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FHFA releases fair lending final rule

Housing Wire

The Federal Housing Finance Agency (FHFA) this week released its fair lending final rule, following up on a proposal made last year in alignment with plans first laid out in 2022 by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. The effective date for this provision is Feb. These include having served nearly 2.6

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UAD Redesign Timeline

Appraiserblogs

Appraisers, to see more about the upcoming new UAD currently in design, read the Updated Timeline link in the message below. My concern at this point is ‘training’ materials will be available in Q4 2024, but actual implementation of the ‘new reporting process’ won’t begin until Q3 2025 with limited production, into 2026.

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Appraisal Institute Counters Flawed Appraiser Bias Narrative

Appraisal Today

Appraisal Institute Counters Flawed Appraiser Bias Narrative Excerpts: In reality, appraisers have a great story to tell, but we have a long way to go to refocus the terribly flawed “appraiser bias” narrative onto facts and science. Industry groups should also step up to support appraisers. It is human nature.

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With strategic plan, FHFA charts new course

Housing Wire

The conservator of Fannie Mae and Freddie Mac on Wednesday laid out three broad strategic goals for 2022 to 2026: safety and soundness, equitable access to affordable and sustainable housing, and responsibly managing FHFA’s infrastructure. But the status of the agency’s efforts to accomplish that goal is less clear.

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How can we bridge the talent gap in title and escrow?

Housing Wire

Much has been written about the decline in the numbers of active real estate appraisers creating a chokepoint in the mortgage process. It’s a similar story that we’ve seen play out with appraisers — the title and escrow industry is aging out and attracting new talent has been a challenge. in 2026 — compared with 17.5%

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2024 Updated UAD and URAR – What does It Mean for You?

Appraisal Today

The Appraisal World Is Changing January 25, 2024 Excerpts: There has been a lot of talk about the Uniform Appraisal Dataset (UAD) and Uniform Residential Appraisal Report (URAR) redesign initiative, and how it will make life easier for appraisers. 2024 Updated UAD and URAR – What does It Mean for You?