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Appraisal Institute Counters Flawed Appraiser Bias Narrative

Appraisal Today

For too long, appraisers have faced sweeping claims that their valuations are biased against certain groups, despite appraisers’ ethical standards, rigorous training, and lack of financial stake in transactions. The transformation is required at the end of 2026 with testing beginning late 2025. He has been around for a long time.

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HUD outlines reverse mortgage wish list in budget proposal

Housing Wire

million to fund a training grant that would, in part, “enable specialized training that will prepare counselors to support expanded HECM counseling and to better understand property valuation bias so that they can effectively counsel clients on this topic,” according to congressional justifications for the budget. HUD is requesting $2.5

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

Appraisal Today

To see the timeline (from 2018 to 2026) PDF, Click Here Too large to include in this newsletter. Appraisers must tread carefully when utilizing 2023 comparable sale data in valuation modeling and consider localized market trends.

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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.