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FHFA takes a swing at racial bias in appraisal

Housing Wire

The Federal Housing Finance Agency (FHFA) is the latest stakeholder to examine how racial bias may creep into property valuations. But when the FHFA hunted for examples of racial bias by keyword searching the free-form commentary section in millions of appraisal reports, it found thousands of references to race and ethnicity.

Appraisal 427
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From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

Using the form structure, GSEs have been ingesting these eclectic abbreviations to develop a large database of residential valuation. In their software, appraisers have historical files that they may want to refer to, they have extensive template language already developed, and frankly they’re just used to it.

Appraisal 397
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7 best real estate schools in Florida (FL) for 2024

Housing Wire

Key takeaways AceableAgent offers courses for every stage or your real estate journey, from prelicensing to post-licencing and training to hone your professional skills. Includes specialty, core Law & Ethics CE training. All Post-License Courses meet Florida’s 45-hour post-licensing requirement for first-time renewals.

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7 best real estate schools in Illinois (IL) for 2024

Housing Wire

In addition to online courses, students appreciate that the prelicensing course comes with a complimentary physical textbook to read, highlight, and reference. Covers real estate math, concepts, brokerage, real property, contracts, appraisal, updated TILA/RESPA information & more. Self-paced. out of 5 stars Rating: 4.5

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Why Appraisal Workfiles Are Important

Appraisal Today

Particularly when speaking about the workfile, for my money, the most dangerous words in USPAP are “or references to the location(s) of such other data, information, and documentation.” Lanham, 20/20 Valuations, and loanDepot.com, U.S. District Court, Maryland. The settlement does not include the defendant appraiser. percent from 6.93

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How to Communicate Effectively with a Real Estate Appraiser in the Appraisal Process

Boston Appraisal

If you are buying or selling a property, or refinancing your home, you may encounter a real estate appraiser who will appraise your property based on its condition, features, location, and market trends and provide an appraisal valuation. The appraisal process is important for homeowners, buyers and sellers.

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Appraisal Institute Counters Flawed Appraiser Bias Narrative

Appraisal Today

For too long, appraisers have faced sweeping claims that their valuations are biased against certain groups, despite appraisers’ ethical standards, rigorous training, and lack of financial stake in transactions. In his private practice, Durbin focuses on complex residential valuation challenges. percent from 7.01 percent from 7.13