Buzz Feed

Standards on AD&C Loans Ease, Interest Rates Expected to Rise

By Michael Neal Builders and developers responding to NAHB’s AD&C Financing Survey continue to report easing credit conditions for acquisition, development, and single-family construction loans, over the first quarter of 2018, but the pace of easing slowed. At the same time, the majority of survey respondents indicated that the typical loan they obtained in the first quarter of 2018 was …

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"Hybrid Appraisals" - Speaking about the Liability Risk to Appraisers and Others at Appraisal Foundation Joint Council Meeting

By Peter C “Hybrid appraisals” — which provide a desktop value opinion from a licensed/certified appraiser relying on a physical inspection of the property by a third party such as an agent or inspector — are being marketed by AMCs and technology companies as a big part of the future of residential real estate valuation.  Examples of these products include …

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Are Commercial Appraisers Entitled to Overtime? A Pending Class Action Filed Against a Bank Might Answer that Question

By Peter C Overtime class actions by residential real estate appraisers have ravaged large appraisal firms and management companies for the last six years. While there were a few earlier cases, the first signs that overtime litigation under the federal Fair Labor Standards Act (FLSA) would become a widespread problem for appraisal firms and AMCs came in 2012, as appraisers …

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Banks See Weaker Demand for Business and CRE Loans

By Michael Neal The Federal Reserve Board’s Senior Loan Officer Opinion Survey showed that lending standards on Commercial and Industrial (C&I) loans eased over the first quarter of 2018. At the same time, lending standards on commercial real estate (CRE) loans tightened, but at a slower pace than last quarter. Importantly a net share of banks noted that demand for …

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Core Inflation Slows in April

By Michael Neal Following a decline in March, the Bureau of Labor Statistics reported that consumer prices rose by 0.2 percent over the month of April, largely reflecting energy and food prices as well as shelter prices. Excluding energy and food prices, “core” inflation decelerated from 0.2 percent to 0.1 percent as shelter prices, which represent the largest share of …

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It Could Be Worse

By The Appraiser Coach I want to talk to you today about something that’s been in my thoughts recently – a question of our mindset as appraisers, if you will – that was brought on … Read More Via:: It Could Be Worse       

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Owner Perception of Home Values at Best Level in More Than Three Years

By QLAdmin • Quicken Loans’ National HPPI shows appraised values 0.33% lower than homeowners estimated in April • Home values dipped 0.05% nationally in April, but posted a 6.47% year-over-year increase, according to the Quicken Loans HVI DETROIT, May 8, 2018 – Home appraisals are more likely be in line with, or even higher than, owners estimate. In April, appraised …

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