Federal Flood Insurance Premiums on the Rise in Flood-Prone Areas

federal flood insurance

The Trump administration’s changes to federal flood insurance could mean rising premiums in flood-prone areas. By altering the way risk is calculated under the National Flood Insurance Program (NFIP), the proposed plan could cause property values to fall and hurt communities with higher flood risks. According to Bloomberg, FEMA plans to use private-sector data to […]

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The Future of Fannie Mae and Freddie Mac: What Will 2019 Bring?

Freddie Mac

Fannie Mae and Freddie Mac, the two major government-sponsored players in mortgage lending, made headlines this past quarter as talk of a potential phase-out and an end to the FHFA conservatorship sparked questions and concerns for 2019. Conservatives Call for a Phase Out MarketWatch reported talk of phasing out both enterprises from the housing sector […]

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What Does the Replacement of LIBOR Mean for You?

Libor Rate

Plans to phase out LIBOR by 2021 mean regulators are looking to establish a replacement rate sooner rather than later. LIBOR, the London Interbank Offered Rate, is the benchmark interest rate at which banks lend funds to other banks in the international interbank market for short-term loans. The benchmark boasts more than $350 trillion of […]

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The Beginner’s Guide to USPAP

USPAP

If you’re a non-appraiser, you probably aren’t considering the USPAP. But this document of appraisal standards is incredibly influential on how you manage the appraisal and evaluations for your financial institution. To help you understand the basics you need to know to optimize your internal procedures, we’ve created a guide to outline the vital information […]

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5 Things You Might Not Know About Cryptocurrency

Cryptocurrency

Cryptocurrency: Everywhere you look, there it is. Businesses are offering for you to purchase items with it. Banks and credit unions are investing in it. The financial world is, simply put, obsessed with it. And despite it being a fairly new technology, every time anyone looks, it keeps getting more and more relevant.So what exactly […]

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Appraisal Compliance: What You Need To Know [Upcoming Webinar Series]

Appraisal Compliance Webinars

Appraisal compliance — it’s been the buzzword for the last decade. With banks required to manage more and more requirements on the same budgets, with the same teams, it’s never been more crucial for financial institutions to establish a process that works correctly from the get-go. But before you can establish a foolproof process, there […]

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How Dodd Frank is Impacting Community Banks

Dodd Frank

The Dodd Frank regulations created and adopted after the financial crisis of 2008 have finally started to roll back, thanks to the new reforms approved just this year. With the early feedback that the community banking sector will be most affected by the regulation changes, we talked with Roger Shumway, Executive Vice President & Chief […]

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Q2 Financial Regulations Recap: Blockchain, ECOA, OCC Updates & More

Financial Regulations

There’s no doubt about: Summer is in full swing! From the constant stream of “out of office” replies to the sweltering temps outside — it’s clear we’re in the heat of things. As Q2 comes to a close, we’re highlighting the top industry stories, from the implementation of the new BSA regulations to how blockchain […]

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Process or Checklist: The Nitty Gritty of an Appraisal Review

appraisal review

While historically banks focused just on the appraisal, in the past decade, the appraisal review has become a more significant part of the appraisal process. At its core, an appraisal review is used to investigate, analyze, and verify the logic and procedures of an appraisal. Not only does a review ensure appraisals are prepared completely […]

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Who’s Responsible for Appraisal Fees? — It Pays to Know

Appraisal Fees

Whether you are the borrower, appraiser, lender, or the AMC—it pays to know just who is responsible for appraisal fees in real estate transactions. Because there are so many parties involved, it’s not always intuitive and many times not all of the parties involved in the transaction are on the same page regarding payment arrangements […]

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