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A Push to Artificially Raise Property Values

Appraiserblogs

A new press release from Class Valuation, one of the largest US based AMCs, scampered across my office threshold on 5/17/22. the modern appraisal industry perpetuates racial inequality through its continued use of the “sales comparison approach”. But the push this times seems to be “only for certain people. I added the. A synopsis is….

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Opinion: What the ICE-Black Knight merger means

Housing Wire

The result is higher costs, lower productivity, unmeasured quality, and systemic exposure as government monopolies take most of the risk and make most of the money. Lenders began to define the “trust model” of standards, contracts and shared services necessary to achieve cross industry interoperability.

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The hybrid appraisal is here. Who benefits?

Housing Wire

Starting in July, the government-sponsored enterprise will allow remote inspections on some refinance loans it buys. Both desktop and hybrid appraisals, according to Fannie Mae, “have the benefit of reducing contact between borrowers and appraisers, thus lowering the likelihood of valuations being affected by personal or unconscious biases.”.

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How To Appraise Rural Properties

Appraisal Today

Unlike the standardized expectations of urban and suburban properties, rural properties often present unique characteristics that require a nuanced approach to valuation. It is not hard to learn the valuation factors. Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? By Dallas T.

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Help for troubled borrowers is on the way. But will it come soon enough?

Housing Wire

A $250 monthly child tax credit from the federal government for each child also helps the household. Governments and servicers were both quick to launch forbearance programs for over seven million mortgage borrowers during the pandemic, realizing the historic challenge borne out of the Covid-19 pandemic. But will end in December.

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Non-Arms Length Sales for Appraisers

Appraisal Today

What should appraisers look for in a sales contract? The One-Mile Rule: Prudent Policy or Modern Day Redlining? In the 1930’s, appraisers (then known as valuators) were instructed to follow a rating system. I have also done many relocation appraisals, done before the home is listed. I sometimes see low sales for various reasons.

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Why Appraisal Workfiles Are Important

Appraisal Today

Upon arrival, you’re greeted by a lavish motor court leading to timeless modern architecture. Lanham, 20/20 Valuations, and loanDepot.com, U.S. This is one of the appraisal discrimination cases that has received significant attention – among appraisers, the media and government agencies. District Court, Maryland.