Presta Real Estate Appraisal provides these updated news headlines for the professional appraiser community. This information is also helpful for homeowners and potential home buyers to understand the processes behind real estate appraisal.
ASA: Cuomo-GSE deal will ‘destroy’ appraisers’ business relationships Posted Date: 5/6/2008 Summary: The American Society of Appraisers said it supports “the intent” of a plan to reorganize the appraisal industry, but the group has several concerns about “unintended negative consequences.” Read on to learn why the ASA is worried about the plan. Category: Industry News
Lender chooses Zaio for wholesale channel Posted Date: 5/6/2008 Summary: The unidentified mortgage company has branch locations throughout the Northern U.S., Zaio said. Category: Industry News
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Role of AMCs in HVCC concerns North Carolina appraisers Posted Date: 5/6/2008 Summary: “Appraisers are not responsible for this crisis, and should not be the ones to pay for it,” the North Carolina Appraisal Board wrote in response to a government plan to reorganize the industry. Read on for what else the Board had to say about the Home Valuation Code of Conduct. Category: Industry News
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Mortgage purchase activity hits five-year low Posted Date: 5/1/2008 Summary: The Mortgage Bankers Association reports its Purchase Index decreased another 4.8 percent, marking its lowest level since March 5, 2005. Category: Industry News
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Zaio gains three new clients Posted Date: 5/1/2008 Summary: The appraisal technology company has added three new clients, including a Pennsylvania mortgage lender and an Arizona credit union. Category: Industry News
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Foreclosure activity up 112 percent from Q1 2007 Posted Date: 5/1/2008 Summary: RealtyTrac reported foreclosure activity in the first quarter increased on a year-over-year basis in 46 out of the 50 states and in 90 of the nation’s 100 largest metro areas. Category: Industry News
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Reverse mortgage appraisals: Get in the game Posted Date: 5/1/2008 Summary: Eager to break into the reverse mortgage appraisal market, but not entirely sure how to get started? Read on as two experienced reverse mortgage appraisers give their take on reverse mortgages and the opportunities they offer. Category: Industry News
Valuation Review
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