Real Estate Appraisals: Appraisal Subcommittee Needs to Improve Monitoring Procedures

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Our Price: $25.00

By William B. Shear (au)
Year: 2012
Pages: 72
Binding Paperback
ISBN 978-1-4378-2765-5

Product Code: 1457827654

Description

Real estate appraisals have come under increased scrutiny in the wake of the recent mortgage crisis. Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 created an oversight structure for appraisals and appraisers that involves state, federal, and private entities. This structure includes ASC, a federal agency responsible for monitoring these entitiesäó» Title XI-related activities. The Dodd-Frank Act expanded ASCäó»s Title XI role. This report discusses: (1) how ASC is carrying out its original Title XI responsibilities; (2) ASCäó»s actions and plans to implement Dodd-Frank Act provisions; and (3) regulatory dollar thresholds for determining when an appraisal is required. Charts and tables. This is a print on demand report.

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