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.
Appraisal Buzz
APRIL 15, 2024
By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. Most appraisers have diversity in their business channels.
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Annarbor Appraisal
SEPTEMBER 6, 2020
Most appraisers will respond to the ROV as a normal part of their business. Remember the appraisal is for the benefit of the lender to ensure there is adequate collateral for the property they are lending on. The post Challenging a mortgage appraisal appeared first on annarborappraisal.
Housing Wire
SEPTEMBER 21, 2021
Growing and investing in relationships and communities in the long term is one of the many opportunities presented by stricter fair lending regulations. For cases with a previous appraisal submission to the legacy EAD, the FHA is allowing for appraisal resubmission to be delivered through the legacy EAD portal until April 15, 2022.
Housing Wire
AUGUST 22, 2022
The second appraiser deducted $15,000 or 2% for not being on a busy road while Lanham took out $50,000, or 10% from the comps. housing industry with one of the recent lawsuits including a Black homeowner suing Wells Fargo alleging the bank’s lending algorithms amplified the U.S.
Appraisal Today
MARCH 15, 2024
This is an excellent diversification opportunity, with little competition from other appraisers or the GSEs use of other ways to get a value without human appraisers. You can expand your area to include rural appraisals to get more business. This kept appraisers busy. There may be seminars available.
McKissock
DECEMBER 28, 2021
Appraisers recently contacted by McKissock tend to agree that the profession will go generally well in 2022, with no major changes to the real estate market and no events on the horizon that could seriously upset appraisers’ business. Desktop appraisals, with information provided by third-party hirelings, may increase.
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