Commercial Appraiser;
Thanks!
Curtis D. Harris, BS, CGREA, REB
Bachelor of Science in Real Estate, CSULA
State Certified General Appraiser
Real Estate Broker
ASTM E-2018 Commercial Real Estate Inspector
HUD 203k Consultant
HUD/FHA Real Estate Appraiser/Reviewer
FannieMae REO ConsultantCTAC LEED CertificationThe Harris Company, Forensic Appraisers and Real Estate Consultants
*PIRS/Harris Company and the Science of Real Estate-Partners*630 North Sepulveda Boulevard, Suite 9A, Number 702
El Segundo, CA. 90245
310-337-1973 Office
310-251-3959 Cell424-218-9580 Skype WebSite: http://www.harriscompanyrec.comResume : http://www.harriscompanyrec.com/commercialappraiserresume2013locked.pdf Commercial Appraiser Blog: http://harriscompanyrec.com/blog/The LOoP! a Google CSE: http://www.google.com/cse/home?cx=000747579154309164948%3Annakvu69iqy We Make a Simple Pledge to
Communicate, in a timely fashion, each appraisal, analysis, and opinion without bias or partiality
Abstain from behavior that is deleterious to our clients, the appraisal profession, and the public
Hold paramount the confidential nature of the appraiser/consultant - client relationship
and
Comply with the requirements of the Uniform Standards of Professional Appraisal Practice and the
Code of Professional Ethics of the National Society of Real Estate Appraisers
IT'S THE LAW- Statement 7: Prohibition Against Discrimination
State agencies should be aware that Title XI and the Agencies' regulations prohibit federally regulated financial institutions from excluding appraisers from consideration for an assignment by virtue of their membership, or lack of membership, in any appraisal organization. Federally regulated financial institutions should review the qualifications of appraisers to ensure that they are qualified for the assignment for which they are being considered. It is unacceptable to assume that an appraiser is qualified solely due to membership in, or designation from, an appraisal organization, or the lack thereof. The Agencies have determined that financial institutions' appraisal policies should not favor appraisers from one or more organizations or exclude individuals based on their lack of such membership. If a State agency learns that a certified or licensed appraiser allegedly has been a victim of such discrimination, the State agency should inform the Agency which has regulatory authority over the involved financial institution. INCLUDING THE APPRAISAL INSTITUTE-MAICONFIDENTIALITY/PRIVILEGE NOTICE: This transmission and any attachments are intended solely for the addressee. The information contained in this transmission is confidential in nature and protected from further use or disclosure under U.S. Pub. L. 106-102, 113 U.S. Stat. 1338 (1999), and may be subject to consultant/appraiser-client or other legal privilege. Your use or disclosure of this information for any purpose other than that intended by its transmittal is strictly prohibited and may subject you to fines and/or penalties under federal and state law. If you are not the intended recipient of this transmission, please destroy all copies received and confirm destruction to the sender via return transmittal
From: FHA info [mailto:[email protected]]
Sent: Thursday, September 26, 2013 7:29 PM
To: [email protected]
Subject: FHA INFO #13-62: FHA Connection/CHUMS MIP Calculation Correction for Certain Streamline Refinances
FHA Connection/CHUMS MIP Calculation Correction for Certain Streamline RefinancesUnder Mortgagee Letter 2012-04, “special” streamline refinances are streamline refinances (with or without an appraisal) of existing mortgages that FHA endorsed on or before May 31, 2009. According to Mortgagee Letter 2013-04, the changes to the duration of the annual mortgage insurance premium (MIP) apply to all special streamline refinances with FHA case numbers assigned on or after June 3, 2013. The duration of annual MIP on a special streamline with a term of 15 years or less and a loan-to-value (LTV) ratio of 78 percent or less will be 11 years or the term of the loan, whichever comes first.However, the changes to the amount of the annual MIP introduced by Mortgagee Letter 2013-04 do not apply to special streamline refinances. The annual MIP on special streamline refinances will continue to be 55 basis points (bps), and the Up-Front MIP will continue to be one (1) bps, regardless of the amortization term or the LTV of the new loan, as stated in Mortgagee Letter 2012-04. Recently, FHA discovered a technical problem in FHA Connection (FHAC) that gave some special streamlines with amortization terms of 15 years or less and LTVs of 78 percent or less an incorrect annual MIP rate of 45 bps. Therefore, on September 30, 2013, FHA will implement changes to FHAC and the Computerized Home Underwriting Management System (CHUMS) that will only allow an annual MIP of 55 bps and an Up-Front MIP of one (1) bps on special streamline refinances.FHA will honor the 45 bps annual MIP for any special streamline loan with an amortization term of 15 years or less and an LTV of 78 percent or less, and with a case assignment date between June 3, 2013, and September 29, 2013 (inclusive), so long as the loan funds by December 31, 2013. FHAC/CHUMS will use the Closing/Disbursement Date on the Insurance Application screen as the funding date. FHA Homeownership Listserv Archive Page FHA Recently began posting prior messages from this Homeownership Listserv on a Departmental web site. Currently the archives include messages from calendar year 2013 and a portion of calendar year 2012. To view messages sent by [email protected] and previously by [email protected], please visit the following site: http://bit.ly/FHAInfo Have FHA Questions? For FHA technical support, please search the FHA Frequently Asked Question site: http://bitly.com/FHAFAQ or contact the FHA Resource Center by email at: [email protected] or by telephone toll-free between 8:00 a.m. & 8:00 p.m. ET at: (800) CALLFHA or (800) 225-5342. Subscribe/Unsubscribe Instructions To subscribe to the FHA Homeownership Update mailing list you can use this link: http://bit.ly/FHARCPage or send a request by email to [email protected]. Bulk subscriptions: - To sign up your entire office or a large group, send the list of email addresses (in the format below) to [email protected] [email protected] [email protected] [email protected] To unsubscribe - go to: http://bit.ly/fhalistunsubscribe and follow the unsubscribe instructions on that page. Other Helpful Links: Visit our homepage at: http://www.hud.gov/sf FHA publications at HudClips: http://bit.ly/HUDclips , order hardcopies at: http://bit.ly/HUDCopies FHA forms: http://bit.ly/FHAforms FHA Homeownership Centers: http://bit.ly/HOCSites Events and Training Calendar: http://bit.ly/FHAevents FHA Mortgagee Letters: http://bit.ly/HUDml Archived FHA Webinars: http://bit.ly/RRaMUK Contracting Opportunities: http://bit.ly/HUDcontracts Career Opportunities: http://bit.ly/HUDjobs Grant Opportunities: http://bit.ly/HUDfunding Presidentially Declared Disaster Areas: http://bit.ly/DisasterAreas Foreclosure Assistance: http://bit.ly/HUDcounsel Making Home Affordable: http://bit.ly/MHAhud HUD Home Property Listings: http://bit.ly/HUDhome Archived Listserv Messages: http://bit.ly/FHAInfo We hope that you will want to continue receiving information from HUD. We safeguard our lists and do not rent, sell, or permit the use of our lists by others, at any time, for any reason. If you wish to be taken off this mail list, please go here
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