By Ernest A. Demba, FASA, ARM-RP Real Property Discipline Governor As one of your Real Property representatives on the Board of Governors (BOG), I want to take this opportunity to urge you to cast your vote -“YES”- to unify the real property valuation profession. By voting YES, you vote to merge the NAIFA and the […]
Editor’s Note: The American Society of Appraisers is an organization of close to 5,000 respected, professional appraisers, many of whom are distinguished in their fields for their proficiency, knowledge and expertise. ASA is honored to have extraordinary members one of which is Dr. Jack P. Friedman, ASA. Dr. Friedman has written and co-authored more than […] […]
Editor’s Note: The American Society of Appraisers (ASA), the original multidisciplinary valuation society, and the National Association of Independent Fee Appraisers (NAIFA), the leading voice for independent professional real estate appraisers, have announced that they have reached an agreement to move forward with a Memorandum of Understanding leading to t […]
On July 19-21, 2017, ASA attended the nation’s largest gathering of paralegals at the 2017 NALA Conference & Expo in Orlando, Florida. Providing a rich selection of industry experts and concurrent sessions, this conference tailored to the needs of both attendees and exhibitors. ASA was represented by Jennifer Aguilar, ASA’s Marketing and Communications A […]
The American Society of Appraisers’ highly demanded onsite courseshave been held in various locations in the past few months. This convenient and cost effective program provides a unique educational experience that can be customized to meet the organization’s individual need. Onsite courses were held for Duff & Phelps, LLC in New York City, USA; the […] […]
Get ready to gain an advanced level of confidence when inspecting mine and mill operations with ASA’s Identification and Appraisal of Mining and Mineral Processing Equipment (ME214) course being held on September 13-15, 2017 in Tucson, Arizona. This advanced class is designed for appraisers who specialize in the mining industry and professionals looking to l […]
For the fifth year running, the Personal Property discipline of the American Society of Appraisers partnered again this summer with Purchase College, SUNY, to offer an accelerated education program for appraisers that was held on June 3-18, 2017. This intensive “Summer Camp” enabled students to earn their Purchase College Certificate in Appraisal Studies in […]
Every month the American Society of Appraisers (ASA) regularly connects with more than a million individuals around the world, including ASA members, allied professionals, referral sources, government officials, news media and consumers. Interacting on such a large scale is possible due to a variety of technology-driven marketing mediums, including online ad […]
The American Society of Appraisers participated in the 26th Annual Consultants’ Conference on June 7-10, 2017 at the Swissotel Chicago in Chicago, IL. This annual event, hosted by the National Association of Certified Valuators and Analysts, featured compelling speakers highlighting important topics. Speakers and topics included Carl A. Steffen, ASA with Ind […]
Jack Beckwith, ASA, ASA’s representative on the IVS Advisory Forum Working Group, participated in the June Meeting in London to review the Draft Paper on Adoption by mid-2020 of the International Valuation Standards. Sir David Tweedie, Chairman of the IVSC’s Board, emphasized that the purpose and intent of adopting the 2017 Edition of Standards by […]
The Appraisal Institute announced March 25 that it attended several high-profile events throughout the month, which helped the organization enhance its role as the valuation profession’s thought leader.
The Appraisal Institute California Government Relations Committee announced March 24 a legislative campaign to amend the state’s appraisal license law to allow state-licensed appraisers to use valuation standards other than the Uniform Standards of Professional Appraisal Practice when performing appraisals for any purpose other than for federally related tra […]
Delinquency rates for commercial mortgage-backed securities fell for the fourth consecutive month in February to 5.58 percent, analytics firm Trepp reported March 19. Experts said that the declining number of delinquencies and a healthy dose of new issuances indicate a strong year for CMBS.
Wells Fargo and JPMorgan Chase were the top commercial/multifamily lenders in 2014, according to the Mortgage Bankers Association’s report, Commercial Real Estate/Multifamily Finance Firms — Annual Origination Volumes, MBA NewsLink reported March 19. The report lists origination volumes in more than 140 categories and ranks 127 different commercial/multifami […]
Foreclosures decreased by 4 percent between January and February, marking the lowest level of foreclosures since August 2006, analytics firm RealtyTrac reported March 19. The report noted the decrease is a sign that the housing market is on track to return to historic norms.
Average fixed mortgage rates moved down during the past week, with the average 30-year fixed mortgage rate continuing to hover below 4 percent, Freddie Mac reported March 19 in its weekly Primary Mortgage Market Survey.
Mortgage lenders are optimistic about the housing market, saying they expect increased mortgage demand and larger profits over the next three months, Fannie Mae reported March 18 in its Mortgage Lender Sentiment Survey. The survey also noted that credit tightening has gradually eased up over the last few months.
Some California farmers are finding that their water has greater value than their land, and so instead of planting crops they are selling their water rights — for as much as $700 per acre foot — to Southern California communities, CBS San Francisco reported March 17.
A bipartisan group of senators, including members of the Senate Banking committee, are fighting against the federal government’s use of Fannie Mae and Freddie Mac’s guarantee fees to cover federal spending, HousingWire reported March 17. The senators said the practice is a “back-door tax” on homeowners.
The Federal Reserve, citing its confidence in the U.S. economy, set the stage March 18 for its first rate hike since 2006 — at the same time it slightly downgraded its economic outlook, USA Today reported. The Fed said growth “had moderated somewhat” due to several factors, including a sluggish housing market.
Fannie Mae and Freddie Mac may need another taxpayer bailout due to increased risks caused by shrinking reserves, according to a report from the Federal Housing Finance Agency Office of Inspector General, Reuters reported March 18. The government-sponsored enterprises received a $187 billion taxpayer bailout in 2008.
Illinois Coalition of Appraisal Professionals
ICAP is one of the nation’s oldest and largest coalition of professional appraisers, established in 1994 to be a unified voice for Real Estate Appraisers in the State of Illinois.