Real Estate Appraisal News Roundup
Free Daily Headlines from Valuation ReviewThe lastest real estate valuatioin and appraisal news from Valuation Review
a la mode releases TOTAL 2010The appraisal technology provider a la mode has released the sixth generation of its appraisal forms software, TOTAL 2010. Find out the new features and its price point here. |
Reverse mortgage fraud ring used inflated appraisalsThree members of a mortgage fraud ring that used inflated appraisals for reverse mortgages have been charged by a federal grand jury in Georgia for conspiracy to commit financial institution fraud. Read on to find out what role the falsified appraisals had to play in the scheme. |
Fed may house proposed Consumer Financial Protection AgencyA bill that would overhaul the nation’s entire financial regulatory framework is another step closer to being considered in the U.S. Senate. Held up by disagreements over the inclusion of a new Consumer Financial Protection Agency, Sen. Christopher Dodd, D-Conn., is working on a compromise to get the bill heard in committee and eventually passed. Read on for the latest. |
New Mexico governor signs AMC bill into lawThe governor of New Mexico has signed SB 138, the legislation that regulates appraisal management companies, into law. Read on for the requirements for companies looking to operate in that state. |
Mortgage apps rebound with rates back below 5 percentThe Mortgage Bankers Association released its Weekly Mortgage Applications Survey for the week ending Feb. 26, showing the Market Composite Index, a measure of mortgage loan application volume, increased 14.6 percent on a seasonally adjusted basis from one week earlier. |
StreetLinks gets new software provider clientThe appraisal management company StreetLinks has announced it is partnering with a mortgage software provider to offer a full suite of valuation products to the provider’s customers. Find out which company has partnered with StreetLinks here. |
Appraiser sues celebrity for alleged assaultAn appraiser who was taking photos of a comparable property for a report was allegedly attacked and injured by a celebrity and her husband after being mistaken for a member of the paparazzi. The appraiser is now suing the former singer for damages. Find out more here. |
Another lender falls afoul of FHAThe FHA immediately and permanently withdrew approval of a N.Y.-based lender, while Ginnie Mae defaulted and terminated it as an issuer of its mortgage backed securities as a result of alleged “numerous and egregious violations” of FHA requirements. For details on the lender involved and the penalties handed down, go here. |