article thumbnail

Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal?

Appraiserblogs

Mass Appraisal tend to exhibit a regressive nature… In the intricate landscape of real estate mortgage financing, the notion of appraisal waivers recently dubbed “Value Acceptance”, by the Government Sponsored Enterprises (GSEs), has stirred considerable debate. million armed robbery of a… Certified Appraisers vs.

article thumbnail

Don’t miss the Vanguard Forum at HW Annual Oct. 4

Housing Wire

As our market rapidly moves from a state of frenzy to a more normalized state, mortgage and real estate executives are tasked with developing the strategies, financial resources and partnerships that position their businesses for market share growth.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Fannie Mae extends relaxed appraisal, lending standards

Housing Wire

And in a separate letter , Fannie Mae made the same announcement for flexibilities surrounding appraisals. HousingWire reached out to the company, and will update this story with any new developments. The post Fannie Mae extends relaxed appraisal, lending standards appeared first on HousingWire.

Lending 540
article thumbnail

Lenders see appraisal modernization as a top priority

Housing Wire

In March 2022 , the Federal Housing Finance Agency (FHFA) made hybrid appraisals a permanent fixture. Both Fannie Mae and Freddie Mac now allow appraisals to be conducted remotely, using public records such as listings and tax appraisals, for purchase loans.

article thumbnail

Proposed VA appraisal law looks to even the playing field

Housing Wire

In March 2022 , the Federal Housing Finance Agency (FHFA) made hybrid appraisals a permanent fixture. Both Fannie Mae and Freddie Mac now allow appraisals to be conducted remotely, using public records such as listings and tax appraisals, for purchase loans.

Law 397
article thumbnail

Agents fight misconceptions to win deals for military veteran clients

Housing Wire

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. VA loans are secured by the VA, and statutorily must be appraised by the VA and not just any appraiser.

Clients 396
article thumbnail

CFPB reverses pandemic flexibilities, vowing enforcement

Housing Wire

The information from these consumer reports are used to make many kinds of decisions, including whether a consumer can borrow money or how much he or she will pay in interest to finance a home or large purchase. How this will affect the reporting of delinquent loans, is yet to be delineated.

Insurance 410