Housing Wire

MAY 23, 2024

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. The study, released late last year, examined three core elements of HECM program effectiveness between 2000 and 2020.

Home Value 369

Home Value Development Property Appraisal Mortgage 369

The Robert Weiler Company

NOVEMBER 9, 2022

Hundreds of international companies call Columbus their home, including Battelle Memorial Institute, the world’s largest private research and development foundation. Census Bureau, Columbus, Ohio has ranked #1 for population growth among comparable large Midwest metro areas between 2010 and 2020. from 2010 to 2020.

Transportation 78

Transportation Real Estate Supply Chain Investing 78

DataMaster

MARCH 17, 2021

This Opinion addresses Fair Housing Laws: Avoiding Bias in Real Property Appraisal and Appraisal Review Development Reporting. Until the last year or two, the wording of this Advisory Opinion seemed sufficient to satisfy any of the needs of appraisers to avoid the appearance of bias in their appraisals.

Appraisal 78

Appraisal Inspection Property Appraisal Law 78

DataMaster

MARCH 17, 2021

This Opinion addresses Fair Housing Laws: Avoiding Bias in Real Property Appraisal and Appraisal Review Development Reporting. Until the last year or two, the wording of this Advisory Opinion seemed sufficient to satisfy any of the needs of appraisers to avoid the appearance of bias in their appraisals.

Appraisal 78

Appraisal Inspection Property Appraisal Law 78

Housing Wire

SEPTEMBER 17, 2022

The Federal Housing Administration on Thursday said it would pause the mandatory effective date for its electronic appraisal delivery module because it is “reassessing aspects of [its] development and implementation.”. FHA will provide further updates on its plans for electronic appraisal delivery as they become available.”.

Appraisal 380

Appraisal Property Appraisal Development Insurance 380

The Robert Weiler Company

MARCH 15, 2021

Committed to 20 percent affordable housing options, the River & Rich project is a story of renewal and community rebirth via unique properties for sale. And, it is a major development that the Columbus region should celebrate. However, before you head over there, let’s talk about special purpose property appraisal.

Appraisal 158

Appraisal Property Appraisal Real Estate Buyers 158

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.

Reconsideration of Value 454

Reconsideration of Value Appraisal Valuation Appraisal Process 454

McKissock

MAY 14, 2023

for mortgage financing purposes or tax assessment appeal purposes) Identification/brief description of the property appraised Real property interest appraised (e.g., Editor’s note: This post was originally published on June 23, 2020 and updated in May 2023. fee simple, leased fee, etc.)

Appraisal 87

Appraisal Appraisal Process Property Appraisal Real Property 87

Appraisal Today

JUNE 23, 2023

In it, Fannie boldly proclaims that they are “moving away from implying that an appraisal is a default requirement.” Fannie has been upfront about its interest in developing appraisal “alternatives.” It is rumored that FHFA approached both GSEs and asked them to “find solutions” to the “appraisal bottleneck.”

Appraisal 86

Appraisal Real Estate Valuation Contracts 86

Housing Wire

OCTOBER 23, 2020

Previously, the FHA integrated its Electronic Appraisal Delivery module to the Catalyst platform for lenders to submit, track and manage single-family property appraisals. 30, 2020 and will not be a required replacement of other automated underwriting systems that accommodate FHA-insured mortgages.

Modernization 437

Modernization Contracts Insurance Technology 437

Housing Wire

JULY 29, 2021

The interagency task force to combat inequity in appraisals, led by Housing and Urban Development Secretary Marcia Fudge, will be co-chaired by former United Nations ambassador Susan Rice. Black homeowners routinely remove any signs that would reveal their race from their homes to prepare for an appraisal.

Appraisal 545

Appraisal Valuation Training Law 545

Appraisal Today

JUNE 17, 2022

Excerpt: We continue to see claims alleging that the rural property appraiser failed to adequately identify or report details surrounding a water source. In one claim, the appraiser correctly noted that the property was serviced by a “private water well.” It did not even though many lots nearby were developed.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Empire Appraisal Group

MARCH 31, 2022

But permit requests citywide for significant demolitions of parts, or all, of a single-family residence reached about 115 last year, a 49% increase over the average between 2018 and 2021, and a 68% jump from 2020, according to city records. It tells an important story about the history and development of our area.”.

Design 78

Design Architecture Realtors Development 78

Boston Appraisal

JUNE 24, 2019

This is due in part to the fact that, to establish the market value of a property, appraisers must present in their report comparables with similar features to support the opinion of value. In the absence of green comparables, appraisers have little evidence to conclude that solar panels and other features add value to a building.

Appraisal 78

Appraisal Real Estate Market Value Technology 78

Clear Capital

MAY 24, 2022

Each year, technology plays more of a role in valuing homes for property appraisals , loan originations, secondary market investments, and even portfolio monitoring. So when it comes to valuing properties in a volatile market, as we experienced in the years since the pandemic, choosing the right AVM is imperative.

Housing Market 69

Housing Market Valuation Marketing Real Estate 69

Appraisal Today

NOVEMBER 20, 2022

Due to the shortage of review appraisers (exacerbated by low fees and time pressures), tens of thousands of poorly created appraisals were accepted without receiving adequate review. Many appraisers were bragging about their ability to fill out two or three appraisal forms a day and receive no call-backs from lenders.

Appraisal 52

Appraisal Real Estate Agent Real Estate Contracts 52

Housing Wire

MAY 27, 2022

Likewise, a 2021 Freddie Mac study of more than 12 million appraisals dating back to 2015 found that appraisers’ opinions of value were more likely to fall below the contract price in Black and Latino census tracts. Some researchers point to appraisal methodology as a culprit. The scope of the challenge should not discourage us.

Appraisal 364

Appraisal Valuation Technology Modernization 364