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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. appeared on Appraisers Blogs.

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Ready or not, CRA modernization is at the door

Housing Wire

Still, the proposed rule could set the stage going forward for expanding the CRA’s reach and the increased consideration of community performance during merger reviews — as banking agencies weigh future changes to regulations governing those transactions. That’s a great simplifier, and it’s also great for communities,” Roberts said.

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Proposed VA appraisal law looks to even the playing field

Housing Wire

The legislation would modernize the Department of Veteran Affairs ‘ appraisal requirements by allowing desktop appraisals, and in some circumstances, waving appraisals all together. A piece of legislation introduced in the Senate in mid-May could streamline the appraisal process for VA loans. The policy now expires on December 31, 2022.

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HW Annual to tackle the biggest changes in appraisal

Housing Wire

With recent developments from Fannie Mae and Freddie Mac to pursue a more digital appraisal process that could both speed up the process and remove any unconscious bias from it, it is important for industry professionals across the space to stay at the top of their game. Appraisal Modernization: What’s the end game?”

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Opinion: Proptech’s big miss

Housing Wire

As a marketer by profession, I tend to put these companies into categories to create a narrative and to develop brand specificity. If that were the case, the government itself could charge individuals and institutions a usurious amount for loans or for the creation of infrastructure. The job is not easy, but the impact is enormous.

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FHFA approves Classic FICO for Fannie Mae, Freddie Mac

Housing Wire

The validation and approval of Classic FICO by the enterprises allows them to continue supporting the mortgage market while assessing more modern credit score models that were submitted in response to the 2020 Joint Enterprise Credit Score Solicitation ,” the FHFA announced.

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IMBs have a duty to serve lower-income communities

Housing Wire

It extends to their checking and savings accounts, small business and community development debt and equity financing, bank branch locations, financial literacy, grantmaking and more. CRA drove the nation’s banks to innovate and break down barriers, and updates to modernize CRA must strengthen that bank commitment.

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