Analysts to rely on new data to forecast home prices
The growing emphasis on advanced analytics in the housing market has been helping give industry analysts a clearer picture of the state of U.S. markets in recent years.
Economists are now looking to take the next step to use more sophisticated housing data as a tool to better forecast future home prices.
Since U.S. home prices are a key indicator of overall economic health, being able to get a read on housing trends months in advance could help everyone invested in the market, from buyers and sellers to real estate professionals and home builders.
New funds to help stabilize communities through home demolition
Depressed neighborhoods throughout the Midwest are getting a second chance at stability thanks to newly appropriated funds.
Part of the Hardest Hit Fund of the Troubled Asset Relief Program (TARP), which was created in 2008 to preserve the housing market, has been allocated to rid blighted communities of abandoned houses that have dragged down housing values.
Broadening education is the key to expanding appraiser’s business, Appraisal Institute says
No matter the profession, the question of how to successfully scale the corporate ladder is always a pertinent one. However, that upward path can be a more difficult one for some to navigate depending on the field.
Appraisers have found themselves working in an industry where certain game-changing obstacles have popped up in recent years. Besides increased regulations that have led to more appraisal management companies (AMCs) joining the world of settlement services, appraisers have seen technology diminish some of their opportunities.
To get insight into today’s best practices for appraisers, Valuation Review interviewed Appraisal Institute President Ken Wilson.
New app lets appraisers accept new orders anywhere
A new smartphone app is helping facilitate the appraisal ordering process faster than ever before.
A la mode, the Florida-based developer of desktop, mobile and Web tools for the real estate and mortgage industries, has released a new component to its Mercury Network — Mercury Mobile.
The Mercury Network is a cloud-based platform that allows lenders and appraisal management companies (AMCs) to manage their vendor workflow process in compliance with the Uniform Mortgage Data Program (UMDP), appraisal independence standards and security regulations.
Survey aims to understand the impact of new qualified mortgage rule
The ramifications of any rulemaking are impossible to project after only a month of implementation. In fact, it often takes years for the full scope of legislative impact to be truly understood.
However, the National Association of Realtors (NAR) Research recently sent out a survey to a panel of 53 different mortgage originating entities across the country in an attempt to get preliminary feedback on the new qualified mortgage (QM) rule.
Fannie Mae unveils new Appraiser Quality Monitoring list – Part Two
The following interview with Andrew Wilson, senior director of media and external relations at Fannie Mae, is a continuation of Part One of our story on Fannie’s new Appraiser Quality Monitoring (AQM) list:
Valuation Review: How many appraisers are currently being monitored by Fannie?
Wilson: Through UAD, we have the ability to efficiently review any appraisal associated with a loan purchased by Fannie Mae. We have undertaken two initiatives to work with appraisers to ensure appropriate, accurate data is submitted to Fannie Mae and to make sure that our property eligibility and appraisal requirements are understood and met.