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Appraiserblogs
MARCH 7, 2024
It is presented as part of the GSEs “Appraisal Modernization” initiative, which aims to streamline the mortgage appraisal process. However, a closer examination reveals potential drawbacks, raising questions about its efficacy and impact on the housing market. appeared on Appraisers Blogs.
Appraisal Buzz
APRIL 15, 2024
By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. Most appraisers have diversity in their business channels.
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AmeriMac
MARCH 29, 2024
One important aspect of the reverse mortgage process is the appraisal, which determines the value of the property and plays a crucial role in determining the size of the loan. One of the most common types of reverse mortgages is the Home Equity Conversion Mortgage (HECM), which is insured by the Federal Housing Administration (FHA).
Miller Samuel
APRIL 27, 2019
After years of AMCs chipping away at the public trust, the New York AMC law was designed to protect the consumer. The criticism seems like a weird attempt at fogging since this law is protective of USPAP and the public trust, something that has been forgotten in the attempt to "modernize" the appraisal industry.
Appraisal Today
MARCH 15, 2024
Defining rural properties – USDA and GSEs Challenges of appraising rural properties Appraising rural properties presents unique challenges due to their diverse characteristics and market dynamics. We’ve found five glorious examples of glass houses on the market right now. By Dallas T.
Housing Wire
MARCH 21, 2022
Jody Bishop, president of the Appraisal Institute , said in a statement that “any progress that further evolves client relationships toward using the services of highly qualified designated appraisers is a win.”. “We You have faster appraisals for the borrowers than what was happening before,” said Zitin.
McKissock
OCTOBER 12, 2021
For many different reasons, properties can come on the market in less-than-par condition. The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. At some point it’s no longer “normal market value minus cost to cure equals as-is value.” ” Case in point.
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