Mid-year commentary predicts notable changes for the appraisal market, partly due to the recent Dodd-Frank rollback bill. Democratic Senators threaten to freeze Trump’s nominee for the new director of the CFPB. The “Appraisers” page on Fannie Mae’s website seeks to help appraisers by giving them access to resources and answers at their fingertips. The demand for agricultural appraisers grows. Keep reading for the latest in appraisal news.
Change is coming for the U.S. appraisal market
According to this 2018 mid-year commentary, “The Appraisal world is under intensifying pressure that will likely accelerate the pace of M&A consolidation.” It names the Dodd-Frank rollback as a potential catalyst for consolidation among appraisers and AMCs. While the bigger captive AMCs seem to have satisfied their acquisition appetite for the time being, newcomers are now gaining ground. Read the full commentary here.
Democratic Senators threaten to freeze Trump’s CFPB nomination
On Wednesday, President Trump officially nominated Kathy Kraninger as the next director of the Consumer Financial Protection Bureau (CFPB). But Democratic Senators Elizabeth Warren and Sherrod Brown are demanding answers regarding Kraninger’s role in the Trump Administration’s “zero-tolerance” policy for illegal immigrants trying to enter the U.S. Warren is threatening to freeze out the nomination until Kraninger provides further info and documentation. Learn more here.
Fannie Mae’s Appraisers page builds stronger communication
The Appraisers page on Fannie Mae’s website is not new. Yet many appraiser’s don’t know it exists. Earlier this week, Appraisal Buzz interviewed Julie Jones, Collateral Policy & Strategist at Fannie Mae. Jones explains that the Appraisers page is designed to provide appraisers with helpful resources and answers to common questions. She recommends the FAQs section as a great go-to resource if you’re trying to find answers on a specific appraisal topic.
Demand grows for farm appraisers
Currently, farm appraisal is a profitable field in many parts of the U.S. This is largely due to the fact that the pool of experts is dwindling and aging. (Based on a recent survey completed by McKissock, 16% of licensed appraisers specialize in farm appraisal.) However, it’s a challenging field, at a time when transactions are slow and comparables are hard to find in some markets. The consensus among farm appraisers: the water’s fine! Read the full story here.