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NEWS YOU CAN USE
June 30, 2016
The Appraisal Foundation: The International Valuation Standards Council and the Appraisal Foundation Release Standards Bridge Document. Click here to view the Press Release. Click here to view the document, A Bridge from USPAP to IVS. June 28, 2016
The Appraisal Foundation: On June 24, 2016, the Appraiser Qualifications Board (AQB) held a public meeting in Las Vegas. Click here to view the meeting summary. June 24, 2016June 16, 2016 The Appraisal Foundation: The Appraisal Foundation Announces Elections and Appointments for the Board of Trustees and Appraisal Practices Board. Click here to view the article. June 9, 2016 Training: FHA Appraisals Live Training. Friday, June 24, 2016, 9:00 am - 11:30 am EST. Department of Housing and Urban Development,
Boston Regional Office, Thomas P. O’Neill Federal Building, Classroom B, 10
Causeway Street, Boston, MA 02222-1092. Click here to register.June 1, 2016
National Mortgage News: Are Appraisal Changes Putting FHA Loans at a Disadvantage? By Brad Finkelstein. Reposted with permission of National Mortgage News.
The Appraisal Foundation: The Appraiser Qualifications Board (AQB) has issued the following June Q&A's.
The Appraisal Foundation: The Appraisal Standards Board (ASB) invites you to its upcoming Public Meeting on June 17, 2016, in Indianapolis, Indiana. Register here.
May 25, 2016
May 23, 2016
The Appraisal Foundation: The Appraiser
Qualifications Board (AQB) will hold a Public Meeting in Las Vegas, NV on
Friday, June 24, 2016. Please take a moment to register for this meeting if you
plan to attend. The meeting is being held Friday, June 24, from 9 am - 12 pm at the Las Vegas Marriott, 325 Convention Center Drive, Las Vegas, NV. 89109. Click here to register.
May 18, 2016
May 17, 2016
USPAP Flexibility at a Glance: Click here to view.
The Appraisal Foundation: The
Appraiser Qualifications Board (AQB) seeks your input on an Exposure Draft of
Proposed Changes to the Real
Property Appraiser Qualification Criteria. The comment
deadline is June 17, 2016. The AQB will also accept comments at its next public
meeting in Las Vegas, Nevada on June 24 , 2016.
To access the exposure draft click here.
To register for the AQB public meeting in Las Vegas, Nevada, click here.
The Appraisal Foundation: On April 13, 2016, the ASB published the First Exposure Draft of proposed changes for the 2018-19 Uniform Standards of Professional Appraisal Practice (USPAP). Click here to view.
May 11, 2016
Fannie Mae's New FAQ's: Click here to view Fannie Mae's new Appraisal and Property Related FAQ's.
May 9, 2016
May 4, 2016
April 28, 2016
The Appraisal Foundation
1155 15th Street NW, Suite 1111
Washington, DC. 20005
The Appraisal Foundation: The Appraisal Foundation has issued the First Exposure Draft of proposed changes for the 2018-19 edition of the Uniform Standards of Professional Appraisal Practices.
The Appraisal Foundation: The Appraiser Qualifications Board (AQB) will hold a Public Meeting in Las Vegas, NV on Friday, June 24, 2016. To register click here.
The Appraisal Foundation: 2016 AQB Public Meetings
The Appraisal Foundation: On April 8, 2016, the Appraiser Qualifications Board (AQB) held a public meeting in Phoenix, AZ. The meeting provided the AQB opportunity to hear public comment in response to the Discussion Draft - Potential Areas of Change to the Real Property Appraiser Qualification Criteria (Criteria). In addition, the Board provided an update on the following AQB programs:
- June 24
- August 25 - Web-based
- November 18
The AQB received over 270 written comments in response to the Discussion Draft issued on February 11, 2016. The Discussion Draft contained potential areas of change to the Criteria, focusing on the following areas:
- National Uniform Licensing and Certification Examinations
- Course Approval Program
- Graduate/Undergraduate Degree in Real Estate Review Program
- Alternative Track for Licensed Residential to Certified Residential
- Enhanced Practicum Curriculum
- Documenting Alternative Experience
- "Trainee" Nomenclature
- Three-Year Supervisory Residency Requirement
To review the Discussion Draft and public comments on it, click here.
March 29, 2016
March 22, 2016
The Appraisal Foundation: The Appraisal Standards Board (ASB) has issued March Q&A's for the 2016-17 edition of USPAP on the following topics:
March 9, 2016
- Public Trust
- Appraising Two Lots as One (Prior Q&A 2015-12 Revised)
The Appraisal Foundation: On February 19, 2016 the Appraisal Standards Board (ASB) held its first public meeting this year. The
Board discussed the Discussion Draft – Potential Areas of Change for the
2018-19 edition of the Uniform
Standards of Professional Appraisal Practice, which includes
potential revisions, as needed, in the following areas of USPAP:
February 22, 2016
- Communication of Assignment Results
- STANDARD 6, Mass Appraisal, Development and Reporting
- Definition of assignment
- Review of the terms assumption and extraordinary assumption
- STANDARD 3, Appraisal Review, Development and Reporting
- Review of Standards Rules 7-2(c), SR 7-5, and 8-2(v)
- Review of Standards Rule 8-3
- Review of Advisory Opinions 1, 18, 21 and 31
- Other edits to improve clarity and enforceability of USPAP
The Board is also reviewing the overall presentation of USPAP,
considering its future format and design. The Board believes it is fulfilling
its work plan and addressing the needs of appraisers and users of appraisal
services by considering any potential revisions to USPAP.
Click here for the meeting summary.
The Appraisal Foundation: The Purpose of the Appraisal Practices Board (APB) and information regarding recent topics discussed. Click here to view article.
February 15, 2016
The Appraisal Foundation: The Appraisal Standards Board (ASB) has issued February Q&A for the 2016-2017 edition of USPAP on the following topics: Is Turnaround Time an Assignment Condition. Click here to view.
January 27, 2016
Working RE: AMC Fined Over C&R Fees. Click here to read. Posted with permission from Working RE.
January 20, 2016
June 17, 2016
NAIFA Issues White Paper on
FIRREA Title XI: NAIFA and ASA have authored a
white paper addressing the proposed redefinition of FIRREA Title XI.
NAIFA believes that the proposal under consideration would irreparably change
the current national appraiser regulatory and operational system.
To read the full White Paper,
click here. To read a covering
letter signed by NAIFA and ASA, click here. To read a one page
synopsis, click here. Finally, if your
organization would like to endorse the White Paper by becoming signatory,
please contact John D. Russell, JD, Director of Government Relations for NAIFA
and ASA, at email@example.com or 703-733-2103.
May 6, 2016
2016 National Conference: Registration is now open for the 2016 National Conference. For more information about the conference, click here. To register for the conference and take advantage of the early bird rates, click here.
January 5, 2016
AHP Insurance: NAIFA Members now have access to individual health insurance options. Click here to learn more.
December 29, 2015
NAIFA Weighs In on Appraisal Threshold Issue
The OCC, Board, and FDIC are conducting a review of the regulations they have issued in order to identify outdated or otherwise unnecessary regulatory requirements imposed on insured depository institutions, as required by the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA). EGRPRA requires the Agencies to organize the regulations into categories and publish groups of categories for comment. In a notice published in the Federal Register on December 23, 2015, the Agencies are seeking public comment on regulations in the following categories: Rules of Procedure; Safety and Soundness; and Securities.
Click here to view the December 23 Federal Register notice seeking stakeholder comments on several appraisal rules (including the appraisal threshold issue). Comments are due by March 22, 2016.
NAIFA has already submitted written comments on this issue, strongly opposing a threshold increase. Our letter to CFPB Director Cordray advises him of the Agencies’ clearly stated interest in considering a threshold increase and asks him what specific steps he intends to take pursuant to Dodd-Frank and when to review any such action. Our letter cites the statements of FDIC officials showing their interest in a threshold increase and urges that the Bureau intervene in the process now. NAIFA members are encouraged to review the issue and express your thoughts directly to the responsible Federal Agencies.
November 23, 2015
A La Mode Give Back Code: While making any A La Mode purchase be sure to enter the code AFFNAIFA at checkout and A La Mode will give back 1% of proceeds to NAIFA.
October 28, 2015
2015 Award Winners:
Educator of the Year - Nena W. Henderson, IFA
Appraiser of the Year - Lou Bonato, IFA
Paul A. Wetzel Outstanding Service Award - Terry Clark, IFA
New Line Officers:
President Elect - Dave Doering, IFA
Treasurer - Rob Luciani, IFA
New Board Members:
Michael Lange, Sr., IFAC
Gregory Zieba, IFAS
Managing your NAIFA profile:
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