Housing Wire

JUNE 22, 2023

Appraisal Insights , an appraisal education company committed to eradicating bias, announced its official launch this week. The goal is to quip key stakeholders and decision-makers in the housing industry with the knowledge necessary for preventing bias and enhancing the quality and integrity of real estate appraisals.

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Housing Wire

FEBRUARY 12, 2024

The Federal Financial Institutions Examination Council (FFIEC) on Monday issued a statement outlining examination principles related to valuation and appraisal discrimination or bias in residential lending. FFIEC is a federal interagency coalition consisting of the Federal Reserve Board of Governors (FRB), the Federal Deposit Insurance Corp.

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Appraisal Buzz

JUNE 9, 2021

The post Industry and Government Collaborate on Solutions appeared first on DSNews. The post Industry and Government Collaborate on Solutions appeared first on Appraisal Buzz.

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Appraisal Buzz

SEPTEMBER 19, 2022

The post Five Star Labs Spotlight Servicing, Government, Property Management Experts appeared first on DSNews. The post Five Star Labs Spotlight Servicing, Government, Property Management Experts appeared first on Appraisal Buzz.

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Appraisal Buzz

SEPTEMBER 1, 2021

The post Government Agencies Seek Affordable-Housing Solutions appeared first on DSNews. The post Government Agencies Seek Affordable-Housing Solutions appeared first on Appraisal Buzz. The White House—with HUD, FHFA, Treasury, and other departments—announced a a series of actions aimed at removing barriers to homeownership.

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Housing Wire

APRIL 6, 2023

The Federal Housing Finance Agency (FHFA) will host the Appraisal Subcommittee (ASC) in May for its second public hearing on appraisal bias. At the first ASC hearing in January, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra took aim at the dysfunctional regulatory system that governs the appraisal industry. “I

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Appraisal Buzz

JUNE 24, 2021

The post Government Agencies Extend COVID-Related Moratoria appeared first on theMReport.com. The post Government Agencies Extend COVID-Related Moratoria appeared first on Appraisal Buzz.

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Appraisal Buzz

FEBRUARY 21, 2022

The post Five Star Government Forum Returns to D.C. The post Five Star Government Forum Returns to D.C. This April appeared first on Appraisal Buzz. Bank, and more. This April appeared first on DSNews.

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George Dell

SEPTEMBER 21, 2023

Quasi-government “Congressionally-authorized” appraisal standards require “correct” research and analyses. Does this say – it’s […] The post A Correct Appraisal? Does this say – it’s […] The post A Correct Appraisal? What does that mean? What is correct? And who decides? It’s in Standard 1. Be correct.

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Housing Wire

AUGUST 8, 2023

AURA integrates appraisal quality analytics driven by machine learning and photo AI into loan origination and order management platforms. Through the AURA API solution, technology partners can provide lenders with a consolidated version of all the necessary data to assess the risk associated with an appraisal.

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Appraisal Buzz

MAY 10, 2021

The post Government Regulations Factoring Into Rise of Home Prices appeared first on theMReport.com. The post Government Regulations Factoring Into Rise of Home Prices appeared first on Appraisal Buzz.

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Housing Wire

NOVEMBER 15, 2023

Michigan-based United Wholesale Mortgage (UWM) wants to court more brokers by offering no-cost appraisals on 1-0 temporary rate buydowns amid fierce competition in the industry.

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Appraisal Buzz

SEPTEMBER 1, 2022

The post Servicing & Compliance Lab to Showcase Servicer, Government Experts appeared first on DSNews. The post Servicing & Compliance Lab to Showcase Servicer, Government Experts appeared first on Appraisal Buzz.

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Appraisal Buzz

SEPTEMBER 20, 2022

The post Five Star Foreclosure Lab Showcases Servicer, Government, Attorney Experts appeared first on DSNews. The post Five Star Foreclosure Lab Showcases Servicer, Government, Attorney Experts appeared first on Appraisal Buzz.

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The Appraiser Coach

MARCH 19, 2024

As a real estate investor, I have the opportunity to rub shoulders with all kinds of people, even other appraisers on occasion. With a recent house purchase in another state, I got a call from the appraiser of this property as he was planning a visit out there. To get the mix just right, you need a little bit of both.

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Housing Wire

JANUARY 14, 2021

The Federal Housing Finance Agency (FHFA) announced on Thursday it has extended relaxed lending and appraisal standards put in place due to COVID-19 another month for both Fannie Mae and Freddie Mac. The flexibilities surrounding alternative verifications of employment and appraisals were originally set to expire on Jan.

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Housing Wire

DECEMBER 11, 2020

Mortgage giant Fannie Mae extended its relaxed lending and appraisal standards put in place due to COVID-19 into the new year. The flexibilities surrounding verbal verification of employment and appraisals were originally set to expire on Dec. 31, 2020, however Fannie Mae is now pushing that back to at least Jan. 31, 2021. “We

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Appraisal Buzz

JUNE 3, 2021

In today’s Buzzcast, we dive into the topic of the new legislation happening and how it’s affecting appraisers. Today we have Bill Garber, Director of Government and External Relations from The Appraisal Institute giving a deeper look with Joan Trice, Founder of Allterra Group, LLC. What is the Valuation Fairness Act?

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Appraiserblogs

MARCH 7, 2024

Mass Appraisal tend to exhibit a regressive nature… In the intricate landscape of real estate mortgage financing, the notion of appraisal waivers recently dubbed “Value Acceptance”, by the Government Sponsored Enterprises (GSEs), has stirred considerable debate. appeared on Appraisers Blogs.

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Housing Wire

JANUARY 3, 2022

Appraisal management company Clear Capital , in the latest effort to revamp the appraisal process, hopes to automate property photo reviews to ensure data and photo consistency with its photo review product , ClearPhoto. Permanent desktop appraisals are a win for everyone – here’s why. Presented by: Accurate Group.

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Housing Wire

AUGUST 25, 2022

With recent developments from Fannie Mae and Freddie Mac to pursue a more digital appraisal process that could both speed up the process and remove any unconscious bias from it, it is important for industry professionals across the space to stay at the top of their game. 3-5 is proud to present an appraisal-centered session this year.

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Appraisal Buzz

MAY 6, 2024

Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), and government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are now allowing home appraisals to get a second look when bias is suspected in the appraisal process.

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Housing Wire

MARCH 11, 2021

The Federal Housing Finance Agency (FHFA) announced on Thursday that it has again extended relaxed lending and appraisal standards for both Fannie Mae and Freddie Mac. The COVID-19-related flexibilities surrounding alternative verifications of employment and appraisals were originally set to expire on March 31, 2021.

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Housing Wire

AUGUST 2, 2023

Government-sponsored enterprise Fannie Mae this week released new updates to its appraiser independence requirements (AIR), and also established new property data independence requirements (PDCIR) simultaneously. Lenders typically use appraisal management companies (AMCs) to transfer the compliance burden associated with AIR.

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Appraisal Buzz

FEBRUARY 7, 2022

Fannie Mae announced on January 19, 2022 that they will be accepting desktop appraisals for eligible loan transactions. The team at Fannie Mae were the first to announce requirements lockstep with their Regulator that desktop appraisals will become a normal part of the appraisal product landscape. Appraisal Labels.

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Appraiserblogs

OCTOBER 12, 2022

The government wants to move to a fully automated appraisal format, and the more that they can dirty the narrative in their favor, the quicker they get to their objective… This just in: In a recent memo, the CFPB wants you to know that if you are buying a home, that you can contest your appraisal. Where is my incentive again?

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Housing Wire

MAY 23, 2023

In the past few years, appraisal bias has come to the forefront of conversations about appraisals and how they can be improved. At Tavant , they’re taking a look at the past and present of appraisals to prepare for a better future. We often hear the statistic that the average appraiser is a 57-year-old white male.

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Appraisal Buzz

JANUARY 10, 2022

When it comes to the appraisal report, there are five primary risks lenders are working to mitigate. Here’s a brief look at valuation risk through the eyes of a lender or an Appraisal Management Company. Risk 1: Appraiser risk. Banks are required by regulation to use licensed and certified appraisers. The post Wait!

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Appraisal Buzz

MAY 28, 2021

The post Non-Government Loans See Jump in Forbearances; Huge Inflation, But Here's Housing's Bigger Problem appeared first on Appraisal Buzz.

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Housing Wire

APRIL 9, 2021

closed on the acquisition of appraisal management software firm Appraisal Now for approximately $30.5 Appraisal Now, better known as “ Anow ,” makes an automated appraisal workflow management platform for the global appraisal market. Canadian real estate technology company Voxtur Analytics Corp.

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Housing Wire

MARCH 23, 2023

Thursday, March 23 marks the one-year anniversary since the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released its action plan to curb instances of bias in the housing appraisal process. Led by U.S.

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Housing Wire

MAY 23, 2022

A piece of legislation introduced in the Senate in mid-May could streamline the appraisal process for VA loans. The legislation would modernize the Department of Veteran Affairs ‘ appraisal requirements by allowing desktop appraisals, and in some circumstances, waving appraisals all together.

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Housing Wire

NOVEMBER 17, 2022

Jim Amorin, the CEO of the Appraisal Institute , on Thursday announced his resignation from the appraisal trade group. In a statement, the Appraisal Institute said Amorin’s five-year term will end effective Feb. The racial gap itself in appraised values increased by 75% during that period. as Hispanic.

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Appraiserblogs

MARCH 28, 2024

This is one of the appraisal discrimination cases that has received significant attention – among appraisers, the media and government agencies. They alleged that the appraiser had taken in account their race in his valuation of their home in violation of the federal Fair Housing Act and other laws prohibiting.

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George Dell

JANUARY 19, 2022

Government regulations should serve the public trust. Being government is not easy. Government regulations, by their very nature, can bog down progress. The post Is Appraisal Obsolete? How can this not work? There are always trade-offs. Regulations follow some general principles regarding […].

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Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser. Made to order.

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Appraiserblogs

JANUARY 8, 2024

It is appraisers who are destroying the message. The seeming destruction of the appraisal profession by the federal government, GSEs and lending stakeholders is a collective action problem. Appraisers are responding to new GSE and lending dictates with reactions based on our own personal well-being. Or so it seems.

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