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Cutoff Looms on Loan Accord

January 31, 2012: 

Federal and state officials negotiating with major banks on a settlement over allegedly improper foreclosures have given state attorneys general until Feb. 3 to opt in to a potential deal. The number of states participating could affect the value of the deal or whether an accord is even reached.

Realtor.com® International

January 27, 2012: 

In the short amount of time since the realtor.com® global site launched, there are more than 4 million active listings already on the site, including over 1.2 million International listings.

NAR Pushes Servicers on Freddie Short Sale Affidavit Updates

January 23, 2012: 

On Jan. 5, 2011, NAR reached out to Bank of America and Freddie Mac regarding inconsistencies in Bank of America’s implementation of required changes to Freddie Mac’s mandatory short sale affidavit.

Online Piracy Bills Debated

January 23, 2012: 

This week two federal online piracy bills garnered significant media attention when a number of popular websites went dark in opposition to the legislation. The bills, the Stop Online Piracy Act (SOPA) H.R. 3261 and the Protect IP Act (PIPA) S. 968 are intended to address the problem of foreign websites that facilitate the downloading of digital content like movies and music.

GAO Releases Report on Appraisal Subcommittee

January 23, 2012: 

The US Government Accountability Office (GAO) released their report on real estate appraisals “Appraisal Subcommittee Needs to Improve Monitoring Procedures” as required per Dodd-Frank.

Appraisers: Don't Blame Us

January 20, 2012: 

“Don’t shoot the messenger,” is the message the Appraisal Institute has for those in the real estate industry. Appraisers have been taking heat the last few months over low home values, with critics arguing that values aren’t matching a home listing or contract’s price and valuations are unfairly weighing distressed properties into the equation.

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