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Most recent emails
Email archives - 7-01
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Go to Edit, then Find in Page. Some of them have been edited from the
original to correct typos and new information! I have been sending them since June, 1994.
7/1/01 July 4th/dig camera/environ case
I hope you're not working on the 4th of July!! Yes, you are working if you
go into your office and open a file or read a message ;> . Zeke and I will
be doing our traditional 4th - Alameda parade where half the city is in the
parade and the other half is watching. Then on to our low-key yacht club
for the annual free all-you-can-eat hot dogs, hamburgers, potato salad, and
beer. Then home to take a nap to rest up for the fireworks in the evening.
And we will remember why our country is so special.
+++++++++ Thanks to our sponsor +++++++++
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Everything you need, just a click away!
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++++++++++++++++++++++++++++++++++++++++++
NOTE ON LONG LINKS - you may have to cut and paste them into your browser.
New this week from Appraisal Today e-news
+ Digital camera links
+ Travel Tips
+ Supreme Court's new environmental compensation ruling
+ Rate cut - so what?
+ Finding stuff on the Internet
>>>>>>>>>> Digital camera links <<<<<<<<<<
Here are some good digital camera links
- http://www.dcresource.com - comprehensive, almost overwhelming, run by a
guy working out of his apartment in San Francisco
AOL Users: <a href=http://www.dcresource.com> Click Here</a>
- http://www.steves-digicams.com
- similar to dcresource
AOL Users: <a href=http://www.steves-digicams.com> Click Here</a>
- http://www.all-digital-links.com
- links to almost 1000 reviews
AOL Users: <a href=http://www.all-digital-links.com> Click Here</a>
- http://www.zdnet.com/special/filters/sc/camera
- ZD Net's Digital Camera
SuperCenter
AOL Users: <a href=http://www.zdnet.com/special/filters/sc/camera> Click
Here</a>
- http://www.kodak.com/US/en/digital/dlc/
- Kodak's digital learning center
AOL Users: <a href=http://www.kodak.com/US/en/digital/dlc/> Click Here</a>
Lots more links at
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/07/01
/BU155337.DTL
I don't know how long this link will be "good" - Cut and paste it into your
browser
Where did I get these great links? I've known about a few of them for along
time, but the article in San Francisco Examiner had descriptions plus a few
tidbits like the guy working out of his apartment.
>>>>>>>>>> Travel Tips <<<<<<<<<<
This is a Really Good Time for traveling. I've been getting lots of good
tips on airlines and hotels from appraisers registered for AppraisalTech
2001. I can't believe some of the deals on airfare and hotels (particularly
on the weekend).
If you're coming to AppraisalTech, or going most anywhere this summer,
check out some of the tips at
http://www.appraisaltoday.com/travel-hotels.htm . It's written for the San
Francisco Airport area, but many of the tips apply anywhere. If you've got
a good tip, just hit the reply button. You may see your name in these emails!
AOL Users: <a href=http://www.appraisaltoday.com/travel-hotels.htm> Click
Here</a>
>>>> Supreme Court's new environmental compensation ruling <<<<
In a major case, Palazzo vs. Rhode Island, the U.S. Supreme Court has ruled
in a 5-4 decision that property owners may sue for compensation when
environmental regulations reduce the value of their holdings.
Full Story, including links to the case and other info,
http://realtytimes.com/rtnews/rtcpages/20010629_rights.htm
AOL Users: <a
href=http://realtytimes.com/rtnews/rtcpages/20010629_rights.htm> Click
Here</a>
>>>>>>>>>> Rate cut - so what? <<<<<<<<<<
The Fed cut short term interest rates again, but mortgage rates didn't
change much. Some are saying they will go up. Why? Mortgage rates are tied
to the 10 year Treasury Bill rate, which has not dropped due to investor
concerns about inflation caused by lower consumer interest rates increasing
demand and prices.
The market composite index of mortgage loan applications - a measure of
loan purchases and refinances - for the week ending June 22 decreased 5.4
percent to 482.5 on a seasonally adjusted basis from 510.3 the previous
week, according to the Weekly Mortgage Applications Survey of the Mortgage
Bankers Association of America (MBA), which was released June 27. On an
unadjusted basis, the application index decreased 5.9 percent but was up
53.9 percent compared to the same week a year earlier.
>>>>>>>>>> Finding stuff on the Internet <<<<<<<<<<
My favorite search site is http://www.google.com
. AOL Users: <a
href=http://www.google.com> Click Here</a> For tough searches, where I am
willing to pay for an article, I use http://www.northernlight.com
AOL
Users: <a href=http://www.northernlight.com> Click Here</a>
One of the most popular sessions at AppraisalTech 2001 (August 23-24, South
San Francisco) is Internet resources for appraisers - how to find what you
need
The two speakers are the appraisal "gurus" of using the Internet.
- Michael Cartwright, ASA, posts great links almost every day on the AI
forum email list
- Gail Cooper, MAI, is the author of "Don't Get Caught in the Web" a book
of Internet appraisal resources.
For more information go to http://www.appraisaltech2001.com
AOL Users: <a href=http://www.appraisaltech2001.com> Click Here</a>
===========================
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Ann O'Rourke, MBA, SRPA, SRA
Appraiser and Publisher of Appraisal Today newsletter
2015 Clement Ave.
Alameda, CA 94501
mailto:ann@appraisaltoday.com
phone: 800-839-0227//fax: 800-839-0014
http://www.appraisaltoday.com for appraisal news, info, and a few jokes!
7/10/01 he last appraiser standing?/contingent fees, etc.
***** WIN A FREE PALM Vx AND GET APPRAISER CE! ******
Register for AppraisalTech 2001 by July 31 and get your name entered in a
drawing for Palm Vx. Lots better odds than the lottery!
Only $245 for subscribers to Appraisal Today until July 31 - $50 off.
Subscribe to the newsletter for $99 and get $50 off your conference
registration!
To sign up for the newsletter, go to
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For conference info, go to http://www.appraisaltech2001.com
********************************
New this week from Appraisal Today e-news
+ New real estate free email newsletter
+ AQB revising appraiser requirements
+ June USPAP Q&As - workfiles, contingent compensation, etc.
+ Apps up a little
>>>>>>>>>> NEW REAL ESTATE EMAIL NEWSLETTER <<<<<<<<<<
Broderick Perkins, a long time real estate reporter, has a new free email
real estate newsletter.
For info, and to sign up, go to http://www.deadlinenews.com/mission.html
and scroll down the page AOL Users: <a
href=http://www.deadlinenews.com/mission.html> Click Here</a>
The home page is http://www.deadlinenews.com
AOL Users: <a href=http://www.deadlinenews.com> Click Here</a>
>>>>>>>>>> AQB REVISING APPRAISER REQUIREMENTS <<<<<<<<<<
The Appraisal Qualifications Board is looking for input on their planned
revision of appraiser qualifications. They want to hear what appraisers
think.
I attended their forum in San Francisco earlier this year. The wide range
of opinions of the agencies, appraisal associations, and users of appraisal
services was very interesting.
Of course, I wonder where all the new appraisers will come from. Here in CA
there are less than 30 licensed appraisers under the age of 30, and about
the same over the age of 80, with one over 90!
Here are some of the questions asked by the AQB:
- Should a college degree become an educational requirement?
-·Should continuing education be tested?
·- Should continuing education include mandatory courses, in addition to
USPAP, on a
periodic basis?
·- Should the state licensure and certification examinations be more
comprehensive and
challenging?
·- Should the state examinations be segmented into specific areas (i.e.
USPAP, income
capitalization, etc.)?
Comments are due by October 1, 2001.
The link to the draft Discussion Draft on revising the Real Property
Appraiser Qualification Criteria
(PDF format) is on the home page - https://www.appraisalfoundation.org
AOL Users: <a href=https://www.appraisalfoundation.org> Click Here</a>
>>>>>>>>>> JUNE USPAP Q&AS <<<<<<<<<<
Here are the questions:
1. I am working on an assignment with another appraiser. When finished, we
will both sign the
report and the certification. Does this mean that we must create two
workfiles so that we can
both comply with the record keeping rules?
2. I've been asked by a bank to provide a replacement cost estimate for an
improved property to
assist them in establishing an appropriate level of fire insurance for
their loan. This assignment
does not involve appraising this property, so I don't consider it to be an
appraisal assignment. Is
it a consulting assignment under USPAP?
3. Why is it unethical for an appraiser to accept compensation for an
assignment that is contingent
on pre-determined results?
There is also additional discussion of a May 2001 question:
"I have been asked by a client to appraise only the underlying land of a
farm for the
purpose of estimating the value of a conservation easement. Since the
improvements are
not being considered in the appraisal, does this assignment involve a
hypothetical
condition?"
To get the answers, go to the Q&A page and scroll down to June 2001.
https://www.appraisalfoundation.org/asb-q&a.htm
AOL Users: <a href=https://www.appraisalfoundation.org/asb-q&a.htm> Click
Here</a>
>>>>>>>>>> APPS UP A LITTLE <<<<<<<<<<
The market composite index of mortgage loan applications-a measure of loan
purchases and refinances-for the week ending June 29 increased 0.8 percent
to 486.3 on a seasonally adjusted basis from 482.5 the previous week,
according to the Weekly Mortgage Applications Survey of the Mortgage
Bankers Association of America (MBA), which was released July 5. On an
unadjusted basis, the application index increased 0.6 percent and was up
48.4 percent compared to the same week a year earlier.
The MBA seasonally adjusted Purchase Index increased to 308.3 from 307.9
the previous week; the seasonally adjusted Refinance Index increased to
1521.6 from 1497.8. Other seasonally adjusted index activity included the
Conventional Index, which increased to 628.7 from 627.7 the previous week,
and the Government Index, which increased to 248.5 from 240.2 the previous
week.
Refinancing activity represented 44.1 percent of total applications,
decreasing from 43.7 percent the previous week. ARM activity decreased to
10.5 percent from 10.8 percent the previous week.
The average contract interest rate for 30-year fixed rate mortgages was
7.27 percent, increasing from 7.01 percent the previous week, with points
increasing to 1.23 from 1.31 (including the origination fee) for 80 percent
loan-to-value (LTV) ratio loans.
7/15/01 GLB Privacy Act/"Borrowing" software
X-Envelope-To: ann@appraiz.com
New this week from Appraisal Today e-news
+ Handheld email
+ "Borrowing" software
+ More info on GLB and appraisers
+ Apps drop
++++++ CHECK OUT THE LATEST SOFTWARE AND HARDWARE ++++++
++++++ AT THE APPRAISALTECH EXPO! ++++++
Exhibitors signed up as of today:
- Forms software - Bradford Technologies, Software for Real Estate
Professionals, a la mode, inc., Polaroid Digital Solutions
- Data providers - DataQuick, Transamerica Flood Hazard, AIRD, Inc., First
American Real Estate Solutions, CD-Data
- DCF programs - The REALM (Argus, Dyna), RealDCF
- Internet/software - AppraisalTrac, Map Solutions
- E&O Insurance - Liability Insurance Administrators
- Appraisal associations - American Society of Appraisers, Appraisal
Institute (Northern California chapter)
- Regulators - California's Office of Real Estate Appraisers
Go to the Conference links or call 800-839-0227, fax 800-839-0014 -
- Conference home page - http://www.appraisaltech2001.com
AOL Users: <a href=http://www.appraisaltech2001.com> Click Here</a>
- Travel and hotel info - http://www.appraisaltoday.com/travel-hotels.htm
AOL Users: <a href=http://www.appraisaltoday.com/travel-hotels.htm> Click
Here</a>
- Expo info - http://www.appraisaltoday.com/expo.htm
AOL Users: <a href=xx> Click Here</a>
Register for AppraisalTech 2001 by July 31 and get your name entered in a
drawing for Palm Vx. Lots better odds than the lottery!
++++++++++++++++++++++++++++++++++++++++++++++++
NOTE: you may need to cut and paste long links into your browser.
>>>>>>>>>> HANDHELD EMAIL <<<<<<<<<<
My largest lender client sends all their requests by email. Also, I receive
many emails a day from other people. I would really like to be able to
check them when I am out in the field or traveling, without carrying a
cumbersome laptop computer
BlackBerry provides the best wireless email accress, per our appraisal
computer guru, Mary Dum. It is a handheld device that specializes in email
- you forward your email account to Blackberry when you're out of your
office. http://www.blackberry.net
AOL Users: <a href=http://www.blackberry.net> Click Here</a>
The Palm VIIx is another handheld that includes a built-in antenna for your
Internet connection. Also many other software programs can be obtained for
free or pay for the very popular Palm operating system. http://www.palm.com
AOL Users: <a href=http://www.palm.com> Click Here</a>
So why hasn't wireless Internet connection caught on in real estate, for
sales persons and appraisers? No "killer app," a handheld software
application that would make a difference in our businesses, plus much more
reliable, less expensive, and widespread wireless access is needed.
John Ciricione, SRA, aka "Mr. Wireless" will be speaking at the hardware
session at AppraisalTech 2001, as will Mary Dum - go to
http://www.appraisaltech2001.com
AOL Users: <a href=http://www.appraisaltech2001.com> Click Here</a>
>>>>>>>>>> "BORROWING" SOFTWARE <<<<<<<<<<
Okay, everyone who has never installed an unauthorized (i.e., not paid for)
copy of a software program on a computer, please raise your hand. Well...
since we are online I can't really see any hands ;> but I doubt if many
hands are showing.
For interesting articles how Microsoft is cracking down on schools, go to
http://www.salon.com/tech/feature/2001/07/10/microsoft_school/index.html
AOL Users: <a
href=http://www.salon.com/tech/feature/2001/07/10/microsoft_school/index.htm
l> Click Here</a>
http://www.theregister.co.uk/content/7/20378.html
AOL Users: <a href=http://www.theregister.co.uk/content/7/20378.html> Click
Here</a>
What's my position? I'm a "hard liner." Unauthorized installation is
stealing. On the other hand, I am definitely not a fan of Microsoft.
Thanks to Rick Bestany for posting these great links on the AI email forum!
>>>>>>>>>> MORE INFO ON GLB AND APPRAISERS <<<<<<<<<<
Of course, there is mass confusion over the Gramm-Leach-Bliley Act that
went to effect on July 1 and what it means for appraisers.
Here are two good sources -
The Appraisal Institute has a new paper dated July 6, Revised Summary of
Gramm-Leach-Bliley Act Privacy Requirements & Sample Formats. This paper
plus two papers released earlier are at
http://www.appraisalinstitute.org/govrnmnt/prvcy.htm
AOL Users: <a href=http://www.appraisalinstitute.org/govrnmnt/prvcy.htm>
Click Here</a>
The ASA has a sample privacy form at
http://www.appraisers.org/news/announcedetail.cfm?announcementId=166
AOL Users: <a
href=http://www.appraisers.org/news/announcedetail.cfm?announcementId=166>
Click Here</a>
>>>>>>>>>> APPS DROP <<<<<<<<<<
The market composite index of mortgage loan applications-a measure of loan
purchases and refinances-for the week ending July 6 decreased 11.1
percent to 432.4 on a seasonally adjusted basis from 486.3 the previous
week, according to the Weekly Mortgage Applications Survey of the Mortgage
Bankers Association of America (MBA), which was released July 11. On an
unadjusted basis, the application index decreased 28.6 percent but was up
40.2 percent compared to the same week a year earlier.
The MBA seasonally adjusted Purchase Index decreased to 300.4 from 308.3
the previous week; the seasonally adjusted Refinance Index decreased to
1200.0 from 1521.6. Other seasonally adjusted index activity included the
Conventional Index, which decreased to 553.8 from 628.7 the previous week,
and the Government Index, which decreased to 229.6 from 248.5 the previous
week.
Refinancing activity represented 39.0 percent of total applications,
decreasing from 44.1 percent the previous week. ARM activity increased to
11.2 percent from 10.5 percent the previous week.
The average contract interest rate for 30-year fixed rate mortgages was
7.17 percent, decreasing from 7.27 percent the previous week, with points
increasing to 1.39 from 1.23 (including the origination fee) for 80 percent
loan-to-value (LTV) ratio loans.
=======================================
If you don't already subscribe .... To get all the news, not just the
headlines and links, subscribe to my monthly "paper" and PDF Appraisal
Today newsletter for $99 per year ($149 for 2 years), call 800-839-0227 or
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========================
Ann O'Rourke, MBA, SRPA, SRA
Appraiser and Publisher of Appraisal Today newsletter
2015 Clement Ave.
Alameda, CA 94501
mailto:ann@appraisaltoday.com
phone: 800-839-0227//fax: 800-839-0014
http://www.appraisaltoday.com for appraisal news, info, and a few jokes!
7/23/01 Apps up/home movie/rebooting
New this week from Appraisal Today e-news
+ Who has the best commercial data??
+ Apps up again
+ 10 stupid PC mistakes
+ The Ultimate Home Movie
+ Thoughts on Rebooting
>>>>>>>>>> WHO HAS THE BEST COMMERCIAL DATA?? <<<<<<<<<<
What's the best source of comp data? Sharing with other appraisers, public records, paid researchers, appraiser contributed data (PropertyFirst)? What does USPAP say about confidentiality? With data becoming more readily available, how do appraisers add value?
AppraisalTech 2001 has some answers at the "Commercial appraisal data - who has the best?" session.
The speakers are:
- Tom Sanchez, Senior Vice President and General Manager Appraisal Information Services Division and co-founder, PropertyFirst.com (now officially merged with Loopnet)
- George Gallagher, COMPS Division Product Manager, Comps.com/Costargroup
REGISTER BY JULY 31 AND YOU MAY WIN A PALM Vx!!!
Go http://www.appraisaltech2001.com or call 800-839-0227, or fax 800-839-0014.
AOL Users: <a href=http://www.appraisaltech2001.com> Click Here</a>
I have also included a conference brochure as a PDF attachment.
>>>>>>>>>> APPS UP AGAIN <<<<<<<<<<
The market composite index of mortgage loan applications—a measure of loan purchases and refinances—for the week ending July 13 increased 8.3 percent to 468.4 on a seasonally adjusted basis
from 432.4 the previous week, according to the Weekly Mortgage Applications Survey of the Mortgage Bankers Association of America (MBA), which was released July 18. On an unadjusted basis, the application index increased 35.4 percent and was up 36.0 percent compared to the same week a year earlier.
>>>>>>>>>> 10 STUPID PC MISTAKES <<<<<<<<<<
Another great tips list from Zdnet.
"Whoops, your PC just died. What happened? And how do you fix it? Here's my rundown of 10 common mistakes that seem embarrassingly
obvious--but cause more havoc than you'd expect. If you're an expert, save this list for the next time someone calls for help. Everyone else: Make it your first stop on the troubleshooting
trail."
http://cgi.zdnet.com/slink?/adeskb/adt0710/2783417:749925
AOL Users: <a href=http://cgi.zdnet.com/slink?/adeskb/adt0710/2783417:749925> Click Here</a>
>>>>>>>>>> THE ULTIMATE HOME MOVIE <<<<<<<<<<
Just got back from the first day of Inman Real Estate Connect (technology) conference in San Francisco. Quite a contrast from 2000's go-go conferences with lots of parties and people under 30, both attendees and exhibitors. Oh well... it was lots of fun while it lasted!!
Not much new stuff being exhibited, but Inman had a great party/event, as usual. Whomever plans the Connect parties is very creative event planner. One time it was at the former Treasure Island Navy base, another time at an art gallery. Fortune tellers, face painters, and actors have been there for entertainment.
Even when the parties are in the conference hotel they are very different. Sunday's was the first public screening of a film, "Home Movie." It was advertised as a movie produced by Homestore.com that was entered in the Sundance movie festival. I wasn't sure if the whole thing was a joke, particularly since the director is well known for documentaries and homestore caters to real estate agents, buyers, and sellers. Why did Homestore do a movie? Sorry, I didn't pay attention during the movie intro as I thought it was a joke!
It wasn't a joke, but was a movie about very unusual homes. Those "appraisals from hell" you always hope you will never have to appraise. Or if you do, there is a very, very big fee.
5 homes were featured:
- One room, 25 ft by 35 ft, floating house in Louisiana owned by an alligator farmer,
- One room treehouse in an isolated valley in Hawaii owned by a former female TV star in Japan, powered by a waterfall.
- Former Atlas missile base in Kansas with part converted into an underground home that looked like a regular tract home inside.
- Suburban home in Illinois with a lifetime of inventions by the home owner, such as storage cabinets in the kitchen that drop down, a flower pot that opens up to reveal a toilet, and a circular front door that opens like an iris.
- "Cat house" in California with catwalks just below the ceiling for the 11 cats in the house and lots of cat sculptures, photos, etc.
But what was really interesting was not the homes, but the home owners and their stories. You had to see the movie...
At the trade show I got to touch a Blackberry handheld device for email for a few seconds after asking the sales rep several times to see a "live" Blackberry. All she wanted me to see was a "dummy" one in a display. Small display but a teeny keyboard that was actually usable. She wouldn't talk to me much when she saw my press badge and said I had to speak with some corporate PR person. Since my deadline was in 2 hours, that wouldn't work for me. Maybe you'll have better luck than me getting a demo. I've never been able to figure out why companies spend thousands of dollars on a booth, plus sent out tons of press releases, and when a reporter asks a few questions they won't provide information. Some info is at
http://www.blackberry.net/ What's my advice? When a reporter calls, don't clam up. An article about, or mentioning, your company is worth lots, lots more than a paid ad.
>>>>>>>>>> THOUGHTS ON REBOOTING <<<<<<<<<<
A Poem for Computer Users
The next time you have to reboot, think about this poem ;>
Don't you wish when life is bad
and things just don't compute,
that all we really had to do
was stop and hit reboot?
Things would all turn out ok,
life would be so sweet
If we had those special keys
Ctrl, Alt, and Delete
Your best client is mad, your copier just broke,
you want to unplug the phone and just be mute
Hit those wonderful keys
that make it all reboot.
Author: Unknown...
===========================
To be removed from this list, just hit your reply button and type "remove" in the subject line or top part of the message. To change your email address, hit the reply button and type in your old and new email addresses, and your name. FYI, it may take a week or two to get our email database corrected.
Ann O'Rourke, MBA, SRPA, SRA
Appraiser and Publisher of Appraisal Today newsletter
2015 Clement Ave.
Alameda, CA 94501
mailto:ann@appraisaltoday.com
phone: 800-839-0227//fax: 800-839-0014
http://www.appraisaltoday.com for appraisal news, info, and a few jokes!
7/29/01 Historic places/virii/forecast
New this week from Appraisal Today e-news
+ AppraisalTech CE credit and cheap airfares
+ Endangered historic places
+ Viruses can come from those you know
+ MBA economists predict $1.54 trillion originations
+ Rates waffling around 7
++++++++++++++ Thanks to our Sponsor ++++++++++++
Appraisers are charged a low monthly subscription fees (beginning at only $6.95 per month) to be listed on appraisalorder.com
. They receive their own URL (webpage) with a built in order form. The service is fast, free, and very easy to use for those ordering appraisals.
Here's what a lender says:
"We switched from our old print, copy, fax method of sending appraisals in favor of free appraisal ordering at AppraisalOrder.Com" stated Ms. Jane Phillips, Vice President of Jefferson State Bank.
"The old method of ordering appraisals was just too slow and cumbersome. Now when we need an appraisal, it is just a matter of a few clicks and the order is on its way. As a bonus, handwritten and misread information no longer finds its way into the reports. Also, we like getting the automatic confirmation that the order was delivered."
For more information, go to http://www.appraisalorder.com
or call (210) 930-6306.
AOL Users: <a href=http://www.appraisalorder.com> Click Here</a>
+++++++++++++++++++++++++++++++++++++++++
NOTE: you may need to cut and paste long links into your browser.
>>> APPRAISALTECH CE CREDIT AND CHEAP AIRFARES <<<<
Airfares just keep getting cheaper and cheaper, especially to business locations such as San Francisco. Biz travel is way down and the airlines are trying to fill their planes with vacationers.
I have 12 hours of CE approval from almost all the states for AppraisalTech 2001. The only exceptions are:
- Submitted - waiting for approval - AK, AR, CO, DC, DE, FL, NH, NM, SC, TX
- Not approved: NC, CT.
- Not submitted, WI and MA, - too much paperwork required for the 28 speakers!!
I'm having to make some really tough decisions - what type of entertainment at the reception/party - magician, appraiser jazz band, fortune teller, New Orleans brass band, caricature artist, etc.
For more info on AppraisalTech, August 23-24 in South San Francisco, go to http://www.appraisaltech2001.com
AOL Users: <a href=http://www.appraisaltech2001.com> Click Here</a>
>>>>>>>>>> ENDANGERED HISTORIC PLACES <<<<<<<<<<
National Trust for Historic Preservation has issued their Top 11 List of most endangered historic places. The list includes:
- Prairie churches of North Dakota
- Historic American movie theatres (nationwide)
- CIGNA campus (Bloomfield CT)
- Bok Kai Temple, Marysville, Calif.
- Telluride Valley Floor, Telluride, Colo.
- Carter G. Woodson Home, Washington, D.C.
- Ford Island at Pearl Harbor, Honolulu
- Miller-Purdue Barn, Grant County, Ind.
- Stevens Creek Settlements, Lincoln, Neb.
- Historic Jackson Ward, Richmond, Va.
- Los Caminos del Rio, Lower Rio Grande Valley, Texas
For more info, go to http://www.nthp.org/
Well worth checking out. AOL Users: <a href=http://www.nthp.org> Click Here</a>
Realty Times has a short article written by Lou Sichelman at: http://realtytimes.com/rtnews/rtcpages/20010711_sites.htm
AOL Users: <a href=http://realtytimes.com/rtnews/rtcpages/20010711_sites.htm> Click Here</a>
>> MBA ECONOMISTS PREDICT $1.54 TRILLION ORIGINATIONS <<
The economy should begin a gradual recovery during the second half of the year and sustain a growth rate of about 3 percent in
2002, according to the latest forecast released last week by the Mortgage Bankers Association of America (MBA).
Residential mortgage originations are forecast to reach a record high of $1.54 trillion this year and to drop next year to $1.15 trillion as refinancings calm down to just 24 percent of total originations. For 2001, refinancings are projected to account for 43 percent of originations.
The MBA economists expect the Federal Reserve to refrain from raising interest rates through next year after they complete their current round of rate cuts. "We believe there will be relatively stable long-term interest rates through the end of
next year," said Doug Duncan, MBA's chief economist. "This is good news for potential homebuyers and for mortgage lenders."
MBA also forecasts a sustained period of low mortgage rates. The 30-year contract rate is projected to remain about 7.1 percent in the second half of this year, increasing slightly to 7.3 percent in 2002. The 1-year adjustable mortgage rate is forecast to remain low at 5.7 percent.
Refinance activity, which is heavily dependent on interest rates, is expected to gradually subside through the end of 2001. Refinancing volume is expected to fall from an estimated $224 billion in the second quarter of 2001 to $85 billion in the fourth quarter. Refinancings as a share of total originations are expected to drop to 30 percent in the fourth quarter from 55 percent in the first quarter.
Total home sales have been remarkably strong in the first half of the year, at an annual rate of 6.2 million unit, and are expected to ease a little in the second half to an annual rate of about 5.9 million units. Existing home sales, which represent 85 percent of total sales, are forecast to be 5.15 million units this year, and new home sales are expected to be 903,000 units.
MBA's first mortgage finance forecast for 2002 projects housing starts to increase slightly to 1.65 million units, and home sales to decrease slightly to 5.0 million units for existing homes and 862,000 units for new homes. Total mortgage originations are expected to drop by 25 percent from 2001 but remain above the trillion-dollar mark. The decline likely will be due to weaker refinancing activity, which is expected to contribute only $271 billion in originations. Purchase originations are expected to remain strong at $882 billion.
>>>>>>>>>> RATES WAFFLING AROUND 7 <<<<<<<<<<
The market composite index of mortgage loan applications—a measure of loan purchases and refinances—for the week ending July 20 increased 8.7 percent to 509.2 on a seasonally adjusted basis
from 468.4 the previous week, according to the Weekly Mortgage Applications Survey of the Mortgage Bankers Association of America (MBA), which was released July 25. On an unadjusted basis, the application index increased 8.8 percent and was up 55.6 percent compared to the same week a year earlier.
The MBA seasonally adjusted Purchase Index increased to 324.9 from 310.4 the previous week; the seasonally adjusted Refinance Index increased to 1581.4 from 1387.4. Other seasonally adjusted index activity included the Conventional Index, which increased to 664.3 from 604.9 the previous week, and the Government Index, which increased to 250.3 from 240.7 the previous week.
Refinancing activity represented 43.6 percent of total applications, increasing from 41.6 percent the previous week. ARM activity decreased to 11.1 percent from 11.3 percent the previous week.
The average contract interest rate for 30-year fixed rate mortgages was 6.99 percent, decreasing from 7.09 percent the previous week, with points decreasing to 1.27 from 1.35 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans.
>>>>>>> VIRUSES CAN COME FROM THOSE YOU KNOW <<<<<<<
I opened the infamous I Love You virus last year and erased almost all the jpeg files on my home computer. Why did I open it? It came attached to an email message from a "computer guru" I have known for a long time. I checked my mail very early in the morning before the news was out about that really baaad virus.
He had clicked on an attachment from someone and the virus sent itself to everyone in his Outlook email address book, including me. I don't use Outlook, so I didn't send it on to anyone else.
I am still receiving 10+ emails a day containing the Sircam virus attachment. If you don't click on it, you don't activate it, but you do need to delete all the contaminated attachments. My Norton Antivirus, even with the most recent update, is not catching all of them.
Someone named Barry Fishman is sending me lots of emails that look like sircam is picking up appraisal reports, or something with an address off his computer. I tried to email him with no luck. If you know him, please call him!! It seems to be spreading among those in real estate.
For info on the Sircam virus, go to http://www.symantec.com/avcenter/venc/data/w32.sircam.worm@mm.html
AOL Users: <a href=http://www.symantec.com/avcenter/venc/data/w32.sircam.worm@mm.html> Click Here</a>
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