2022 Contracts Modernization Property Appraisal 
Housing Wire
NOVEMBER 30, 2021
The movement to embrace appraisal modernization techniques also holds the promise of removing the potential for racial bias, better supporting efforts to remove valuation gaps that persist in minority neighborhoods. of the properties in Black neighborhoods receive appraisal values lower than the contract price versus 7.4%
Appraisal Today
OCTOBER 27, 2023
Strange Encounters in Property Appraisal By: McKissock Excerpts: Property appraisal is not typically thought of as a “dangerous” profession per se. However, you may encounter some strange—or even spooky—properties from time to time. percent, its highest since November 2022.” percent the previous week.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Housing Wire
JUNE 14, 2022
The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. Fannie Mae also included efforts to “modernize” appraisals in its equity plans.
Housing Wire
MAY 27, 2022
Likewise, a 2021 Freddie Mac study of more than 12 million appraisals dating back to 2015 found that appraisers’ opinions of value were more likely to fall below the contract price in Black and Latino census tracts. Some researchers point to appraisal methodology as a culprit.
Clear Capital
JANUARY 5, 2023
She is not alone in addressing bias in appraisals and housing. Last year, President Joe Biden established the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE), which delivered an action report in early 2022 that described the extent, causes and consequences of misevaluation and undervaluation of properties.
Appraisal Today
JANUARY 20, 2023
Excerpts: Appraisers, I recently sent out a message asking appraisers to send me three data points comparing borrower-paid appraisal cost, and average AMC paid assignment fees in October, November 2021 and the same months in 2022 – for SFR assignments. An excellent way to get more appraisal business!
Clear Capital
JUNE 21, 2022
When Freddie Mac published the study, “ Discovery of Racial and Ethnic Valuation Gaps In Home Purchase Appraisals ” in late 2021, its conclusion, “that Black and Latino applicants receive lower appraisal values than the contract price more often than White applicants,” sent shockwaves through the mortgage industry.
Expert insights. Personalized for you.
395 
Let's personalize your content