Federal Savings and Loan Insurance Corporation Recapitalization Act of 1987: Hearings Before the Subcommittee on Financial Institutions Supervision, Regulation and Insurance of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, One-hundredth Congress, First Session, March 3 and 4, 1987U.S. Government Printing Office, 1987 - 659 էջ |
Այլ խմբագրություններ - View all
Common terms and phrases
ad valorem tax analysis APPENDIX appraisal report appraisal services Appraiser Society appropriate Asset Disposition Association assumptions borrowing BUDDY ROEMER capital Chairman ST GERMAIN collateral Comment S.R. Committee conclusions Congress cost Dallas debt deposits earning assets economic Estate Analyst Senior estimate FADA FADA's FDIC February 27 Federal Asset Disposition Federal Home Loan Federal Savings FHLBB FirstSouth forbearance FSLIC recapitalization GAAP Home Loan Bank income insolvent interest rates investment lender Loan Bank Board losses market value mass appraisal Mortgage operating opinion percent portfolio problems proposal Real Estate Analyst Real Estate Appraisers Real Property Appraiser receivership regulations regulatory requirements result S&Ls savings and loan SELBY Senior Real Estate Senior Real Property Senior Residential Appraiser Society of Real specific SREA Standards of Professional statement Subcommittee supervisory Texas thrift industry thrift institutions Total Watson & Taylor workout zero coupon bonds
Սիրված հատվածներ
Էջ 276 - ... knowledgeably, and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) Buyer and seller are typically motivated; (2) Both parties are well informed or well advised, and...
Էջ 289 - I certify that, to the best of my knowledge and belief: - the statements of fact contained in this report are true and correct. - the reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and are my personal, unbiased professional analyses, opinions, and conclusions. -I have no (or the specified) present or prospective interest in the property that is the subject of this report, and I have no (or the specified) personal interest or bias...
Էջ 276 - The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus.
Էջ 310 - Perfection is impossible to attain and competence does not require perfection. However, an appraiser must not render appraisal services in a careless or negligent manner. This rule requires an appraiser to use due diligence and due care. The fact that the carelessness or negligence of an appraiser has not caused an error that significantly affects his or her opinions or conclusions and thereby seriously harms a client or a third party does not excuse such carelessness or negligence.
Էջ 301 - ... the information considered, the appraisal procedures followed, and the reasoning that supports the...
Էջ 305 - ... (c) clearly and accurately disclose any extraordinary assumption or limiting condition that directly affects the appraisal and indicate its impact on value.
Էջ 308 - Such understanding will not be imparted solely from a consideration of specific date such as demographics, costs, sales and rentals. The necessary understanding of local market conditions provides the bridge between a sale and a comparable sale or a rental and a comparable rental. If an appraiser is not in a position to spend the necessary amount of time in a market area to obtain this understanding, affiliation with a qualified local appraiser may be the appropriate response to ensure the development...
Էջ 307 - ... required to perform a specific appraisal service competently. If an appraiser is offered the opportunity to perform an appraisal service but lacks the necessary knowledge or experience to complete it competently, the appraiser must disclose his or her lack of knowledge or experience to the client before accepting the assignment and then take the necessary or appropriate steps to complete the appraisal service competently. This may be accomplished in various ways including, but not limited to,...
Էջ 285 - Standard 1 In developing a real property appraisal, an appraiser must be aware of, understand, and correctly employ those recognized methods and techniques that are necessary to produce a credible appraisal.
Էջ 278 - ... prepared, in conformity with the Uniform Standards of Professional Appraisal Practice. —I have (or have not) made a personal inspection of the property that is the subject of this report. (If more than one person signs the report, this certification must clearly specify which individuals did and which individuals did not make a personal Inspection of the appraised property.) —No one provided significant professional assistance to the person signing this report.