Housing Wire
AUGUST 3, 2022
National appraisal management company Class Valuation is extending its reach, with the acquisition of yet another appraisal management company. Class Valuation said it would bring on AppraisalTek’s 75 full-time employees. The acquisition is Class Valuation’s fifth in recent years.
Housing Wire
APRIL 24, 2023
District Court in Maryland in which an appraiser, Shane Lanham, is being sued, as well as the lender, loanDepot , related to alleged racial bias. Our members have a substantial interest in this case because there is no existing legal authority to hold a lender liable for the acts of a third-party appraiser.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Housing Wire
AUGUST 22, 2022
A Maryland couple is suing appraisal firm 20/20 Valuations , its appraiser and mortgage lender loanDepot after their home was appraised at a far lower value than it was a few months later when they removed indications that a Black family lived there. Presented by: Altisource.
Housing Wire
FEBRUARY 16, 2022
The Federal Housing Administration announced this week that lenders have an additional year before they must submit appraisals through the FHA Catalyst: EAD Module. The previous deadline, announced in mid- 2021, was March 14, 2022. I feel really good about where we are with FHA Catalyst,” she told HousingWire.
Housing Wire
FEBRUARY 8, 2022
There were risks, FHFA wrote, because a ”uniform regulatory framework does not exist at both the state and federal levels that holds non-appraisers accountable for their work on appraisals.” A recent federally commissioned report further detailed the appraisal industry’s dysfunctional regulatory regime.
Housing Wire
MARCH 21, 2022
Even if it has not made quite the outsized impact UWM said it would, appraisers mostly like the wholesaler’s new program. Some appraisers take issue not with the program itself, but with the software and payment platform it uses. New blood in the appraisal space.
Housing Wire
MARCH 31, 2021
In March 2020, the CFPB announced it would no longer require certain lenders to report quarterly information under HMDA, however, now the agency is instructing all financial institutions to do so beginning with their 2021 first-quarter data due by May 31. How servicers can stay ahead of Biden’s potential regulatory changes.
Expert insights. Personalized for you.
342 
Let's personalize your content