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Is valuation fraud a problem? Depends on how you look at it

How you view the state of property valuation fraud in the U.S. probably depends on if you’re a glass-half-full or a glass-half-empty kind of person. Keep reading to see why a new study gives reason for both concern and optimism regarding the valuation of America’s housing stock. Via:: Is valuation fraud a problem? Depends on how you look at it …

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AI urges homeowners to consult appraisers during property tax appeals

The Appraisal Institute offered suggestions May 5 to help homeowners make the appeals process easier regarding their local property tax bills. The announcement comes at a time when many U.S. homeowners are beginning to receive their tax bills. Keep reading to see why AI said hiring independent appraisers is a smart move for homeowners. Via:: AI urges homeowners to consult …

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Nomura Found Liable For Selling Toxic Mortgage-Backed Securities to GSEs

By Brian Honea The nearly two-month long court battle between the Federal Housing Finance Agency (FHFA) and Nomura Holdings came to an end Monday when a federal judge found the bank liable for selling shoddy mortgages to Fannie Mae and Freddie Mac prior to the 2008 financial crisis. The post Nomura Found Liable For Selling Toxic Mortgage-Backed Securities to GSEs …

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DOJ, Treasury, and New York Fed Receive Subpoenas from House Committee

By Brian Honea The House Financial Services Committee has issued subpoenas to two federal government agencies and a branch of the central bank requesting information and documents regarding the government’s “too big to fail” designation and the Obama Administration’s debt ceiling, according to an announcement Monday on the Committee’s website. The post DOJ, Treasury, and New York Fed Receive Subpoenas …

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SBA changes appraisal policies for certain properties

The Small Business Administration announced several changes to its appraisal policies May 4. Among the changes, the SBA has altered its appraisal policy for change of ownership transactions involving special purpose properties, which include businesses such as car washes, hotels, gas stations with or without a convenience store, golf courses, medical facilities and bowling alleys. Keep reading for the changes. …

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Leading appraisal software company bought

A leading software company started in an effort to “protect appraisers from the income-robbing effects of the HVCC and its aftermath” just announced it has been bought out. Keep reading to see the companies involved and what the acquisition means for the industry. Via:: Leading appraisal software company bought       

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Desktop product promoted as alternative to full appraisals

A provider of real estate appraisal, title and compliance services announced the launch of its new desktop appraisal product. The product is designed to offer a less expensive alternative to traditional home appraisals. Continue reading for product details. Via:: Desktop product promoted as alternative to full appraisals       

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