Financial Institutions Reform, Recovery, and Enforcement Act of 1989

Appraiser Qualifications Board Adopts New Edition of the Real Property Appraiser Qualification Criteria

Retrieved on: 
Friday, June 23, 2023
The Appraisal Foundation, Enforcement Acts, Housing, Financial Institutions Reform, Recovery, and Enforcement Act of 1989, FIRREA, Tax advisor

WASHINGTON, June 23, 2023 /PRNewswire/ -- The Appraiser Qualifications Board yesterday voted to adopt the Second Exposure Draft of proposed changes to the Real Property Appraiser Qualification Criteria. The new edition will become effective on January 1, 2026.

Key Points: 
  • New edition will be effective January 1, 2026
    WASHINGTON, June 23, 2023 /PRNewswire/ -- The Appraiser Qualifications Board yesterday voted to adopt the Second Exposure Draft of proposed changes to the Real Property Appraiser Qualification Criteria.
  • "After our education forum last fall, it was clear that stakeholders saw a need for required fair housing and valuation bias training for all appraisers," said Appraiser Qualifications Board Chair Brad Swinney.
  • All exposure drafts are developed by the Appraiser Qualifications Board and released for public comment.
  • The Appraiser Qualifications Board is congressionally-authorized under Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989 to set the minimum qualifications for real estate appraisers.

FHLBank Pittsburgh Awards $1.5 Million to Four MVB Bank-Sponsored Affordable Housing Projects in North Central West Virginia

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Thursday, December 22, 2022
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FHLBank Pittsburgh (“FHLBank”) has awarded a total of $1.5 million to four North Central West Virginia projects, in partnership with MVB Bank, Inc., a wholly-owned subsidiary of MVB Financial Corp. (“MVB Financial”) (NASDAQ: MVBF) (collectively “MVB”).

Key Points: 
  • FHLBank Pittsburgh (“FHLBank”) has awarded a total of $1.5 million to four North Central West Virginia projects, in partnership with MVB Bank, Inc., a wholly-owned subsidiary of MVB Financial Corp. (“MVB Financial”) (NASDAQ: MVBF) (collectively “MVB”).
  • These awards are part of the 2022 funding round of FHLBank’s Affordable Housing Program (“AHP”) grants and voluntary housing grant initiative.
  • North Central West Virginia awarded projects include the following:
    Morgantown Community Resources, Inc., (“MCR”) was awarded $498,993 toward a building rehabilitation project that will provide housing and a counseling center in Morgantown for 26 veterans experiencing homelessness, addiction or difficulties living a productive life.
  • Under the Federal Home Loan Bank Act, FHLBanks contribute 10% of their net income to affordable housing through the AHP.

Former Federal Prosecutor Jaimie L. Nawaday Joins Seward & Kissel as Co-Head of Government Enforcement and Internal Investigations Group

Retrieved on: 
Tuesday, May 10, 2022
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Seward & Kissel LLP announced today that Jaimie L. Nawaday , a former federal prosecutor in the Southern District of New York, has joined the firm in New York as co-head of the Government Enforcement and Internal Investigations Group and partner in the Litigation Department .

Key Points: 
  • Seward & Kissel LLP announced today that Jaimie L. Nawaday , a former federal prosecutor in the Southern District of New York, has joined the firm in New York as co-head of the Government Enforcement and Internal Investigations Group and partner in the Litigation Department .
  • View the full release here: https://www.businesswire.com/news/home/20220510005295/en/
    Jaimie L. Nawaday, partner in the Litigation Department and co-head of the Government Enforcement and Internal Investigations Group at Seward & Kissel LLP.
  • She is a remarkable lawyer with a breadth of experience working in the regulatory, enforcement, and investigations space, said Michael G. Considine , co-head of Seward & Kissels Litigation Department and Government Enforcement and Internal Investigations Group.
  • I am excited to help lead the extraordinarily talented Government Enforcement and Internal Investigations Group at Seward & Kissel, noted Nawaday.