Government Legal Lending Valuation 
Housing Wire
JANUARY 24, 2022
The appraisal industry’s “byzantine regulation structure,” according to the report’s authors — experts in fair housing, fair lending and valuation — has stunted the appraisal industry’s understanding of fair housing risk. The post The appraisal industry’s governance problem appeared first on HousingWire.
Housing Wire
AUGUST 22, 2023
The Mortgage Bankers Association (MBA) and the Consumer Bankers Association (CBA) sent a letter to regulators on Monday warning of the “unintended consequences” of new quality control standards for automated valuation models (AVMs). the trade groups state. ” Another trade group weighed in on the newly proposed rule.
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Housing Wire
MAY 27, 2022
The requirement also applies to mortgage lenders, legal experts say. The CFPB, a government watchdog agency, said lenders aren’t absolved from adverse action notice requirements under the Equal Credit Opportunity Act if they use complex algorithms, which Rohit Chopra, the director of the CFPB, has dubbed “black-box models.”.
Housing Wire
JUNE 21, 2023
At the top of the list of housing issues the Bureau will aim to address is a rule related to automated valuation models (AVMs). Department of Housing and Urban Development (HUD), the regulator’s agenda will address issues relevant to the housing industry.
Housing Wire
JUNE 1, 2021
HUD has also taken steps to craft a rule on the legal duty to Affirmatively Further Fair Housing. How hybrid title and valuations help increase lending efficiency. Developers, lenders or local governments could compete for the funds through an application process. Streamline by combining services.
Housing Wire
JUNE 14, 2022
According to Freddie Mac’s equitable housing finance plan, it could be the expansion of automated valuation models. Using its automated valuation models “leads to relatively lower racial gaps,” Freddie Mac said. Appraisers have, in the past, fretted over liability and data reliability.
Housing Wire
MAY 25, 2021
One significant factor behind the lack of evolution in the appraisal industry is that the American housing market has grown at a much higher rate than the pool of licensed professionals that are legally certified to appraise residential real estate. And appraisal waivers would be informed, not blind. Delegating onsite data collection.
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