Kirchmeyer Associates, an appraisal and real estate data company, is rebranding itself as The Kirchmeyer Group and has created a new division to offer alternative valuation products.
James A. Kirchmeyer, president of The Kirchmeyer Group said it started Valuation Vision to fill the void in customizable broker price opinion products.
“At Valuation Vision we take a different approach to alternative valuations and thinking outside the box is just the beginning,” said Kirchmeyer. “With years of combined industry and technology experience, we are not afraid to challenge conventional wisdom. We leverage market data, advanced analytics and value expertise to create innovative solutions for the mortgage and investment industries.”
Kirchmeyer Group is keeping the Kirchmeyer Associates name for the unit that offers traditional appraisal products, while offering real estate data and automated valuation models through Real Info Inc.
Daily Briefing | Wednesday, December 14, 2011
Nationstar Lays Off MSR Risk in First Ever REIT Deal
An affiliate of Newcastle Investment Corp. a publicly traded REIT has agreed to pay $43.7 million to Nationstar Mortgage in exchange for receiving 65% of the interest payments on a $9.9 billion pool of MSRs.
Multifamily Mortgage Debt Increases to $806 B
Outstanding mortgage debt secured by apartment buildings rose to $806 billion at Sept. 30, a $4.1 billion increase (up 0.5%) from mid-year, according to new figures compiled by the Mortgage Bankers Association.
Fannie, Freddie Fee Hike Could Entice Private Investors
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PennyMac Increases Repurchase Deal with CS First Boston
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Ranieri RE Partners Forms Groups, Agrees to Buy Occom
Ranieri Real Estate Partners LP, New York, has established two new advisory services groups and as part of the initiative signed a definitive agreement to acquire boutique investment banking and advisory firm, Occom Capital Partners LLC, which has offices in New York and Portland, Maine.
Senate Dems Hammer OCC Over Foreclosure Reviews
Lawmakers raised sharp questions Tuesday about the ties between the 14 largest mortgage servicers and the purportedly independent consultants that were hired to review their practices, putting a top bank regulatory official on the defensive.
CoreLogic: 2011 A Very Expensive Natural Disaster Year
A new report indicates unexpected changes in geographic patterns that helped cause nearly $20 billion in flood and hurricane losses to homeowners and lenders in 2011 call for a re-evaluation of existing emergency plans and insurance options.
Small Jump for Apps
Application volume increased by 4.1% on a seasonally adjusted basis for the week ended Dec. 9, as rates fell to their lowest levels this year, according to the Mortgage Bankers Association.
FHLB New York Chief Gets Tapped for Housing Commission
Federal Home Loan Bank of New York president Alfred DelliBovi is joining a private commission whose mandate is to review the proper role of the federal government in the housing sector.
OCC Says Independent Consultants Cant Contact Borrowers
The independent consultants hired by bank servicers to review and assess the claims of millions of borrowers who may have been harmed in the foreclosure process will not be able to contact these borrowers directly or even talk with housing counselors, according to testimony at a Senate Banking subcommittee on Tuesday.