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Trade groups express concern to FHFA over historic credit data

Housing Wire

The VantageScore dataset that is scheduled to be made available includes information going back to 2013, which is not far enough, the groups assert. FHFA was comfortable approving VantageScore 4.0 for use by the GSEs based on limited historical data,” the letter reads.

Legal 343
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OK to average adjusted comps on appraisals?

Appraisal Today

In Sacramento, Invitation Homes went on a rampage in 2012 and 2013, and purchased more steadily in subsequent years. The first question to talk about is this: “Does the real estate appraiser have any ethical, moral, or legal responsibility to protect the consumer/mortgagor2, 3, 4 when appraising a property for a mortgagee/client?”…

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HUD plans to restore 2013 version of discrimination rule

Housing Wire

Department of Housing and Urban Development published a proposal to the Federal Register on Friday that would rescind the department’s 2020 disparate impact rule and restore the 2013 discriminatory effects rule. The state of the housing market for first-time homebuyers and communities of color.

Legal 347