ROV (Reconsideration of Value) Changes – FHA and GSEs
Appraisal Today
MAY 10, 2024
VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. The mortgage loan officer handling the loan? It initially began as a test program in the early 2000s and was expanded to all areas of the country in 2003, as a result of VA Circular 26-03-11.
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