Reconsideration of value: A critical component of appraisal review
Ensuring appraisals and other types of property valuations are accurate is not just about fair lending.
Tag: Appraisals
Banking agencies pause appraisal requirements to facilitate California wildfire recovery
Banking regulators have temporarily paused certain appraisal requirements for real estate-related transactions in in Los Angeles County to facilitate recovery ...
FHA rescinds reconsideration of value policies on appraisals
The FHA issued a mortgagee letter rescinding three appraisal policies concerning fair housing considerations, part of what the agency said ...
ABA joins groups in creating ROV white paper
ROV allows borrowers to request that appraisers re-assess the appraised value of a property due to potential reporting deficiencies or ...
Fannie Mae, Freddie Mac push back reconsideration of value application deadline
Fannie Mae and Freddie Mac have extended the effective date for the appraisal reconsideration of value, or ROV, requirements to ...
Federal agencies finalize rule on automated valuation models
Six federal agencies issued a final rule to regulate the credibility of algorithmic models used in real estate valuations.
OCC, FDIC adopt final rule on automated valuation models
The OCC and FDIC finalized a rule to regulate the credibility of algorithmic models used in real estate valuations, part ...
Housing agencies release new requirements to reduce appraisal bias
Both FHA and FHFA announced new policies that will allow borrowers to challenge property appraisals if they believe the appraisals ...
FFIEC releases principles for monitoring for appraisal bias in bank exams
FFEIC released a set of principles to guide banking regulators when monitoring for discrimination in residential property appraisals and evaluations ...
Recent FHFA blogs address appraisal time and disparities
The blog does not seek to determine the cause or propose potential solutions, though FHFA states that future blogs may ...
