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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

New FHA ROV Policy By Dave Towne, May 3, 2024 Excerpts: Up until recently, there has never been a standardized policy for mortgage loan related Reconsideration of Value (ROV) requests after an appraisal has been submitted. Now there is, per the attached PDF HUD/FHA mortgage letter. The mortgage loan officer handling the loan?

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Value of a Pool for Homes?

Appraisal Today

Keep in mind the presence of a pool could be about lot size also – not just the price range. NOTE: Please scroll down to read the other topics in this long blog post on changing real estate market, interest rate forecasts, non lender appraisals, foreclosures way down from 2008, Freddie and ANSI, unusual homes, mortgage origination stats, etc.

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Fannie Files Complaint Against Appraiser

Appraisal Today

I have redacted the areas that could reveal sensitive information. NOTE: Please scroll down to read the other topics in this long blog post Modular Homes Data Plates, ADU income, Pickleball courts and other interesting home improvements, , unusual homes, mortgage origination and more! Or hit the reply button.

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Logan Mohtashami’s 2023 housing market forecast

Housing Wire

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Mortgage rates. Home price s.

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VA Approves Desktops and Exterior-Only Appraisals

Appraisal Today

I wrote about the VA in my July 8 email newsletter. My comments : The big push to cut down on appraisal turn times because of the appraisal shortage is Very Old News since mortgage volume has plummeted. Excerpts from Zillow listing: 9 bedrooms, 8 baths, 5,000 sq ft, 6.69 Or, hit the reply button. To read it, click here.

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NAR: Appraisal License Equivalency Credit for RE Agents?

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on George Harrison passed, Appraisal business, marketingunusual homes, mortgage origination stats, etc. I looked on Facebook a few minutes before turning off my phone for 8 days. He nurtured me, mentored me, and made me think I could do the impossible.

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Appraisals – Check the Water Source!

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. It looks like the change is starting because of increasing mortgage interest rates. I have included some of the articles below. 8-minute podcast.