FHA ends field review requirement for certain mortgages
The Federal Housing Administration will no longer require lenders to obtain appraisal field reviews for a selection of FHA-approved mortgages, ...
Tag: Appraisals
Effective strategies for managing an appraiser shortage
The financial industry is facing a shortage of appraisers. Whether there will be enough appraisers to complete future residential or ...
HUD reverses Biden-era policies on appraisal review, disbands task force
HUD eliminated several of the core policies adopted by the Property Appraisal and Valuation Equity task force, an interagency group ...
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.
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 ...
