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Most recent emails
Email archives - 3-02
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3/4/02 - Appraiser shortage in NJ?/GA says no ASC
New this week from Appraisal Today e-news
+ Appraiser shortage in NJ?
+ Georgia Board Calls for Elimination of Appraisal Subcommittee
+ NAIFA says AI and ASA don't get it on HUD issue
+ More on HUD's new Appraisal Watch program
+ March Appraisal Today - change/PDF/plotting
+ Appraisal Institute and Charter One launch new service
>>>>>>> APPRAISER SHORTAGE IN NEW JERSEY <<<<<<<
The Appraisal Subcommitte posted a notice 2/26 that effective March 1, New
Jersey appraisers were not approved to do any work.
The notice below was posted today.
3/4/02: "New Jersey provided a data file containing records for
approximately 1,500 appraiser renewals. The ASC processed
that data file today. The ASC Web site will be updated tonight. At this
time, approximately 1,500 of New Jersey's approximately 2,600 State
Licensed and Certified appraisers have been determined eligible to perform
appraisals in connection
with Federally related transactions. We anticipate that New Jersey will
provide additional data files during the week as
additional renewals are processed. We will update the ASC Web site daily,
as we receive data from New Jersey. By notices
at this Web site location, we will keep you informed of further developments."
The Appraisal Subcommittee posted the notice below on their Web site Feb.
26 that effective March 1, New Jersey appraisers were not approved to do
any work.
"New Jersey is experiencing computer system conversion difficulties.
Currently, all New Jersey appraiser licenses and certifications will expire
on March 1, 2002, unless New Jersey can conduct its credential renewal
process and provide us an accurate National Registry data file before that
date. After March 1, 2002, unless New Jersey has processed appraiser
renewal applications and provided accurate National Registry data to the
ASC, New Jersey appraisers will be unable to legally perform appraisals in
connection with federally related transactions. By notices at this Web site
location, we will keep you informed of further developments. "
So what caused the problem? NJ is installing new software for professional
licenses and got behind. Appraisers, of course, are the only ones with
strict national licensing requirements that came due.
To see if there is any update, go to http://www.asc.gov and click on ASC
National Registry on the left side of the screen.
Thanks to reader Bill Giebel for letting me know about this hot topic!
AOL Users: <a href=http://www.asc.gov> Click Here</a>
To see what appraisers say, and add your own comments, go to
http://www.naifa.com at http://www.naifa.com/chat/index.html
and click on
General Chat.
<a href=http://www.naifa.com/chat/index.html>
>>> GEORGIA BOARD CALLS FOR ELIMINATION OF APPRAISAL SUBCOMMITTEE <<<
Per the AI's online newsletter, "The Georgia Real Estate Appraisers Board
has called upon Sen. Zell Miller, D-Ga., to introduce legislation to make
broad changes to the real estate appraisal regulatory structure, including
the elimination of the Appraisal Subcommittee."
To read the full story, plus other hot news, go to
http://www.appraisalinstitute.org/publications/ano/contents.asp
AOL Users: <a
href=http://www.appraisalinstitute.org/publications/ano/contents.asp> Click
Here</a>
>>> NAIFA SAYS AI AND ASA DON'T GET IT ON HUD ISSUE <<<
Posted 2/26/02 on the NAIFA web site:
"NAIFA specifically takes issue with statements and pronouncements by both
the Appraisal Institute and the American Society of Appraisers over their
joint announcement that HUD must take immediate steps to remove
approximately 300 appraisers from the FHA approved appraiser roster."
"While it is true that there are or were some appraisers improperly placed
on the approved roster, placing emphasis upon this small number serves only
to obscure more important and far more pressing issues at HUD.
"Frankly, this is like complaining about a loud party next door while there
are seven fire engines and crews trying to put out four fires across the
street," says Edward Liggins, National President of NAIFA."
To read the full NAIFA statement, go to:
http://www.naifa.com/news/index.html
AOL Users: <a href=http://www.naifa.com/news/index.html> Click Here</a>
To read the original AI/ASA statement, "Leading Appraisal Organizations
Call for Immediate Removal of Unqualified HUD Appraisers" go to:
http://www.appraisalinstitute.org/about/news/1_30_02_ai_letter_to_hud.asp
AOL Users: <a
href=http://www.appraisalinstitute.org/about/news/1_30_02_ai_letter_to_hud.a
sp> Click Here</a>
>>> MORE ON HUD'S NEW APPRAISAL WATCH PROGRAM <<<
HUD Secretary Mel Martinez's call for an "Appraiser Watch" program is just
the latest challenge for home real estate appraisers, including from Fannie
Mae and Freddie Mac, Ken Harney reports.
See what national columnist Kenneth Harney has to say:
http://realtytimes.com/rtnews/rtcpages3/20020225_appraiserwatch.htm
AOL Users: <a
href=http://realtytimes.com/rtnews/rtcpages3/20020225_appraiserwatch.htm>
Click Here</a>
To read the transcript of Martinez's statement Feb. 13 to the Banking
Committee, where Appraiser Watch was mentioned, go to:
http://banking.senate.gov/02_02hrg/021302/index.htm
AOL Users: <a href=http://banking.senate.gov/02_02hrg/021302/index.htm>
Click Here</a>
Many thanks (again) to the AI's Washington office for this link!
>>> APPRAISAL INSTITUTE AND CHARTER ONE LAUNCH NEW SERVICE <<<
Per their Web site, AI Direct Connection is an appraisal and valuation
services company focused on the ordering, management and delivery of real
estate appraisals and related services. The Appraisal Institute provides
the appraisers, Real Estate Appraisal Services (REAS) does the operation,
and FNC provides the technology. Their target is national clients. No fee
to the appraisers.
REAS "in its 24th year in business, routinely handles
70,000 to 100,000 transactions per year for a variety of clients in a large
geographic region."
Currently residential appraisals are offered, with commercial "coming
soon." Preference is given to AI members.
http://www.aidirectconnection.com/
AOL Users: <a href=http://www.aidirectconnection.com/> Click Here</a>
For a brief intro, go to http://www.inman.com/hstory.asp?ID=28682&CatType=R
AOL Users: <a href=http://www.inman.com/hstory.asp?ID=28682&CatType=R>
Click Here</a>
>>> MARCH APPRAISAL TODAY - CHANGE/PDF/PLOTTING <<<
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New in the March issue of Appraisal Today:
- How to adapt to the changing lender market, Part 1 - Changes over the
past 80 years
- Appraiser watch - appraisers in the news in Illinois
- How secure are PDF files?
- MBA loan volume forecast for 2002
- Fannie and fraud in Florida
- Deed plotting programs - a review
- Is there a Blue Box AVM in your future? Part 1
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==================
Ann O'Rourke, MAI, SRA
Appraiser and Publisher of Appraisal Today newsletter
2015 Clement Ave.
Alameda, CA 94501
mailto:ann@appraisaltoday.com
phone: 800-839-0227//fax: 800-839-0014
http://www.appraisaltoday.com for appraisal news, info, and a few jokes!
3/11/02 - IRS AVM/floppies endangered
New this week from Appraisal Today e-news
+ O'Rourke email problems
+ IRS to use AVM
+ Delinquencies down, foreclosures up
+ Rates up, down, or sideways?
+ Purchase and refi apps up
+ Why your floppy drive is an endangered species
>>>>>>> O'ROURKE EMAIL PROBLEMS <<<<<<<
In 1994 I signed up with a local ISP for a personal account using
annor@appraiz.com. They sold all the personal, dialup accounts to
Earthlink. I am no longer receiving mail at that address, so please check
your address book to be sure you have ann@appraisaltoday.com.
I also have a business web hosting account I set up in 1999. Unfortunately
that account was also affected. My email went down twice for almost a day
and email delivery was delayed for two days.
So if you sent me an email and didn't get a response, please resend it;> ;
>>>>>>> IRS TO USE AVM <<<<<<<
The U.S. Internal Revenue Service (IRS) will utilize an Automated Valuation
Model (AVM) to determine the home equity of certain taxpayers, according to
an announcement from Basis100 Inc. The IRS has signed a one-year contract
with Basis100 to deliver the technology that assesses an individual's
ability to pay taxes through home equity, primarily with requests for
"Offers in Compromise"
For the full story, go to
http://www.MortgageDaily.com/IrsAvm030602.html
AOL Users: <a href=http://www.MortgageDaily.com/IrsAvm030602.html> Click
Here</a>
>>>>>>> DELINQUENCIES DOWN, FORECLOSURES UP <<<<<<<
In the fourth quarter of 2001, the share of homeowners paying their
mortgages late decreased, while the percentage of mortgages in the
foreclosure process increased, according to a quarterly survey conducted by
the Mortgage Bankers Association of America (MBA).
In MBA's latest National Delinquency Survey (NDS), the delinquency rate for
loans on one- to four-unit residential properties was 4.65 percent in the
fourth quarter of 2001, down 22 basis points from the third quarter of
2001. The percentage of loans in the process of foreclosure at the end of
the quarter rose 9 basis points to 1.04 percent, while the percentage of
loans in which foreclosure started during the quarter dropped 2 basis
points to 0.36 percent.
Douglas G. Duncan, MBA's Chief Economist, says that the primary reason for
the decrease in overall delinquency rates in the fourth quarter is that
shorter-term delinquencies (loans 30 days past due) dropped back to second
quarter levels. The events of September 11 may have contributed to this
temporary rise in short-term delinquencies, which were ultimately brought
current in the fourth quarter.
"On a year-over-year basis, mortgage delinquencies are still up 15 basis
points over the fourth quarter of 2000," says Duncan. "Furthermore, the
percentage of loans in the foreclosure process are up 19 basis points over
the fourth quarter of 2000, and 9 basis points over the last quarter.
Nonetheless, the fourth quarter drop in the overall delinquency rate over
the third quarter, coupled with recent economic indicators, lead us to be
cautiously optimistic that delinquencies may be stabilizing."
The delinquency rate decreased for each of the three loan types during the
fourth quarter of 2001. The rate for conventional loans was 3.00 percent,
down 13 basis points from the previous quarter, and the rates for FHA and
VA loans were 10.97 percent and 7.70 percent-down 39 and 41 basis
points-respectively.
The inventory of loans in the process of foreclosure at the end of the
quarter increased for each of the loan types. The percentage of
conventional loans in foreclosure increased 6 basis points to 0.76 percent.
The percentage of FHA loans in foreclosure increased 23 basis points to
2.17 percent. The percentage of VA loans in foreclosure increased 8 basis
points to 1.33 percent.
On a smaller sample of loans, the NDS found that the delinquency rate for
both fixed-rate mortgages (FRMs) and adjustable-rate mortgages (ARMs)
decreased in the fourth quarter. The rate dropped 10 basis points to 3.87
percent for fixed-rate mortgages and dropped 35 basis points to 5.91
percent for ARMs.
>>>>>>> RATES UP, DOWN, OR SIDEWAYS? <<<<<<<
With Greenspan referring to recovery of the economy, will mortgage rates go
up much? Read Lou Barnes commentary, "Mortgage Market Commentary - 'All
we've lost in mortgages is the sixes'"
http://www.inman.com/InmanStories.asp?ID=28782&CatType=R
AOL Users: <a
href=http://www.inman.com/InmanStories.asp?ID=28782&CatType=R> Click Here</a>
>>>>>>> PURCHASE AND REFI APPS UP <<<<<<<
The market composite index of mortgage loan applications-a measure of loan
purchases and refinances-for the week ending March 1 increased 14.5 percent
to 631.2 on a seasonally adjusted basis from 551.1 the previous week,
according to the Weekly Mortgage Applications Survey of the Mortgage
Bankers Association of America (MBA), which was released last Wednesday.
On an unadjusted basis, the application index increased 27.8 percent but
was down 2.3 percent compared to the same week a year earlier.
The MBA seasonally adjusted Purchase Index increased to 335.4 from 315.5
the previous week. The seasonally adjusted Refinance Index increased to
2351.7 from 1921.6 the previous week. Other seasonally adjusted index
activity included the Conventional Index, which increased to 845.8 from
738.7 the previous week, and the Government Index, which increased to 273.0
from 238.1 the previous week.
Refinancing activity represented 51.7 percent of total applications,
increasing from 48.6 percent the previous week. The share of ARM activity
decreased to 13.2 percent from 14.5 percent the previous week.
"Last week was the first time since the week ended January 25 that fixed
mortgage rates have increased, though last week's increase was small,"
stated Phil Colling, an economist with the Mortgage Bankers Association.
"We often see refinance activity increase in a week with increased mortgage
interest rates. That is possibly attributable to consumers perceiving that
rates have bottomed and are heading back up. The overall good news about
the economy and the still relatively low mortgage rates may also have
spurred consumers to pursue home purchases."
The average contract interest rate for 30-year fixed rate mortgages was
6.81 percent, increasing from 6.74 percent the previous week, with points
increasing to 1.48 from 1.34 the previous week (including the origination
fee) for 80 percent loan-to-value (LTV) ratio loans.
>> WHY YOUR FLOPPY DRIVE IS AN ENDANGERED SPECIES <<
When was the last time you needed your floppy drive? I can't
recall when I last used mine, either. Well, Microsoft's noticed the trend.
Soon it might give PC makers the OK to drop the floppy. Are you ready to
send the antiquated storage peripheral to hardware heaven, too? For more
info, go to
http://clickthru.online.com/Click?q=01-9oQDI2jfgOMGjPQvurwnGlLB6RRR
AOL Users: <a
href=http://clickthru.online.com/Click?q=01-9oQDI2jfgOMGjPQvurwnGlLB6RRR>
Click Here</a>
I guess I'm one of the few that still uses a floppy once in a while!
3/18/02 - PDF narratives/USPAP & 2070s
New this week from Appraisal Today e-news
+ Feb. ASB Q&As
+ My first electronic commercial appraisal
+ Free national market trends study
+ Rates up/apps down
>>>>>>> FEB. ASB Q&AS <<<<<<<
Question #1: I was recently told that USPAP allows appraisers to
wait and create a workfile after the report has been delivered to the
client for an appraisal, appraisal review, or appraisal consulting
assignment. Is this true?
Question#2:
I am a state certified appraiser and was recently asked by a client to
perform a "condition and marketability report". A value conclusion is not
requested as part of the assignment; however, I
must sign the report as an appraiser. Is this assignment covered by USPAP?
Question #3:
I am appraising a property that will require a Discounted Cash Flow (DCF).
Are there any special requirements in USPAP for this?
For the answers, go to
http://www.appraisalfoundation.org/html/standards.asp?FileName=monthly_uspap
AOL Users: <a
href=http://www.appraisalfoundation.org/html/standards.asp?FileName=monthly_
uspap> Click Here</a>
>>>>>>> MY FIRST ELECTRONIC COMMERCIAL APPRAISAL <<<<<<<
Well, I finally have gone electronic on my commercial narrative reports,
after being fully digital on my residential reports for over a year.
Why? Assembling the reports has always been a real hassle. Putting on
arrows, making photocopies, etc. Then, inevitably, the request for another
copy or some changes.
To bring in my photos, I used Thumbs Plus (www.cerious.com) to drag and
drop them into my Quark files. I hate individually labeling each jpeg file.
To keep the file size manageable I assembled separate files for:
- Wordprocessing text file (I use Wordperfect)
- Subject - maps, scans (plat map, zoning map, etc.) and photos
- Comparable sales - map and photos
- Comparable rentals - map and photos
Then I made a PDF file for each of the files and combined the PDF files
into one PDF document. (PDF files are much smaller than the original
documents.) Assembling was easy using Acrobat 5.0 and the thumbnail images.
My next step is to incorporate more color into my narrative templates, such
as a blue signature, different colors on spreadsheets, etc.
If you're producing electronic narratives let me know how it is going and
if you have any tips to pass along. You may see your name in print for a
few bytes of fame!
>>>>>>> FREE NATIONAL MARKET TRENDS STUDY <<<<<<<
Integra Realty Resources' national real estate market trends study
VIEWPOINT 2002 (a $100 value) is now available at no charge by registering
at the IRR website, http://www.irr.com/viewpoint/
includes an overview of
the national economy and its effect on real estate trends. VIEWPOINT 2002
provides comprehensive analysis of the major property sectors, namely:
Lodging, Apartment, Retail, Industrial Office, Seniors Housing
and, Gaming.
AOL Users: <a href=http://www.irr.com/viewpoint> Click Here</a>
>>>>>>> RATES UP/APPS DOWN <<<<<<<
The market composite index of mortgage loan applications-a measure of loan
purchases and refinances-for the week ending March 8 decreased 16.0 percent
to 530.0 on a seasonally adjusted basis from 631.2 the previous week,
according to the Weekly Mortgage Applications Survey of the Mortgage
Bankers Association of America (MBA), which was released March 13. On an
unadjusted basis, the application index decreased 15.3 percent and was down
7.7 percent compared to the same week a year earlier.
The MBA seasonally adjusted Purchase Index decreased to 314.6 from 335.4
the previous week. The seasonally adjusted Refinance Index decreased to
1783.0 from 2351.7 the previous week. Other seasonally adjusted index
activity included the Conventional Index, which decreased to 709.0 from
845.8 the previous week, and the Government Index, which decreased to 231.2
from 273.0 the previous week.
Refinancing activity represented 46.3 percent of total applications,
decreasing from 51.7 percent the previous week. The share of ARM activity
increased to 14.1 percent from 13.2 percent the previous week.
The average contract interest rate for 30-year fixed rate mortgages was
7.08 percent, increasing from 6.81 percent the previous week, with points
decreasing to 1.29 from 1.48 the previous week (including the origination
fee) for 80 percent loan-to-value (LTV) ratio loans.
The survey covers approximately 40 percent of all U.S. retail residential
mortgage originations and has been conducted weekly since 1990.
Respondents include mortgage bankers, commercial banks and thrifts. Base
period for all indexes is March 16, 1990=100.
===================
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========================
Ann O'Rourke, MAI, SRA
Appraiser and Publisher of Appraisal Today newsletter
2015 Clement Ave.
Alameda, CA 94501
mailto:ann@appraisaltoday.com
phone: 800-839-0227//fax: 800-839-0014
http://www.appraisaltoday.com for appraisal news, info, and a few jokes!
3/25/02 - Using Outlook/S&P evaluates AVMs/FDCI report
New this week from Appraisal Today e-news
+ FDIC - markets slowing
+ The business risks of using Outlook
+ Relo appraisers a dying breed?
+ Apps down from a year ago
+ O'Rourke email problems (again)
+ S&P evaluates AVMs
>>>>>>> FDIC - MARKETS SLOWING <<<<<<<
The results of the bi-annual January 2002 survey of bank examiners by the
FDIC indicated that respondents were less positive about U.S. real estate
markets during the last half of 2001 than in recent surveys. Reports of
somewhat weaker conditions (as characterized by vacancy rates, market
prices, or the pace of sales) were more frequent than six months earlier
for all property markets and were more prevalent for the commercial markets.
In residential markets, the largest proportion of respondents continued to
report that conditions were unchanged (49 percent for single-family markets
and 51 percent for multifamily). However, observations of some worsening in
residential markets also increased since the previous survey in July 2001.
Reports of balance in residential markets outnumbered those of tight supply
and excess supply and, in fact, increased in the single-family market since
the previous survey. As for commercial markets, respondents noting
oversupply were in the majority by far, but widely characterized the
surplus as some excess rather than a glut.
To read the complete report, go to
http://www.fdic.gov/bank/analytical/survey/index.html
AOL Users: <a href=http://www.fdic.gov/bank/analytical/survey/index.html>
Click Here</a>
>>>>>>> The business risks of using Outlook <<<<<<<
I have never used Microsoft Outlook because of the numerous problems with
viruses, etc. I use Eudora Pro. Stephen Canale writing for Realty Times has
an excellent analysis of the risks of using Outlook. He advises not using
it, but if you do, be sure to read this very informative article.
Alternatives include Pegasus, Eudora, and the many Internet email Web sites
such as Yahoo.
http://realtytimes.com/rtnews/rtapages/20020320_outlook.htm
AOL Users: <a
href=http://realtytimes.com/rtnews/rtapages/20020320_outlook.htm> Click
Here</a>
>>>>>>> RELO APPRAISERS A DYING BREED? <<<<<<<
Chip Wagner posted an excerpt from an article quoting Jeff Barta on the
effect of the appraisal recession on relocation appraisers. Here's two quotes:
"Short-form and drive-by appraisals have become commonplace. Appraisers can
do four to six drive-bys and two to three short forms in the time it takes
to do one relocation appraisal. The 'keep-it-simple' mentality and
shortcuts have led to a 'dumbing down' of appraisers and a lack of quality."
"Major and small third-party companies left the door open for more
competition; consequently all anyone has to do is have an appraisal license
to do the work," he said. "Furthermore, appraiser training, conferences,
and times to share ideas offered by relocation companies are not happening."
"The result, Barta said, is that the relocation appraisal field has become
less appealing. Appraisers are leaving the business. Four of the eight
members who were on the committee that created the new ERC Residential
Appraisal form that was released in August 2001 no longer are in the
business. Appraisers' skills have been degraded. Forecasting is a lost art.
To read the posting on the NAIFA relocation chat board, go to
http://www.naifa.com/chat/relo/index.cgi?read=290
AOL Users: <a href=http://www.naifa.com/chat/relo/index.cgi?read=290> Click
Here</a>
>>>>>>> APPS DOWN FROM A YEAR AGO <<<<<<<
FYI, every issue of Appraisal Today has a graph on the last page of
historical trends so you can see where apps are in relation to 3 months or
3 years ago.
The market composite index of mortgage loan applications-a measure of loan
purchases and refinances-for the week ending March 15 decreased 11.0
percent to 471.6 on a seasonally adjusted basis from 530.0 the previous
week, according to the Weekly Mortgage Applications Survey of the Mortgage
Bankers Association of America (MBA), which was released last Web. On an
unadjusted basis, the application index decreased 10.6 percent and was down
14.3 percent compared to the same week a year earlier.
The MBA seasonally adjusted Purchase Index decreased to 310.9 from 314.6
the previous week. The seasonally adjusted Refinance Index decreased to
1406.3 from 1783.0 the previous week. Other seasonally adjusted index
activity included the Conventional Index, which decreased to 624.1 from
709.0 the previous week, and the Government Index, which decreased to 217.1
from 231.2 the previous week.
Refinancing activity represented 40.8 percent of total applications,
decreasing from 46.3 percent the previous week. The share of ARM activity
increased to 16.2 percent from 14.1 percent the previous week.
The refinance index, at 1406.3, is the lowest since the week ended July 13,
2001 (with the exception of the holiday week ended December 28, 2001). The
percent of the number of refinance applications, at 40.8, is the lowest
since the week ended July 6, 2001. Phil Colling, an Economist with the
Mortgage Bankers Association of America, stated "When the 30-year fixed
contract rate is below 7.00 percent, refinance activity increases
substantially. When the 30-year rate is above about 7.30 percent, refinance
activity tends to be relatively low. Last week, the average 30-year rate
was 7.11 percent, which is within the ‘gray zone' between 7.00 and 7.30
percent. While the refinance numbers were down last week, they are still
quite high by historical standards. The refinance boom that started in
early 2001 is still occurring, but mortgage interest rates will determine
the duration and intensity of that boom."
The average contract interest rate for 30-year fixed rate mortgages was
7.11 percent, increasing from 7.08 percent the previous week, with points
increasing to 1.38 from 1.29 the previous week (including the origination
fee) for 80 percent loan-to-value (LTV) ratio loans.
The average contract interest rate for 15-year fixed rate mortgages was
6.59 percent, increasing slightly from 6.57 percent the previous week, with
points increasing to 1.42 from 1.28 the previous week (including the
origination fee) for 80 percent loan-to-value (LTV) ratio loans.
The average contract interest rate for 1-year ARMs was 5.26 percent,
increasing from 5.17 percent the previous week, with points increasing to
1.11 from 1.05 the previous week (including the origination fee) for 80
percent LTV loans.
For more information, go to http://www.mbaa.org
AOL Users: <a href=http://www.mbaa.org> Click Here</a>
>>>>>>> O'ROURKE EMAIL PROBLEMS (AGAIN) <<<<<<<
My email was down from late last Thursday to early Sunday. My ISP, Verio,
had big email server problems. My email was previously down for 2 days two
weeks ago. My web site is fine...
If you sent me an email during that time period, please resend it as all my
email messages were lost...
>>>>>>> S&P EVALUATES AVMS <<<<<<<
S&P released a report on AVMs last week. Here's a quote:
"It is expected that 10% of all new originations in the residential
mortgage market this year will have an automated valuation attached to them
in some way," said RMBS director Susan E. Barnes. "AVM usage has evolved
from being employed solely as a quality control tool to its utilization in
the origination process. Utilization in the origination process ranges from
its being employed as an unbiased 'reality check' on an appraisal to its
use as the sole determinant of property value."
The report is available at http://www.standardandpoors.com
. To access the
report, click on "Resource Center"; then, under "Reference Tools," on
"Structured Finance"; and finally, on the article title. S&P has been
evaluating AVM use since 1998.
AOL Users: <a href=http://www.standardandpoors.com> Click Here</a>
It is well worth reading. Thanks to Steve Vertin, MAI for posting this most
excellent link at http://www.appraisersforum.com
.
AOL Users: <a href=http://www.appraisersforum.com> Click Here</a>
===================
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Projections are for a further decline in refis. It's not too late to plan
for the slowdown.
I have three appraisal marketing books, audiotapes of my 3-hour marketing
seminar, plus regular marketing articles in my Appraisal Today newsletter.
For more info on my marketing books and tapes, plus some FREE articles, go
to http://www.appraisaltoday.com/marketing.htm
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For info on the Appraisal Today newsletter, which regularly has marketing
articles, go to http://www.appraisaltoday.com/amm.htm
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Or, call 800-839-0227 for a brochure. Or fax your request to 800-839-0014.
==========================
Ann O'Rourke, Publisher
Appraisal Today
2015 Clement Ave.
Alameda, CA 94501
mailto:info@appraisaltoday.com
phone: 800-839-0227//fax: 800-839-0014
http://www.appraisaltoday.com for appraisal news and info!
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