Appraiser shortage? NCUA reminds credit unions of their options

first_img 17SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Last week, NCUA joined an Interagency Advisory on the Availability of Appraisers. While the Advisory does not provide any additional guidance, it does seek to alert credit unions to existing potential solutions to problems with appraiser availability.Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) requires NCUA to establish appraisal standards for all federally related transactions. Part 722 of NCUA’s regulations provides these standards. Generally, the rules require the appraisal to be performed by a state-certified or state-licensed appraiser. Whether the appraiser needs to be certified or licensed depends on the type of transaction involved. The Interagency Appraisal and Evaluation Guidelines provide an overview of the applicable rules and guidance on developing an appraisal program, choosing an appraiser, and obtaining and reviewing appraisals.As part of the Economic Growth and Regulatory Paperwork Reduction Act review, commenters raised concerns with the timeliness of obtaining an appraisal. The commenters attributed the issue to problems with the availability of state-certified and state-licensed appraisers. This seemed to be of particular concern in rural areas. The recent Advisory explains a credit union’s options in the event a certified or licensed appraiser is not available. In certain situations, the FIRREA permits credit unions to use appraisers who have obtained a temporary practice permit or a temporary waiver instead of a state certificate or license. The Advisory explains both the permit and the waiver. continue reading »last_img read more

Jose Mourinho has every right to criticise Chelsea players, says Gary Cahill

first_imgGary Cahill says Jose Mourinho has every right to round on the Chelsea players following their woeful start to the season. Cahill will experience a “career high” moment on Friday when he captains England for the first time against Estonia at Wembley. With Wayne Rooney out injured, the Chelsea centre-back is also likely to lead the Three Lions out against Lithuania in their final Euro 2016 qualifier on Monday. Cahill has started all eight qualifying wins, but domestically he has only been on the winning side twice this term. That record has left the Blues fifth from bottom of the Barclays Premier League table, and manager Mourinho is understandably annoyed with a number of his players. Cahill was one of seven Chelsea players singled out for criticism by the Portuguese earlier this season. The England vice-captain did not take umbrage at Mourinho’s claim that his performances had been under-par. He admits he deserved it. “We’ve had a very disappointing start to the season,” Cahill said. “It’s something we all want to address. When I get criticised, I have a determination to try and put it right, work hard and not start sulking about. “He (Mourinho) wasn’t happy with the way I was playing, along with a few others, and he has every right to let us know that. “Through tough times, we all need to stick together and turn it round together.” Unlike Liverpool, who sacked Brendan Rodgers on Sunday, Chelsea have stood by their manager. The club issued a statement declaring their continued faith in the Portuguese. Mourinho also has the full support of the dressing room. Press Association “Of course we all back him, of course we are all around him,” Cahill said. “Dare I say, he doesn’t even need backing. When you’ve done so much in the game, got the CV and been through everything that he has been, not just in this league or what he has done for Chelsea, but in other leagues. “I don’t even think he needs backing, but obviously it is nice to have that and he has certainly got that from the players and the club.” For now, Cahill can put the disappointment of being four points above the relegation zone to the back of his mind. His primary concern is doing a good job leading England for the first time in his 37-cap international career. “The boss told me I was going to be captain this morning,” Cahill said at Thursday’s pre-match press conference. “It was a proud moment for me and my family. They’ll be down to watch, as they always are. “It’ll be a special moment for them as well. “I will approach the game like I would any game. I don’t want to change anything, but will play the same game and have the same mentality as if I was captain or not. “But it’s something I’m very proud about. It’ll be a special day and I want to enjoy it as much as I can.” last_img read more