VA Clarifies Appraisal Requirements
The Department of Veterans Affairs has clarified its appraisal requirements on loans secured by properties located in rural areas.
Millennials As Real Estate Appraisers?
While the average age of people in the home valuation field is north of 50, there are some features to the appraiser profession that might be well-suited for Millennials.
Consumers Expect Bigger Home Price Gains
A survey of consumers by the nation's central bank indicates increased expectations for rising home prices and interest rates.
Northwest, Mountain Lead Home Price Gains
Home prices continued to rise, with some indices achieving new highs. Areas in the Northwest and Mountain Region maintained a tight grip on top spots.
IPO for Parent of 3rd Biggest AMC
The parent company of an appraisal management company has filed a prospectus to conduct an initial public offering of its common shares.
Home Price Gains Weaken, Though NY Strong
National home prices were little changed on a month-over-month basis, though the Empire State fared well. The Northwest had the strongest year-over-year gains.
Mortgage Lenders Improve Equity Positions
As the nation's book of mortgages grew, home lenders improved their equity position on a year-over-year basis. Negative equity diminished.
Appraisal Services Integrated Into LOS Systems
Appraisal services have been integrated into multiple loan origination systems. Meanwhile, an update has been issued for government appraisals.
Coasts, Mountain Region Lead Home Price Gains
Multiple home price indices continue to ascend. Leading the gains are coastal locations, though the Mountain Region is faring well.
Appraiser Fraud Alert Issued
A rash of cases have been uncovered where the identity of appraisers approved for government mortgages have been stolen.