Both the House and Senate are in session this week. What issues should REALTORS® follow? Terrorism Risk Insurance Program Reauthorization (NAR Statement); Unmanned Aircraft Systems Security; Collection of Beneficial Ownership Information (NAR Questions Likely); and Home Appraisal Industry (NAR Staff Attending).
Comments on the North Dakota's request for a waiver of appraiser credentialing requirements must be received by the Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council (FFIEC) on or before July 1, 2019.
As of May 16, 2019, the Department of Veteran's Affairs will require that the ordering of an appraisal related to the VA Home Loan program must have the Certificate of Eligibility (COE) be in "Active or Pending" status.
NAR submitted comments to the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively “the Agencies”) on a the threshold for requiring an appraisal in commercial real estate transactions to $400,000 from the current level of $250,000.
Despite rising prices, the share of investor and vacation home buyers has held steady in the past two years, with investors making up 15 percent of existing home buyers in February 2018, according to the February 2018...