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For The Appraiser or Trainee
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IN THE NEWS!
Market Update
Date |
Time |
2005 FOMC announcement schedule |
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Feb 1-2
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14:15
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FOMC
policy announcement
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Mar
22
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14:15
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FOMC
policy announcement
|
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May
3
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14:15
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FOMC
policy announcement
|
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Jun
29-30
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14:15
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FOMC
policy announcement
|
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Aug
9
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14:15
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FOMC
policy announcement
|
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Sep
20
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14:15
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FOMC
policy announcement
|
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Nov
1
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14:15
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FOMC
policy announcement
|
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Dec
13
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14:15
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FOMC
policy announcement
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FLASH!
REALTOR®
Magazine Online 2005 Cost VS. value Report
See what the REALTORS® have to say about home
improvements vs. recaptured expenses.
Click
Here
REALTOR®
Magazine Online 2006 Cost VS. value Report
See what the REALTORS® have to say about home
improvements vs. recaptured expenses.
Click
Here
AQB approves new appraiser qualifications
On February 20, 2004, the AQB formally adopted the Sixth Exposure Draft,
with changes to the qualification criteria becoming effective on January 1, 2008.
Included are a 3-trainee limit on supervisors and increased education requirements.
No college degrees but does require college level courses. Click
Here
US Census Bureau
Your source for population, housing, economic, and geographic data.
Click
here.
Fannie Mae Guidelines available
To order a copy of what appraisers need to know, the "Handbook for Appraisers," at a price of $15 per copy, call 1-800-471-5554 and requesting publication CT147. More information
Click
Here
Lenders rip cursory appraisals
Lenders nationwide
have just been warned that when they use anything less than a full, traditional appraisal in housing markets where values are soft, they could be penalized on Wall Street.
Click
Here
Appraisal trainee advice
Advice for appraisal trainees and persons considering
an appraisal career
Click Here. Mortgage Fraud Blog
Check out mortgage fraud in your state and
nationwide. Click Here |
BELOW ARE FORUMS
WITH THE CREATORS COMMENTS.
New Greenpea Appraiser
I've set this up for the new appraisers to ask questions and discuss issues that seem too dumb or irrelevant to ask the more seasoned appraisers. Feel free to ask/talk about anything from "What clothes should I wear?", to "How do you think A.V.M.'s will affect our future?"
AI
Associate Members Club
The idea for this club was actually created collectively by many
Appraisal Institute Associate Members from Region X (Florida, Puerto
Rico & the Caribbean) for the purpose of networking and
communicating with one another in helping each to reach the goal of
becoming a professional designated MAI and/or SRA real estate appraiser.
We welcome anyone and everyone who can contribute in a meaningful way to
help us reach our designation goal faster and more efficiently. Please
enjoy and post often!
California real estate
appraisers
This group was created and is sponsored by California real estate
appraisers. Its purpose is to bring together the views and opinions of
California real estate appraisers and to help create the very best in
appraisal information, knowledge and exchange of appraiser theory in
practice in the Golden State. New, experienced, part-time and full time
appraisers are welcome, as well as people interested in becoming
appraisers.
Alabama
Appraiser Forum
The Alabama Appraiser Forum was developed to assist all appraisers doing business in Alabama. All appraisers and affiliates licensed to do business in
Alabama are welcome to join this group and participate in the
forum. The forum is designed to exchange ideas and help each other in the appraisal practice. All subjects posted to this forum should be appraisal related. Spam is not authorized on the forum and anyone found sending or contributing
Spam will be banned from the group.
Michigan
Appraisers
This list is for all limited licensed appraiser in
Michigan to express their concerns and share their experience
with each others.
HUD
Fraud
Are you a homebuyer of a deficient new, or existing, house that
fraudulently went through the FHA program? -Does your case involve a
crooked &/or home builder, seller, lending company, appraiser,
inspector? (Builder left out materials; or "Fraudulent Property
Flipping" scheme; or "Predatory Lending"; or...) -Did HUD employees do
nothing about your case (Did not enforce their) HUD "Lender
Accountability" ("If problems arise after closing, that repairs were not
done or the house was overvalued,...
Limited
Appraisers
This group id design all new limited licensed appraiser registered in
the state of Michigan. Here we can share our problems and
experience.
Appraisal
Appraisal is estimating the value of an asset and projecting the income
of an asset, based on scientific methods and principles; supported by
the expertise of the appraiser. Appraisal services are required for the
following - Loan collateral - Merger and acquisition - Highest and Best
Use study for property - Calculation of Capital gains of Investment -
Insurance - Selling & buying of property - Taxation - Property Records 7
Information System - Go Public Appraisal also cover feasibility study,...
Rookie
Appraisers
Its a crazy world out there and being a rookie appraiser can be a BIG
challenge. Lets ask each other questions without fear of sounding
inferior to those ancient crusty old experienced foes. Let the conversing
begin - viola!
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WARNING! |
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(ARM) Adjustable Rate
Mortgage Holders!
New credit reporting
criteria!
A new credit-scoring system that rates
borrowers based on the type of mortgage they have could
cause people with adjustable mortgages to pay higher
interest rates on everything from credit cards to car
loans.
Some financial experts, however, say this system bears a
close resemblance to so-called universal default, which
allows a credit card company to raise a customer's
interest rate if he makes a late payment with another
creditor.
"This is pretty much going to be all that credit card
companies, student loan companies, auto lenders and
other banks need to charge customers higher rates solely
based on the kind of mortgages they have," said Lynnette
Khalfani, a former reporter for t e Wall Street Journal
and CNBC, and author of "Zero Debt." "Folks who were
teased and seduced to sign up for ARMs just two years
ago are paying for that decision in ways they never
imagined," Mrs. Khalfani said. "You could never fathom
it would cause higher rates on credit cards and higher
payments too. That smacks of unfairness to the
consumer." Not everyone with ARMs is struggling to make
ends meet.
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