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Johnny Isakson

New Appraisal Institute Book Takes Aim at Efficient Housing

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Appraisers need to get up to speed on the latest energy efficient home features and should learn to determine how green a property is, according to a new book by the nation’s largest professional association of real estate appraisers. Residential Green Valuation Tools, published by the Appraisal Institute, provides a comprehensive overview of the valuation of high-performance homes, a growing market.Click to continue

ICBA Supports Seante Delay in Flood Insurance Rate Hikes

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The Independent Community Bankers of America (ICBA) said it is pleased that the U.S. Senate has passed bipartisan legislation to protect homeowners from significant increases in flood insurance premiums, which began being phased in on Oct. 1.Click to continue

ICBA Pushes Senate for Delay in Flood Insurance Rate Increases

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The Independent Community Bankers of America (ICBA) has called on the U.S. Senate to pass bipartisan legislation to protect homeowners from significant increases in flood insurance premiums, which began being phased in on Oct. 1. The Homeowner Flood Insurance Affordability Act (S. 1846), introduced by Sens. Robert Menendez (D-NJ) and Johnny Isakson (R-GA), would delay rate increases for up to four years by giving the Federal Emergency Management Agency (FEMA) time to develop a plan to help property owners who cannot afford higher premiums.Click to continue

Debate Over Flood Insurance Premiums Continues

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Homeowners across the country should not be forced to pay for the sudden and dramatic flood insurance premium increases that are the unintended consequence of the Biggert-Waters Flood Insurance Reform Act of 2012, insisted the National Association of Realtors (NAR) in testimony before the U.S. House Financial Services Subcommittee on Housing and Insurance.Click to continue

NAHB Speaks to Congress Regarding Housing Reform

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The National Association of Home Builders (NAHB) told Congress that an effective housing finance reform plan must include a federal backstop to ensure that 30-year, fixed-rate mortgages and reliable mortgage financing for multifamily housing remain readily available and affordable. Testifying before the Senate Banking Committee, NAHB Chairman Rick Judson, a home builder from Charlotte, N.C., said that NAHB is a strong proponent of housing finance system reform.Click to continue

Sens. Tester, Corker and Isakson Reinforce Role of Housing in American Economy

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Sens. Jon Tester (D-MT), Bob Corker (R-TN) and Johnny Isakson (R-GA) stressed that ongoing efforts to reform the U.S. tax code and overhaul the housing finance system should take into account the important role that housing plays in the economy. The senators joined housing industry experts at a forum that examined the future of U.S. housing, "Building a Better Future: America's Housing at a Crossroads," at the Newseum in Washington, D.C.Click to continue

Appraisal Institute Offers Support of Value Energy Act of 2013

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The Appraisal Institute has announced its support for federal legislation that would improve the mortgage underwriting process by ensuring appraisers are provided relevant property information relating to green and energy-efficient features. The Appraisal Institute expressed its backing of the recently introduced Sensible Accounting to Value Energy Act of 2013, which is sponsored by Sens. Michael Bennet, (D-CO) and Johnny Isakson (R-GA).Click to continue

Sen. Isakson Asks for Revisions to QRM Rule

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U.S. Sen. Johnny Isakson (R-GA) has urged the Obama Administration to heed Federal Reserve Chairman Ben Bernanke’s warning that overly tight lending standards are a threat to our nation’s housing recovery. Over the past two years, Sen. Isakson has repeatedly called on the Administration to revise its proposed rule that would prevent responsible homebuyers from obtaining Qualified Residential Mortgages (QRMs) by requiring a 20 percent downpayment.Click to continue

Appraisal Institute Signs MOU to Work on Green Initiatives With State of Colorado

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The Appraisal Institute has signed a memorandum of understanding (MOU) with the state of Colorado to promote a wide use of tools to document home energy features. The groups also will jointly develop valuation studies. The Appraisal Institute will work with the Colorado Energy Office to identify Colorado market-specific trends in energy valuation. The organizations plan to collect information about the impact of energy efficiency on the residential real estate market and to share that data as trends emerge.Click to continue

More Than 700 Home Builders Lobby on Capitol Hill

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More than 700 home builders trekked to Capitol Hill on Wednesday to call on Congress to make housing and homeownership a national priority and to take concrete steps to get housing back on track in order to create jobs and keep the economy moving forward. "Though we are seeing some hopeful signs of recovery in many markets throughout the nation, our industry still faces stiff headwinds," said National Association of Home Builders (NAHB) Chairman Barry Rutenberg, a home builder from Gainesville, Fla.Click to continue