Category Archives: Public

Foreign Money Pouring Into US Markets

Yahoo! Finance reports that blockbuster real estate deals are back and breaking records as cash from around the globe pours into U.S. office buildings, apartment complexes and other investment properties. Commercial real estate transactions jumped 45 percent by dollar volume in the first quarter, an increase driven by sales of multiple buildings or entire companies, […]

The Trouble with Rates in the Subdivision Development Method to Land Valuation

Brian J. Curry has written an excellent article on Subdivision Valuation for The Appraisal Journal. Valuation of subdivision land is not a one-size fits-all endeavor. This article demonstrates the relationship between profit and yield and their application in land valuation. A subdivision development static method is suggested, and the impact of leverage, trending, and project […]

Interagency Appraisal and Evaluation Guide

“The OCC, FRB, FDIC, OTS, and NCUA are issuing final Interagency Appraisal and Evaluation Guidelines (Guidelines) to provide further clarification of the Agencies’ appraisal regulations and supervisory guidance to institutions and examiners about prudent appraisal and evaluation programs. The Guidelines, including their appendices, update and replace existing supervisory guidance documents to reflect developments concerning appraisals and evaluations, […]

Disclosure and Delivery Requirement Under the Equal Credit Opportunity Act

“Section 1474 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) amended the ECOA, section 701 (e), to require creditors to provided loan applicants with copies of all appraisals and other written valuations obtained in connection with applications for loans to be secured by a first lien on a dwelling, regardless of loan […]

Appraisals for Higher-Priced Mortgage Loans under TILA

“In an attempt to strengthen lending requirements and expand consumer protections on higher-priced mortgage loans (HPML), § 1471 of the Dodd Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) revised the Truth in Lending Act (TILA) and the CFPB amended Regulation Z pursuant to the new TILA requirements. The amendments require creditors to obtain […]

Dodd-Frank H.R. 4173 Title XIII – Pay It Back Act Subtitle F – Appraisal Activities

SEC. 1471. PROPERTY APPRAISAL REQUIREMENTS. Chapter 2 of the Truth in Lending Act (15 U.S.C. 1631 et seq.) is amended by inserting after 129G (as added by section 1464(b)) the following new section: ‘‘§ 129H. Property appraisal requirements ‘‘(a) IN GENERAL. —A creditor may not extend credit in theform of a higher-risk mortgage to any consumer […]