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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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Practical Tips for Working With AMCs

Appraisal Today

Reconsideration of value and Appraisers. Mortgage Lending You decide. Mortgage Borrowers Can Challenge Inaccurate Appraisals Through the Reconsideration of Value Process. Excerpts: Accurate appraisals are essential to the integrity of mortgage lending. We all like free Liability advice!

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How to Find Comps With Few Sales

Appraisal Today

Take Note of GSE Requirements To read more, Click Here My comment: If you do residential lending appraisals, read this article! This will save time, especially when consumers request a Reconsideration of Value. from 0.65 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans. Very comprehensive.

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Reconsideration of Value and Appraisers

Appraisal Today

Excerpts: Suggested protocols for responding to Reconsideration of Value requests. Click here to listen to Tim Andersen, MAI’s podcast, “Reconsiderations of Value: Satan’s Own Seed, Right?” The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 5.94