ROV (Reconsideration of Value) Changes – FHA and GSEs
Appraisal Today
MAY 10, 2024
These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). OK, so who exactly decided the value should be HIGHER than what the appraiser reported, before an appraisal was ordered? The GSE’s have similar policies.
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