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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. For appraisers, Section II.D.2.

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Why Appraisal Workfiles Are Important

Appraisal Today

This is one of the appraisal discrimination cases that has received significant attention – among appraisers, the media and government agencies. The defendant appraiser valued their home at $472,000; a second appraiser later valued it at $750,000 after the couple “whitewashed” the residence and had a white friend stand-in for them.

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How to Find Comps With Few Sales

Appraisal Today

Finally, we have an inside look (and some hard numbers) at how Fannie’s complaint process works and how many complaints these Government Sponsored Enterprises (GSEs) are actually filing against appraisers. This will save time, especially when consumers request a Reconsideration of Value. percent from 6.87 percent from 7.00

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Opinion: The path to modernizing the appraisal process

Housing Wire

of the properties in Black neighborhoods receive appraisal values lower than the contract price versus 7.4% Reconsideration of Value (ROV) process. Additionally, as directed by the Biden administration, the U.S. Consider that, per recent research by Freddie Mac , 12.5%