June 4

Elisa O’Donovan to run for Social Democrats

first_img Previous articleCouncil appeal to keep tragedy off the roadsNext articlePatient numbers rising at city injury unit Alan Jacqueshttp://www.limerickpost.ie Print Linkedin Email Twitter NewsElisa O’Donovan to run for Social DemocratsBy Alan Jacques – December 28, 2018 2405 center_img Elisa O’Donovan who is organising Limerick’s first Aquathon on July 26.Photo: Eoin RaffertyTHE Limerick Branch of the Social Democrats have chosen well-known local activist and founder of the Swimable Limerick scheme, Elisa O’Donovan, to run as their City West candidate in next May’s local elections.Her selection means that for the first time the Social Democrats will field a candidate in each of the Limerick City wards.Sign up for the weekly Limerick Post newsletter Sign Up Elisa is an active member of the Limerick City community, from running initiatives such as Speakers Corner, to collecting litter with the Limerick City Residents Association or engaging in a campaigns for a ‘liveable Limerick’.As well as her civic activism, Elisa is completing a Masters in Speech and Language Therapy at the University of Limerick and works as the Local Area Coordinator for Headway in Limerick City.Passionate about health and fitness, as well as providing good supports and services on a community basis, she plans to bring her boundless energy and enthusiasm for change to work with and for the people of Limerick City West.“I am so excited to be a part of the Social Democrat movement in Limerick City. We desperately need fresh, progressive voices in Limerick council to achieve the significant potential it has for making real changes in the lives of Limerick people,” she said. WhatsApp Facebook Advertisementlast_img read more

May 31

FHFA Examines the Appraisals Process

first_img  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / FHFA Examines the Appraisals Process The FHFA has released a new paper, authored by Jessica Shui and Shriya Murthy, that examines how appraisals conducted by appraisal management companies compare to those conducted by lenders themselves. What’s the verdict? According to the FHFA paper, “the results indicate no clear evidence of any systematic quality differences between appraisals associated and unassociated with AMCs.” In other words, the FHFA data suggests that the appraisal results provided by AMCs are statistically very similar to those provided by lenders working without a middleman.According to the FHFA paper, the theoretical advantages of lenders employing an AMC include providing extra quality assurance to the appraisal process, providing a firewall to prevent lenders from pressuring appraisers, and providing both reduced credit risk and management time for lenders. Critics of AMCs, however, argue that AMCs “offer no quality assurance contribution,” set unrealistic deadlines for appraisers, and contribute to an overall shortage of appraisers in the market. The FHFA paper argues that the latter factor occurs due to the AMCs taking a cut of the payments to appraisers, resulting in lower appraiser compensation that attracts fewer workers to the field. This, in turn, can “lead to delayed closings and rush fees that increase costs to homebuyers,” according to the report.“Our analysis indicates that, when compared to non-AMC appraisals, AMC appraisals generally demonstrate a similar degree of overvaluation,” states the FHFA report. “At the same time, AMC appraisals are seen to be more prone to contract price confirmation and super-overvaluation. Beyond valuation statistics, AMC and non-AMC appraisals seem to share a similar propensity for mistakes, a somewhat-unexpected finding given that the former tend to use a greater number of comparable properties.”The FHFA study involved a dataset drawn from GSE data and stretching from Q4 2012 to Q1 2016. The dataset includes over 5 million appraisals conducted within that period, with 3.7 million done by AMCs and 1.6 million done by non-AMC appraisers.The study came away with four main conclusions. First, both AMC and non-AMC appraisals “share a similar average degree of overvaluation, as captured by the percentage gap between the appraised value and the contract price.” Second, a similar ratio of mistakes was found within each category. Third, AMC appraisals were “more prone to contract price confirmation and ‘super-overvaluation,’” in spite of, fourth, “employing a significantly greater number of comparable properties on average.”A 2017 white paper released by HouseCanary highlighted both the importance of accurate appraisals and the increasing role technology will play in the sector going forward. “The future of appraisals is already signaling a sea change for nearly every segment of the real estate industry, and the signal is only growing louder,” the study noted. “We are not far from a time when investors can see the potential aggregated rental yield of a nationwide portfolio in a matter of minutes—or get a value estimate for a property they see on their morning commute using nothing more than a mobile phone app.”You can read the full FHFA working paper by clicking here. Tagged with: AMCs Appraisal Management Companies Appraisals Federal Housing Finance Agency FHFA real estate appraisals Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save AMCs Appraisal Management Companies Appraisals Federal Housing Finance Agency FHFA real estate appraisals 2018-03-26 David Wharton Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: David Wharton Demand Propels Home Prices Upward 2 days ago Related Articles FHFA Examines the Appraisals Processcenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Previous: Millennials Spend Nearly $100,000 on Rent by Age 30 Next: Why Is Morale Declining in Homebuying Market? David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] in Daily Dose, Featured, Government, Journal, Market Studies, News, REO, Servicing The Best Markets For Residential Property Investors 2 days ago March 26, 2018 5,755 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribelast_img read more