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The appraisal industry’s governance problem

Housing Wire

Apart from questions of governance, the report found significant gaps in the Appraisal Foundation’s fair housing requirements and training. The report comes just as a task force to root out bias in appraisals, led by the Department of Housing and Urban Development , finalizes its policy recommendations. “I

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AI could improve racial equity in homeownership, but there’s work to be done

Housing Wire

Nearly 50 interviews from staff members in the federal government, financial technology companies, mortgage lenders and consumer advocates found that the ability of AI to improve racial equity can be undermined by the data used to train the algorithm, not just by the algorithm itself.

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How a strategic coalition is fighting homelessness in Dallas

Housing Wire

The nonprofit Housing Forward acts as the lead agency of the coalition, overseeing a data-driven homeless-management information system; coordinating access to services within the network; and facilitating training for service providers, among other programs. million to 2.4

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HUD, GSEs to Allow Consumers to Seek Reconsideration of Appraisal Valuations

Appraisal Buzz

Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), and government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are now allowing home appraisals to get a second look when bias is suspected in the appraisal process.

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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. “In

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The obstacles to a digital mortgage are changing – Here’s what lenders need to know

Housing Wire

We have been working closely with Ginnie Mae on this program and are very excited that as of June 20 the program began accepting new applications from eIssuers, eCustodians, and subservicers, opening up the government market to eNotes. There was not yet a program for securitizing government loans. But this is all changing.

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HW+ Member Spotlight: Jeff Thompson

Housing Wire

But if we don’t improve our education, training and professionalism, the public will soon not see any value in hiring us. We have made it too easy to get a license (at least in Washington State), we don’t require any level of production from agents and continuing education is far too easy.