AI, Fannie Mae Join Forces to Promote Diversity in Valuation Profession

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It’s my privilege to share that AI has joined forces with Fannie Mae on a terrific partnership to  promote valuation careers. Here’s more about that, and other timely updates, from the past month.

AI, Fannie Mae Join Forces to Promote Diversity in Valuation Profession

You might be interested to know that the Appraisal Institute is joining with Fannie Mae to promote appraisal careers and to foster diversity in the valuation profession.

AI is serving as co-lead on Fannie Mae’s Appraiser Diversity Pipeline Initiative with the National Urban League and Altisource. The initiative is intended to attract new entrants to the residential appraisal field, overcome barriers to entry (such as education, training and experience requirements) and to foster diversity.

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AI Opposes Banks’ Residential Appraisal Threshold Increase

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I’m pleased to report that the Appraisal Institute continues to advocate in Washington, D.C., on behalf of its membership and the entire valuation profession. Here’s more about that, and other timely updates, from the past month.

AI Opposes Banks’ Residential Appraisal Threshold Increase

As you might have heard, federal banking regulators on Aug. 20 approved a final rule to increase the residential appraisal threshold from $250,000 to $400,000.

The Appraisal Institute continues to oppose this effort by bank regulators that threatens consumer protection and safety and soundness. While not surprised, we are very disappointed that the regulatory agencies have focused on regulatory relief at the expense of protecting homebuyers. The consequences could be substantial.

The Appraisal Institute fought to retain the existing threshold level during its review of the Economic Growth and Regulatory Paperwork Reduction Act several years ago, warning — and continuing to warn — federal banking agencies and congressional allies that the threshold increase could harm financial institutions and consumers.

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AI Calls for Bank Regulators to Reject NCUA’s Decision

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By Douglas A. Potts, MAI, AI-GRS

Potts blogAs you might have heard, the National Credit Union Administration’s Board of Directors on July 18 quadrupled – from $250,000 to $1 million – the appraisal threshold for nonresidential real estate loans. Of course, increasing the threshold would drastically reduce the number of nonresidential real estate loans requiring an appraisal. [Read more…]

Appraisal Institute Media Coverage Seen by Nearly 1 Billion

StillAs the nation’s largest professional association of real estate appraisers, the Appraisal Institute works to represent the valuation profession in media coverage across the country. From January-June 2019, the Appraisal Institute and its professionals were included in more than 1,200 stories in 430 unique media outlets, with a potential audience of nearly 1 billion and a publicity value of more than $1.2 million. [Read more…]

AI Condemns NCUA Action on Appraisal Thresholds

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I’m pleased to report that AI once again took a leadership role in advocating for the valuation profession in our nation’s capital. Learn more about that, and other timely updates, from the past month.

AI Condemns NCUA Action on Appraisal Thresholds

The Appraisal Institute on July 19 vigorously condemned action by the National Credit Union Administration, calling the NCUA’s decision to effectively reduce the number of appraisals required for commercial real estate loans irresponsible, radical and dangerous. The organization further called for congressional oversight.

The NCUA Board of Directors quadrupled – from $250,000 to $1 million – the appraisal threshold for nonresidential real estate loans.

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Live from the Appraisal Institute 2019 Annual Conference – Day 4

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Thank You for Attending the 2019 AI Annual Conference!

The Appraisal Institute thanks you for being part of the real estate valuation profession’s biggest event of the year. Hopefully you enjoyed the numerous opportunities to meet new business contacts, reconnect with old friends, learn from leaders in the valuation profession and take in some of what Denver has to offer. Thank you for making this event a success year after year! [Read more…]

Valuing Timeshares Requires Special Care: The Appraisal Journal

Special care must be taken to understand the timeshare interest and the competitive market in which that interest would sell, according to an article from the Spring 2019 issue of The Appraisal Journal that explores key issues facing appraisers when valuing timeshares.

Timeshares, Market Value, and the Real Estate Appraisal Process,” by Richard J. Roddewig, MAI, and Charles T. Brigden, MAI, explores key issues in timeshare appraising, including the need to identify the nature of the timeshare interest being appraised and its marketplace, and finding reliable sources of data when closed sale prices are not readily available.

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