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GSEs Seek Input on Duty to Serve Plans

Appraisal Buzz

Additional initiatives that Freddie Mac noted included the financing of more than 46,000 manufactured homes titled as real property from 2018-2023, providing more than $6.7 The rural housing market includes an estimated 82 million people nationwide, or 25% of the U.S. population.

Finance 390
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Appraisal bill would combat legacy of redlining

Housing Wire

“However, we must not lose sight that structural biases within the broader marketplace and among all stakeholders within real estate and lending continue to play significant roles that impact the realities of the real property market.”. A 2018 study from the Brookings Institute found that in the average U.S.

Appraisal 397
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Remote online notarization is the proper path forward for digital closings

Housing Wire

At the county level, the Uniform Law Commission in 2004 promulgated the Uniform Real Property Electronic Recording Act (URPERA), representing a model statutory framework to provide county clerks and recorders the authority to accept electronic recording of real property instruments. To date, 37 states and U.S.

Law 468
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How should appraisers approach short-term rentals?

DataMaster

In 2018, the GSEs changed policy to allow hosts of Airbnb, VRBO, Vacasa… etc. However, the GSEs did not make a parallel change to the property qualification side of the lending decision. The purchase of real property for the purpose of investment is not new.

Appraisal 148
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How to Become a Supervisory Appraiser

McKissock

Steps to become a supervisory appraiser Step 1: Meet the requirements Make sure you meet the minimum supervisory appraiser requirements outlined in The Appraisal Foundation’s Real Property Appraiser Qualification Criteria as well as any additional state requirements that may apply.

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How to Become a Certified General Appraiser

McKissock

As of December 31, 2018, only 42% of the 78,000 state-credentialed appraisers in the United States are certified general appraisers, also known as commercial appraisers. Are you growing tired of appraising simple properties? Bachelor’s degree or higher (in any field). Must be from an accredited college or university.

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Q&A: Is It Time to Take On an Appraisal Trainee?

McKissock

In 2018, the Appraiser Qualifications Board (AQB) changed its Real Property Appraiser Qualifications Criteria. Editor’s note: This post was originally published on February 6, 2018. A: It’s hard to attract new people to the profession, and it’s especially hard to attract young people just out of college.