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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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White House marks one year of PAVE appraisal bias action plan

Housing Wire

Department of Housing and Urban Development (HUD) Secretary Marcia Fudge and White House Domestic Policy Advisor Ambassador Susan Rice, the PAVE task force revealed its action plan one year ago and claims that its efforts have amounted to “critical progress” in its efforts to make the homebuying process more equitable for people of color.

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How to Ease the Transition to Senior Living

Cleveland Appraisal Blog

Get Your Finances in Order. They will also learn many practical solutions for daily living, such as how to use technology and work with their finances. Andrea Gibbs is the Content Manager at SpringHive Web Agency , a company that offers web design services, maintenance, and Internet marketing. Is the Sun Setting on High Prices?

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Kamala Harris talks proposed AVM bias rule as White House announces new appraisal actions

Housing Wire

Today, I’m proud to announce we are developing a rule that will require that financial institutions ensure that their appraisal algorithms are not biased, for example, that they do not produce lower valuations for homes owned by people of color,” Harris said Thursday in a call with reporters.

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Opinion: The path to modernizing the appraisal process

Housing Wire

Reconsideration of Value (ROV) process. After a summer filled with overwhelming demand and too little appraisal capacity, which increased loan costs and time to close, there is finally light appearing at the end of the tunnel. Additionally, as directed by the Biden administration, the U.S.