Development Law Reconsideration of Value Valuation 
Housing Wire
MAY 2, 2024
Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) this week announced a new policy enabling mortgage borrowers to “request a re-assessment of the appraised value of their property if they believe that the appraisal was inaccurate or biased.”
Housing Wire
MARCH 9, 2021
The Department of Housing and Urban Development (HUD) has announced that JPMorgan Chase has come to an agreement with a Black homeowner who claimed the bank’s mortgage division – relying on a valuation done by an appraiser – valued her home at an amount lower than its actual worth because of her race.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Housing Wire
MARCH 23, 2022
The Department of Housing and Urban Development ’s long-awaited action plan on appraisal bias outlines administrative actions the federal government will quickly take to address mis-valuations. One challenge in assessing the scope of appraisal bias is rooted in the informal process of challenging an appraised value.
Appraisal Buzz
FEBRUARY 7, 2022
The markets perceived no additional risk in transactions where the appraiser signing off on the valuation of the collateral being utilized for a credit decision did not physically inspect the property. Inspection relief was successful as lenders and appraisers developed appropriate processes. Lenders rely on regulation and policy.
Appraisal Today
APRIL 5, 2024
Lanham, 20/20 Valuations, and loanDepot.com, U.S. They alleged that the appraiser had taken into account their race in his valuation of their home in violation of the federal Fair Housing Act and other laws prohibiting discrimination. Significant developments have occurred in the case. District Court, Maryland.
Birmingham Appraisal
SEPTEMBER 15, 2022
Basically, an appraisal determines the value of a property, and the home inspection reports the home’s overall condition as well as that of the different systems. Appraisers develop an opinion of value for the subject property for various reasons including mortgage underwriting.
Appraisal Today
FEBRUARY 23, 2024
The property data collection process by unlicensed and unregulated people hampers the appraiser trainee’s development and hurts the next generation of licensed and certified appraisers. This will save time, especially when consumers request a Reconsideration of Value.
Expert insights. Personalized for you.
354 
Let's personalize your content