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Fannie and Freddie Release New Hybrid and Desktop Forms for Testing

McKissock

As part of their appraisal modernization efforts, Fannie Mae and Freddie Mac (the GSEs) have issued test forms for Hybrid and Desktop appraisal assignments. These two terms are often used interchangeably by appraisers and clients, but under the GSEs’ new definitions, they are different types of assignments. Written by Dan Bradley.

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Maintain that Workfile

Appraisal Buzz

Real property appraisers have had quite a bit dumped on them in the past couple of years. The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in real property appraisal is cause for concern.

Appraisal 417
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Strange Properties Appraisers Have Seen

Appraisal Today

This satisfies the affordable housing element,” Al Salguero, real property division manager at the Orange County Assessor’s Office, told the publication. Going Above and Beyond with AMCs and Other Clients 5. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 7.52

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Appraising Unusual Properties

Appraisal Today

Possibilities include: Notify the client of potential for delays in delivery dates. As a side note, after much ado — the real property Standard 1 has only one word change in five years.) To read more, click here My comments: For decades, George has been trying to “modernize” how appraisals are done. A Man On a Mission!

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Fannie Mae Takes A Closer Look at Appraisals

Appraisal Today

From accusations of bias or discrimination to failure to disclose significant real property appraisal assistance, it can be really alarming if a licensing board reaches out and notifies you of a complaint. Failure to analyze the sales history of the subject property. By McKissock November 15, 2022. To read more, click here.

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Reconsideration of Value and Appraisers

Appraisal Today

Maintain USPAP compliance – Confirm the ROV request came from your client, either directly or through the client’s AMC, acting as an agent for the client, or other party designated as an agent by the client. Get the relevant date of value from the client or client’s attorney. Excerpts: 2.