognition. [Read more…] about Dodd-Frank Financial Reform Bill – How it has implications for appraisers