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Real Estate Appraiser
REAL ESTATE APPRAISAL EXPERIENCE LOG Bureau of Professional Licensing Authority: 1980 PA 299 PO Box 30670 ● Lansing, MI 48909 Telephone: (517) 241-9288 www.michigan.gov/bpl [email protected] APPLICANT NAME: LICENSE #: Instructions: Copy as needed. Add entries in chronological order. The use of this form is not mandatory, but information requested must be provided to document appraisal experience as required by the Michigan Occupational Code, PA 299 Type of Check applicable description of work performed Total Hours Property Report S.R. 2- Complexity of 1980. ASSIGNMENT IDENTIFICATION Instructions: Under Property Type, indicate VL for Vacant Land, IND for by indicating A or S Requested Industrial or C1 for Single-Tenant Comm ercial Properties or CM for Multiple-Tenant Commercial Properties, R1 for Type 2 (a) (b) Single Family Residential & RM for 2-4 Family Residenti al Properties. All appraisal reports must indicate which tasks the Applicant (A) and Supervisor (S) completed. Separate experience logs shall be maintained/submitted for each supervising appraiser if applicable. on Date of Report & Number, if applicable Property Address, City, State, Zip Code Separate Page Other: Explain spection was Supervised Date Number In A S A S A S A S A S A S A S Supervisor Certification Total This Page: By signing the Supervisor Certification below I acknowledge that it is the joint responsibility of both the Supervisory Appraiser and the Applicant to ensure the experience log is accurate, current, and complies with all applicable laws, administrative rules, and applicable regulations for the appraiser profession. I certify that I have completed a course that, at a minimum, complies with the specifications for course content established by the TOTAL HOURS: AQB, which is specifically oriented to the requirements and responsibilities of Supervisory Appraisers and Trainee Appraisers. -
ARCH MORTGAGE INSURANCE COMPANY NAIC Group Code.....1279, 1279 NAIC Company Code
PROPERTY AND CASUALTY COMPANIES - ASSOCIATION EDITION *40266201920100101* QUARTERLY STATEMENT As of March 31, 2019 of the Condition and Affairs of the ARCH MORTGAGE INSURANCE COMPANY NAIC Group Code.....1279, 1279 NAIC Company Code..... 40266 Employer's ID Number..... 36-3105660 (Current Period) (Prior Period) Organized under the Laws of WI State of Domicile or Port of Entry WI Country of Domicile US Incorporated/Organized..... December 30, 1980 Commenced Business..... December 31, 1981 Statutory Home Office 33 East Main Street, Suite 900 .. Madison .. WI .. US .. 53703 (Street and Number) (City or Town, State, Country and Zip Code) Main Administrative Office 230 North Elm Street .. Greensboro .. NC .. US .. 27401 336-373-0232 (Street and Number) (City or Town, State, Country and Zip Code) (Area Code) (Telephone Number) Mail Address Post Office Box 20597 .. Greensboro .. NC .. US .. 27420 (Street and Number or P. O. Box) (City or Town, State, Country and Zip Code) Primary Location of Books and Records 230 North Elm Street .. Greensboro .. NC .. US .. 27401 336-373-0232 (Street and Number) (City or Town, State, Country and Zip Code) (Area Code) (Telephone Number) Internet Web Site Address www.archmi.com Statutory Statement Contact Jeffrey Wayne Shaw 336-412-0800 (Name) (Area Code) (Telephone Number) (Extension) [email protected] 336-217-4402 (E-Mail Address) (Fax Number) OFFICERS Name Title Name Title 1. Robert Michael Schmeiser # President & Chief Executive Officer 2. Sara Fitzgerald Millard Executive Vice President, General -
Report on Rent Control (1981)
Citizens League Report on Rent Control Prepared by Special Studies Task Force Donald Van Hulzen, Chairman Approved by Citizens League Board of Directors February 18,1981 Citizens League 530 Syndicate Building Minneapolis, MN 5 5402 (612) 338-0791 INTRODUCTION We were asked by the Citizens League Board of Directors in to deal only with rent control, and that took almost all of the fall of 1980 to develop and recommend a League our time. position on rent control. Our charge instructs us to (a) become familiar with the facts on the price of rental We don't fully understand what is happening, but there are housing and how rents have increased in comparison with some signs which indicate that the financial burden ques- other essential living expenses; (b) try to understand tion will emerge as a far more serious issue in the 1980s specific problems to which rent control proposals are being than many persons now recognize. In most income cat- addressed, and reach conclusions on the extent to which egories, housing will be claiming a larger portion of the these problems would be met through rent control; (c) household budget. Persons most significantly affected will become familiar with the extent to which rent control is in be those of low income who are using current income to existence elsewhere in the nation, and the results in these pay for housing, whether through rent or mortgage pay- locations; and (d) determine the impact which rent control ments. would have on maintenance of rental dwellings, new construction of rental dwellings, housing demand in parts Most of us are familiar with the fact that higher energy of the metropolitan area without rent control, supply and prices, higher interest rates and higher inflation rates have cost of housing for low md moderate-income households, resulted in significant increases in housing costs. -
TIAA-Real Estate 03.31.2021-10Q
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________to __________ Commission file number: 33-92990; 333-237134 TIAA REAL ESTATE ACCOUNT (Exact name of registrant as specified in its charter) New York (State or other jurisdiction of incorporation or organization) NOT APPLICABLE (I.R.S. Employer Identification No.) C/O TEACHERS INSURANCE AND ANNUITY ASSOCIATION OF AMERICA 730 Third Avenue New York, New York 10017-3206 (Address of principal executive offices, including zip code) Registrant’s telephone number, including area code: (212) 490-9000 (Former name, former address and former fiscal year, if changed since last report) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐ Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). -
Integra Realty Resources Phoenix Appraisal of Real Property 26.57
Integra Realty Resources Phoenix Appraisal of Real Property 26.57 Acres Vacant Land Vacant Land Southeast side of State Route 66, Northwest of the Burlington Northern Santa Fe Railroad Unincorporated, Mohave County, Arizona 86401 Client Reference: TO‐21‐023 Project: M697501X; ADOT Parcel L‐K‐038C Prepared For: ADOT Right of Way Operations Effective Date of the Appraisal: November 16, 2020 Report Format: Appraisal Report – Comprehensive Format IRR ‐ Phoenix File Number: 132‐20‐301 I 0.48 Acres vacant Land Southeast side of State Route 66, Northwest of the Burlington Northern Santa Fe Railroad Unincorporated, Arizona Integra Realty Resources 2999 North 44th Street T 602.266.5599 Phoenix Suite 512 F 602.266.1515 Phoenix, AZ 85018 www.irr.com November 30, 2020 Mr. Timothy F. O'Connell, Jr. Appraisal Section Supervisor ADOT Right of Way Operations ADOT Mail Room, 1655 W. Jackson Street Phoenix, AZ 85007 SUBJECT: Market Value Appraisal 0.48 Acres vacant Land Southeast side of State Route 66, Northwest of the Burlington Northern Santa Fe Railroad Unincorporated, Mohave County, Arizona 86401 Client Reference: TO‐21‐023 Project: M697501X IRR ‐ Phoenix File No. 132‐20‐301ADOT Parcel L‐K‐038B Dear Mr. O'Connell: Integra Realty Resources – Phoenix is pleased to submit the accompanying appraisal of the referenced property. The purpose of the appraisal is to develop an opinion of the market value of the fee simple interest in the property. The client for the assignment is ADOT Right of Way Operations, and the intended use is for property disposition purposes. The subject is a parcel of vacant land containing an area of 0.48 acres or 20,844 square feet. -
Principles of Eminent Domain
Principles of Eminent Domain House Joint Resolution No. 34 Proposed Legislation Volume I1 Legislative Environmental Quality Council Eminent Domain Subcommittee Public Benefits and Private Rights: Countervailing Principles of Eminent Domain Proposed Legislation September 2000 Environmental Quality Council Members House Members Senate Members Representative Paul Clark Senator Mack Cole Representative Kim Gillan, Vice-Chair Senator William Crismore, Chair Representative Monica Lindeen* Senator Bea McCarthy Representative Doug Mood Senator Ken Mesaros Representative Bill lash Senator Barry "Spook" Stang Representative Cindy Younkin Senator Jon Tester Public Members Governor's Representative Mr. Tom Ebzery Ms. Julie Lapeyre Ms. Julia Page Mr. Jerry Sorensen Mr. Howard F. Strause Law, Justice, and Indian Affairs Committee Members on Eminent Domain Subcommittee Representative Gail Gutsche Representative Dan McGee Representative Jim Shockley *Eminent Domain Subcommittee merr~bersare noted in italics Legislative Environmental Policy Off ice Staff Todd Everts, Legislative Environmental Analyst; Larry Mitchell, Resource Policy Analyst; Mary Vandenbosch, Resource Policy Analyst; Krista Lee, Resource Policy Analyst; Maureen Theisen, Publications Coordinator; State Capitol, P.O. Box 20 1704, Helena, MT 59620- 1 704; (406) 444-3742; http://leg.state.mt.us Eminent Domain Study Staff Krista Lee, Resource Policy Analyst, Legislative Environmental Policy Office; Gordon Higgins, Research Analyst, Legislative Services Division; Greg Petesch, Chief Legal Counsel, Legislative Services Division 'The bill drafts in this report are in the form in which they were adopted by the Environmental Quality Council at its September 2000 meeting. For the most current versions of these bills, call the Legislative Environmental Policy Office at (406) 444- 3742 or view the online version by choosing Legislative Info from the State of Montana homepage, then 2001 Session. -
Appraisal Inflation and Private Mortgage Securitization
2021 ABFER Conference Appraisal Inflation and Private Mortgage Securitization Moussa Diop – University of Southern California Abdullah Yavas – University of Wisconsin Shuang Zhu – Kansas State University 1 Background • From 2001 to 2006, non-agency originations increased from $680 billion to $1.480 trillion (118% increase) and non-agency MBS issuance increased from $240 billion to $1.033 trillion (330% increase). • While private label mortgages constituted about 15% of all outstanding mortgages in 2009, they made up more than half of the foreclosure starts (Piskorski et al., 2010). • The surge in private label mortgage securitization prior to the financial crisis fueled a large expansion in mortgage credit supply (Mian and Sufi, 2019). 2 Question and Motivation We investigate the relationship b/w appraisal inflation and securitization • Inflated appraisal leads to insufficient collateral, underestimated LTV ratio, and higher loss severity in case of default. • Growing body of evidence suggesting widespread appraisal inflation in the run-up to the housing market crash and directly linking it to the foreclosure crisis (Cho et al. 1996; Chinloy et al. 1997; Calem et al. 2015; Piskorski et al. 2015; Shi and Zhang 2015; Ding and Nakamura 2016; Kruger and Maturana 2016, 2019; Eriksen et al. 2019). • Lenders may have strong incentives to press appraisers to inflate appraisals for loans intended for sale. • Appraisal inflation is a major source of soft/private information that creates a potential for adverse selection problems in mortgage securitization 3 Contribution • Griffin and Maturana (2016) estimate that over 45 percent of privately securitized loans have inflated appraisals. • Kruger and Maturana (2019) document that privately securitized mortgages with inflated appraisals are more likely to default and incur higher losses. -
Guide to Taking Mortgages in Moldova [EBRD
2008 Guide to taking mortgages in Moldova Guide to taking mortgages in Moldova Prepared by A.C.I. Partners European Bank for Reconstruction and Development Chisinau, 2008 © ACI Partners, 2008 © European Bank for Reconstruction and Development, 2008 All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, including photocopying and recording, without the written permission of the copyright holders. Such written permission must also be obtained before any part of this publication is stored in a retrieval system of any nature. This publication has been made possible thanks to the generous support of the Swiss Government. The information and expression of opinions in this guide are not intended to constitute legal advice and should not be treated as a substitute for specific advice concerning individual situations. As the law related to the area of security is complex, we strongly recommend seeking legal advice when contemplating specific transactions. INTRODUCTION ....................................................................................................................................4 An explanation of the terms used......................................................................................................4 Key features of new legislation..........................................................................................................5 Laws governing mortgages................................................................................................................5 -
3133-AE98 Real Estate Appraisals AGENCY
7535-01-U NATIONAL CREDIT UNION ADMINISTRATION 12 CFR Part 722 RIN: 3133-AE98 Real Estate Appraisals AGENCY: National Credit Union Administration (NCUA) ACTION: Final rule SUMMARY: The NCUA Board (Board) is amending the agency’s regulation requiring appraisals for certain residential real-estate related transactions. The final rule increases the threshold level below which appraisals are not required for residential real-estate related transactions from $250,000 to $400,000. Instead of an appraisal, and consistent with the requirement for other transactions that fall below applicable appraisal thresholds, federally insured credit unions (FICUs) are required to obtain written estimates of market value of the real estate collateral consistent with safe and sound practices. For ease of reference, this final rule explicitly incorporates the existing statutory requirement that appraisals be subject to appropriate review for compliance with the Uniform Standards of Professional Appraisal Practice (USPAP). This final rule is consistent with the final rule, effective October 9, 2019, issued by the Board of 1 Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency (federal banking agencies) that increases the threshold level at or below which appraisals are not required for residential real estate transactions from $250,000 to $400,000. DATES: The final rule is effective [INSERT DATE OF PUBLICATION IN THE FEDERAL REGISTER]. FOR FURTHER INFORMATION CONTACT: Technical information: Kenneth Acuña, Senior Credit Specialist, (703) 518-6613, Office of Examination and Insurance Uduak Essien, Director - Credit Markets, (703) 518-6399, Office of Examination and Insurance Legal information: Gira Bose, Staff Attorney, (703) 518-6562, Office of General Counsel National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314. -
February 5, 2019 Legislative and Regulatory Activities Division Robert E. Feldman, Executive Secretary Office of the Comptrolle
February 5, 2019 Legislative and Regulatory Activities Division Robert E. Feldman, Executive Secretary Office of the Comptroller of the Currency Attention: Comments/Legal ESS 400 7th Street, SW Federal Deposit Insurance Corporation Suite 3E-218 550 17th Street, NW Washington, DC 20219 Washington, DC 20429 Ann E. Misback, Secretary Board of Governors of the Federal Reserve System 20th Street and Constitution Avenue, NW Washington, DC 20551 Re: RIN 3064-AE87—Real Estate Appraisals (FDIC) To the Federal Banking Agencies: Thank you for the opportunity to comment on the interagency proposed rule increasing the threshold at which residential mortgages require an appraisal from $250,000 to $400,000. The Center for Responsible Lending opposes the proposal. According to the agencies, the proposed rule would exempt 72% of regulated transactions from the appraisal requirement. The proposed threshold amplifies the danger of inflated home values, increasing the likelihood of negative impact on consumers. I. Quality Appraisals are Essential to Safe Lending Mortgages without an appraisal that conform with the Uniform Standards of Professional Appraisal Practice (USPAP) heightens risks for the borrower, lender, investors, communities, and the overall economy. Inflated appraisals leave borrowers with unaffordable loans that they cannot refinance because the loan amounts are higher than the true value of their homes. Additionally, when a lender forecloses on a borrower who is underwater, the lender is unable to sell the property for enough to cover the unpaid mortgage balance. This can leave borrowers with hefty deficiency judgments and neighborhoods with unoccupied and unsellable homes. Appraisal fraud and the lack of adequate regulation in the appraisal market was one of the roots of the subprime mortgage crisis.1 The intentional inflation of home appraisals is an extremely harmful practice on its own. -
Real Estate Syndication: Property, Promotion, and the Need for Protection
THE YALE LAW JOURNAL VOLUME 69 APRIL 1960 NUMBER 5 REAL ESTATE SYNDICATION: PROPERTY, PROMOTION, AND THE NEED FOR PROTECTION CURTIS J. BERGERt READERS of the June 29, 1958, edition of the Mew York Times may have puzzled over a sixteen page advertising supplement urging them to buy units in a syndicate that would soon acquire the leasehold on one of Manhattan's prominent office buildings.' For many, this was their first glimpse of syndica- tion-a technique that has become the vogue in real estate investment.2 Syn- tInstructor in Law, Yale Law School 1959-1960. The author is indebted for assistance in research on a portion of this Article to Mr. Donald P. Horwitz, a third-year student at the Yale Law School. 1. N.Y. Times, June 29, 1958, § 10. The promoters of Motors Building Realty Com- pany sought to raise $5,780,000 to acquire the leasehold of the General Motors Building. 2. Towards the end of WVorld War II, several forces ended the doldrums which had characterized real estate investment throughout the 1930's and early 1940's. Individual sav- ings accumulated during the war sought investment outlets. U.S. BunRAu oF THE CEN- sus, DEP'T OF ComimRce, STATISTICAL ABSTRACT OF THE UNrED STATES 436, 457 (1956). Lending institutions were ready to disgorge, often at bargain basement values, their de- pression-acquired foreclosed realty holdings. Mfunicipally-owned land, the product of de- pression tax foreclosures, became attractively available to developers. The governmental stimulus of insured or guaranteed mortgages, National Housing Act, 48 Stat. 1246 (1934), as amended, 12 U.S.C. -
Real Estate Appraisal a Study of Real Estate Appraisers in Sweden
J ÖNKÖ PING I NTERNATIONAL B USINESS S CHOOL JÖNKÖPING UNIVERSITY Real Estate Appraisal A Study of Real Estate Appraisers in Sweden Master of Science Thesis within Business Administration Author: Andersson, J. Fredrik Landberg, R. Robert Tutor: Magnus Hult, Econ Lic Examiner: Gunnar Wramsby Jönköping June 2005 J ÖNKÖ PING I NTERNATIONAL B USINESS S CHOOL JÖNKÖPING UNIVERSITY Fastighetsvärdering En studie av fastighetsvärderare i Sverige Filosofie Magisteruppsats inom Företagsekonomi Författare: Andersson, J. Fredrik Landberg, R. Robert Handledare: Magnus Hult, Ekon Lic Examinator: Gunnar Wramsby Jönköping Juni 2005 Acknowledgements All along the work process with this Master of Science thesis we have achieved assistance, recommendations and comments from various helpful people. Fredrik and Robert feel privileged and glad for all contribution. We especially feel that there are some persons we gladly would like to give a special thank to. First, we would like to show our gratitude towards all the respondents that took the time to sit down and share their thoughts to us. The Swedish real estate appraisers that participated in our study were: Bengt Eriksson, Hans Hurtig, Åsa Håkansson, Hanna Lassing, Åsa Linder Modig, Sigvard Lundin, Bengt Norefalk, Karin Svensson and Hans Voksepp. To the professor Stellan Lundström at the Royal Institute of Technology (KTH) we would like to express special thanks to. Thanks to all of the respondents that made their contribution to our study and for allowing us to visit you and for providing us with many fascinating aspects during the interviews. We sincerely hope we have acted as good representatives and ambassadors for Jönköping International Business School.