Appraisal Management Company | Dodd-Frank Wall Street Reform

Appraisal Management Company (AMC) An individual or business entity that performs appraisal management services, i.e. a person or entity that for a fee maintains and administers a list of appraisers and fulfills requests for appraisal services using the services of those appraisers An AMC selects and appoints the firm that will carry out valuation-related services, usually for a regulated institution, such as a bank or insurance company. “The term ‘appraisal management company’ means, in … [Read more...]

Risk Retention | Dodd-Frank Wall Street Reform Act

risk retention(US) The retention of a part of a risk, usually by ‘self-insurance’, of all or part of a potential business loss. As a rule, risk retention represents a contingent liability against which a company should set aside a reserve fund. In particular, a requirement of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. A “securitizer” of an asset-backed security (ABS) continues to accept part of the credit risk of any loss that might occur during the life … [Read more...]

US Property Statutes

Significant US Property Statutes that have been passed since the publication of the Encyclopedia of Real Estate Terms (Third Edition). Some recent significant US Property Statutes (with the appropropriate Real Estate Terms): Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 One of the most significant US Property Statutes to be passed since the Subprime mortgage crisis, which was one of the most significant cause of the Global Financial Crisis. The Act includes sixteen … [Read more...]