Remove understanding-the-roles-of-fannie-mae-and-freddie-mac
article thumbnail

Appraisal Management Company Compliance: Mastering the Rules

AmeriMac

AMCs play a crucial role in real estate by ensuring that appraisals are conducted objectively and impartially. In this blog post, we will explore these rules and regulations in detail, specifically focusing on the role of third parties. What is an appraisal management company, and why is compliance substantial?

article thumbnail

Appraisers: Be Careful with Your Words

Appraisal Today

by Dave Towne Excerpts: Appraisers, on July 17, 2023, a document from Freddie Mac was circulated to numerous appraisers around the US which identified certain words and other info that can be considered to be ‘BIASED’ in appraisal reports. I wrote about the July 17 Freddie announcement in this newsletter’s June 16, 2023 issue.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Appraisal bias plan promises barrage of actions in the near term

Housing Wire

On the heels of a Federal Housing Finance Agency blog post that found numerous mentions of protected classes in the free-form text entry portion of appraisal reports, the forms used by Fannie Mae and Freddie Mac will get an overhaul to rely on more objective data points.

Appraisal 421
article thumbnail

New Year, New You: Transforming Your Appraisal Career in 2023

McKissock

Most of these positions are offered by banks and credit unions, but AMCs also have similar roles. The VA, Freddie Mac, Fannie Mae, Ginnie Mae, HUD/FHA, USDA, and U.S. At the end of the holiday season, we start hearing the phrase repeatedly used in weight loss industry advertisements, “New Year, New You!”

article thumbnail

The Importance of Appraisal Reviews

AmeriMac

Appraisal reviews are often overlooked in the appraisal industry, but they play a crucial role in ensuring that appraisals are fair, accurate, and reliable. In this blog post, we will uncover appraisal reviews’ importance in the industry. In this blog post, we will uncover appraisal reviews’ importance in the industry.

article thumbnail

Understanding What Drives Mortgage Rates

Will Springer Realtor

You may be surprised to know the bond market plays a key role in how mortgage rates are determined. Mortgage bonds are individual loans packaged and sold to secondary-market buyers such as Freddie Mac, Fannie Mae and investment banks. Why the change? But what drives those rates? are sitting in a range of 5.5%-6.5%.

article thumbnail

Understanding the Role of an Appraisal Management Company

AmeriMac

Appraisal Management Companies (AMCs) play a crucial role in the real estate industry by providing independent appraisal services to lenders and other clients. While most people are familiar with the concept of an appraiser, many may not be aware of the important role that AMCs play in the appraisal process.