article thumbnail

CHLA: Here’s how to modernize ‘short-changed’ Ginnie Mae

Housing Wire

The Community Home Lenders of America (CHLA) on Wednesday released a plan that it says would “modernize” Ginnie Mae , the government-owned company that manages the securitization of government-sponsored loans. CHLA added in a statement that the release of these recommendations is designed to coincide with relevant news.

article thumbnail

Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal?

Appraiserblogs

Mass Appraisal tend to exhibit a regressive nature… In the intricate landscape of real estate mortgage financing, the notion of appraisal waivers recently dubbed “Value Acceptance”, by the Government Sponsored Enterprises (GSEs), has stirred considerable debate. Despite its roots in a methodology designed to support appraisers, Value.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Xactus’ valuation solution approved to fulfill Fannie Mae’s property data collection orders

Housing Wire

Freddie Mac’s ACE + PDR program and Fannie Mae’s Value acceptance + property data were designed to increase efficiencies for all stakeholders and lower costs in comparison to traditional appraisals while maintaining the high-risk mitigation standards employed by the government-sponsored enterprises (GSEs). “At

Valuation 404
article thumbnail

Cindy Chance named CEO of The Appraisal Institute

Housing Wire

Her teams designed and delivered ULI’s signature educational programs, including Product Councils, UrbanPlan, University Connections, Awards, and ULI Learning. The Appraisal Institute has been criticized for a lack of diversity in its ranks and acknowledged a need to modernize. According to the group’s own statistics, 78% of U.S.

Appraisal 374
article thumbnail

Opinion: Reformed FHA program will offer lenders new business opportunities

Housing Wire

Modern manufactured homes are an unusual feature of today’s housing market, the rare homeownership opportunity that is both lower-cost and high-quality. For lenders, the market offers the prospect of a new and growing line of business.

Business 444
article thumbnail

Fannie Mae makes further changes to appraiser independence requirements

Housing Wire

Government-sponsored enterprise Fannie Mae this week released new updates to its appraiser independence requirements (AIR), and also established new property data independence requirements (PDCIR) simultaneously. Fannie Mae published a new frequently asked questions (FAQ) document related to AIR this week.

Appraisal 343
article thumbnail

Going to Extremes

Appraisal Buzz

Add to this rising replacement costs and legal fees, increased government regulation, inflation, and fraud, and companies are bleeding about a billion dollars every three weeks. According to Mehlomakulu, ICON’s homes are 350% stronger and are designed to outlive the traditional spec home by nearly triple their life expectancy.

HOA 370