Miller Samuel

APRIL 27, 2019

Back on April 19th , I wrote about the New York AMC law in my Housing Notes newsletter. After years of AMCs chipping away at the public trust, the New York AMC law was designed to protect the consumer. Here is the NYS "AMC Law" as a PDF or in plain text on the landing page of the law. No, it isn't.

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Appraisal Buzz

DECEMBER 6, 2024

This data underscores the financial viability of manufactured housing, which has historically faced negative perceptions and restrictive zoning laws. The analysis highlights how outdated zoning laws and negative stereotypes continue to hinder the potential of manufactured homes as an affordable option.

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Housing Wire

MARCH 3, 2021

Reacting to headlines pointing to racial bias in some home appraisals, the Appraisal Foundation this week said that it would require all appraisers to take a seven-hour course focused on fair housing laws and bias. The most common questions and issues were then chosen as topics for the test. 31, 2022. . 31, 2022. .”

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Appraisal Buzz

JUNE 11, 2021

The post Are Looser Zoning Laws the Solution to Housing Shortage? The post Are Looser Zoning Laws the Solution to Housing Shortage? appeared first on Appraisal Buzz. appeared first on DSNews.

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Housing Wire

MAY 2, 2024

Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) this week announced a new policy enabling mortgage borrowers to “request a re-assessment of the appraised value of their property if they believe that the appraisal was inaccurate or biased.”

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Appraisal Buzz

FEBRUARY 28, 2022

This is the little-known Law of Amara that describes how we perceive the impact of new technology on our lives. Before we discuss the impact of technology on the future of appraisal data, it’s good to get a historical perspective. Forty years ago, appraisers were storing property data on Property Cards.

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Appraisal Buzz

AUGUST 11, 2021

The post Fred Gooch: A Nationwide RON Law Would Help Reduce Confusion appeared first on Appraisal Buzz. The bill – a previous version of which failed to pass last year – was recently reintroduced in the U.S. Its approval is considered urgent by industry groups including the National Association of.

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Housing Wire

DECEMBER 5, 2024

Department of Housing and Urban Development (HUD), alleging the agency is “unfairly” holding the company accountable for the actions of an independent appraiser in a 2021 case. We cannot affect or influence the appraised value — there has to be independence that goes all the way back to the Dodd-Frank Act. “For

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Housing Wire

FEBRUARY 12, 2024

The Federal Financial Institutions Examination Council (FFIEC) on Monday issued a statement outlining examination principles related to valuation and appraisal discrimination or bias in residential lending. Institutions are required to comply with laws and regulations, including anti-discrimination laws,” the statement read.

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Housing Wire

JULY 15, 2024

Department of Housing and Urban Development (HUD) announced on Monday that it has charged lender Rocket Mortgage , two appraisal companies and one appraiser with allegedly issuing a biased valuation and denying a refinance loan to a Black homeowner in Denver. That was not the practice for appraisals with white owners, HUD stated.

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Appraisal Buzz

OCTOBER 24, 2024

But for nearly 30 years, California has imposed limits on those limits, via a law known as the Costa–Hawkins Rental Housing Act. Gavin Newsom signed a law limiting annual rent increases statewide to 5% plus inflation. The post Seeking a Cap on Rent Hikes appeared first on Appraisal Buzz.

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Appraisal Buzz

FEBRUARY 28, 2025

Consequently, many businesses, including real estate appraisers who operate through LLCs, corporations or other business entities,are now required tocomply with these reporting obligations. What Is the Beneficial Ownership Information Reporting (BOIR)? Itisparticularly usefulfor appraiserswithoutexperience navigating regulatory filings.

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Housing Wire

JULY 11, 2024

The Appraisal Foundation , a private organization that is the de facto regulator of appraisers , has settled with the United States Department of Housing and Urban Development (HUD) over allegations that its qualification program violated the Fair Housing Act. White and 0.6% White and 0.6%

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Housing Wire

DECEMBER 14, 2021

In a blog post, Fannie Mae and Freddie Mac ’s regulator and conservator said it found examples of “overt references to race, ethnicity, and other prohibited bases under federal fair lending laws,” which FHFA said indicate the “continued presence of valuation bias.”.

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Appraisal Buzz

JUNE 26, 2024

A proper home appraisal is essential whether purchasing or selling a property. This appraisal is used by mortgage lenders to calculate the maximum amount they will lend on a property. Many even watch the worth of their own homes, which are produced by these algorithmic appraisal techniques, on well-known real estate websites.

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Appraisal Buzz

DECEMBER 12, 2024

shared housing declined over the past 70 years due to increasingly restrictive zoning laws. Now, states are reversing this trend with laws that foster affordability and new housing models. These laws mirror Oregons 2023 legislation supporting microunits. 1042, a 2023 law permitting office-to-residential conversions statewide.

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Appraisal Buzz

JANUARY 6, 2025

Every year, millions of people experience eviction, either through official court procedures or through evictions that take place outside of the law. The post HUD Grants Millions to Help End Homelessness, Prevent Evictions appeared first on Appraisal Buzz.

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Appraisal Buzz

FEBRUARY 7, 2022

Fannie Mae announced on January 19, 2022 that they will be accepting desktop appraisals for eligible loan transactions. The team at Fannie Mae were the first to announce requirements lockstep with their Regulator that desktop appraisals will become a normal part of the appraisal product landscape. Appraisal Labels.

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Housing Wire

JUNE 25, 2024

The importance of home appraisals to the homebuying and selling processes necessitate a stronger eye toward the use of burgeoning AI across a wide swath of U.S. The bureau expressed concern that the use of such tech could impact the equitable application of home appraisals. businesses.

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Appraisal Buzz

JUNE 17, 2024

As the dust begins to settle on this $418 million agreement, it is crucial for appraisers to recognize the vast opportunities now available to them. This self-reflection is essential, not only for agents but also for appraisers who can capitalize on the shifting dynamics.

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Appraisal Buzz

SEPTEMBER 30, 2024

The 16th annual Appraisal Summit , held from September 14th to 17th, 2024 at Planet Hollywood in Las Vegas, provided attendees with a packed agenda of education, panel discussions, networking opportunities, and more. Kelly Davids , from The Appraisal Foundation, followed with a session titled “What’s Happening in DC?”

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Appraisal Buzz

DECEMBER 3, 2024

Both AI-related measures build upon the efforts of the Committee’s Bipartisan AI Working Group to identify the advantages and risks of the technology, as well as the impacts of existing laws and regulations on its adoption. The post Congress Takes Aim at AI Advances in Housing appeared first on Appraisal Buzz.

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Appraisal Buzz

APRIL 18, 2022

This article was first published in the Appraisal Buzz Magazine. We are asking for submissions about your wildest appraisal stories! All the way from haunted encounters to animals that have been (unexpectedly) stumbled upon – Share with us and you could be featured in our Fall 2022 Appraisal Buzz Magazine. That’s when.

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Appraisal Buzz

JANUARY 10, 2022

When it comes to the appraisal report, there are five primary risks lenders are working to mitigate. Here’s a brief look at valuation risk through the eyes of a lender or an Appraisal Management Company. Risk 1: Appraiser risk. Banks are required by regulation to use licensed and certified appraisers.

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Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. Non-traditional appraisals to the rescue.

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Housing Wire

DECEMBER 23, 2022

The Federal Housing Finance Agency (FHFA) isn’t doing all that it can to prevent appraisal bias, according to the agency’s Office of Inspector General. It should also alert regulators and licensing authorities when it files complaints against appraisals, the OIG said. million active appraisal records to the U.S.

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Appraisal Buzz

JANUARY 6, 2025

This underscores how local zoning laws, land availability, and demand shape rental housing options across the country. appeared first on Appraisal Buzz. In Bridgeport, renters enjoy the most space despite homes averaging only two bedrooms and 2.6 The post Where Are the Nations Most Spacious Rental Homes Located?

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Housing Wire

MARCH 23, 2022

The Department of Housing and Urban Development ’s long-awaited action plan on appraisal bias outlines administrative actions the federal government will quickly take to address mis-valuations. But the report fails to offer a clear plan to release appraisal data from the government sponsored enterprises.

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Housing Wire

NOVEMBER 5, 2024

Real estate appraisers also rely on MLS data, including information about buyer broker compensation and seller concessions, in order to accurately appraise properties for homebuyers and lenders. We’ve taken a step back with data transparency since the NAR lawsuit,” said Ryan Lundquist , a Sacramento, California-based appraiser.

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Appraisal Buzz

MARCH 3, 2025

But there is a lot that lenders need to be aware of, from complex zoning requirements that vary not only by state, but often down to the municipality, to ensuring they are working with the right appraiser who understands the ins and outs of the space. The appraiser also must have a knowledge of comparable sales requirements.

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Appraisal Buzz

SEPTEMBER 25, 2024

On May 30, 2024, the Supreme Court of the United States (SCOTUS) issued its opinion on a matter of far-reaching consequence—whether the National Bank Act preempts a New York State consumer financial law requiring payment of interest on mortgage escrow accounts in the case of Cantero v. Bank of Am., LEXIS 2367.

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Appraisal Buzz

JULY 3, 2024

Today on the Appraisal Buzzcast, host Hal Humphreys speaks once again with Peter Christensen, attorney/owner at Valuation Legal, CE instructor at Appraiser eLearning, and one of our highest rated Buzzcast guests. What are some current court cases and lawsuits affecting appraisers today?

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Cleveland Appraisal Blog

JUNE 18, 2022

This week I have a bonus article for my appraisal colleagues who are interested in becoming expert appraisal witnesses in eminent domain cases. Appraising property in an eminent domain case requires unique expertise and skills. Appraising property in an eminent domain case requires unique expertise and skills.

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Appraisal Buzz

JANUARY 5, 2022

The post Practicing Law as a Digital Nomad appeared first on DSNews. The post Practicing Law as a Digital Nomad appeared first on Appraisal Buzz. The global health crisis spurred the legal field to embrace digital processes out of necessity. Attorney Michelle Garcia Gilbert asks “Where do we go from here?”.

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Appraisal Buzz

FEBRUARY 26, 2025

Across all areas and portfolio sizes, landlords continue to face additional operational challenges, such as higher maintenance, property tax, and insurance expenses, as well as stricter laws and regulations. The post Investors Embracing Expansion of Real Estate Portfolios appeared first on Appraisal Buzz.

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Appraisal Buzz

JULY 19, 2022

Thirty-year bankruptcy specialist joins Pincus Law to serve as Managing Attorney of the firm’s default legal services practice in the state of Pennsylvania. The post Judith Romano Joins Pincus Law Group’s Pennsylvania Office appeared first on DSNews.

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Appraisal Buzz

APRIL 11, 2025

We will continue to advocate for House and Senate leaders to pass these measures into law as soon as possible. The post Bipartisan Trigger Lead Measure Reintroduced first appeared on Appraisal Buzz. Identical bipartisan legislation is being introduced in the House of Representatives by Reps.

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