Appraisal Today

DECEMBER 16, 2022

Industry Insider Insight on Risk and Modernization. Joe Minnich, a condo risk consultant, spoke on how loans secured by an individual unit in a condominium project have greater risk than found in typical SFR lending. Fannie New Appraisal Form Modernization. He suggested we redefine quality to include a time element.

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Housing Wire

MARCH 28, 2024

It doesn’t lend itself to a 24-hour cycle. Yes, the complex legal and regulatory web that can vary from state to state and even city to city doesn’t invite a quick and smooth passage to the closing. The title industry has finally put the foundation in place for a modernized workflow.

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Housing Wire

NOVEMBER 22, 2023

It doesn’t lend itself to a 24-hour cycle. And the complex legal and regulatory web that can vary from state to state and even city to city doesn’t invite a quick and smooth passage to the closing. The title industry has finally put the foundation in place for a modernized workflow.

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Appraisal Today

NOVEMBER 24, 2023

For starters, any development would have to pass through three levels of bureaucracy, as 4.1 Obviously, you need legal counsel, but you may also need USPAP counsel as well. So, your first step is to get proper counsel, who can then give you proper advice… A state’s appraisal board carries the sword and shield of legal counsel.

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Walitt Solutions

JULY 28, 2019

In July 2019, I spoke to the Collateral Risk Network, a group of chief appraisers, risk managers, management companies, lenders, appraisers, regulators, and legal experts, at the Collateral Matters event in Reston, Virginia. Are these “other” inspection-and-valuation processes appropriate for lending?

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Clear Capital

JUNE 21, 2022

Fannie Mae’s study , while finding that homes owned by white borrowers were more often overvalued than homes owned by Black borrowers, furthered the discussion around Appraisal Modernization, including the use of AVMs in property valuations. AVMs should be used in the lending process to prevent appraisal bias. Valuation Equity.

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Housing Wire

MARCH 29, 2022

And if these agencies were to find that a merger ran counter to public interest because of a bank’s discriminatory lending practices, it’s not likely anyone would know about it. Senior administration officials claim that rooting out “modern-day redlining” is a top priority. And HUD can bring lawsuits claiming bias in mortgage lending.

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Assurance Financial

AUGUST 9, 2021

Every year, the USDA uses its Rural Development program to invest about $20 billion in helping families across the United States buy and improve their homes. Below we’ve mapped out an overview of the USDA Rural Development Guaranteed Housing Loan Program, explaining how it works and if you’re eligible for loans. Guaranteed Loans.

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Will Springer Realtor

JULY 13, 2023

Data from the Federal Reserve indicates Goldman Sachs has the highest exposure to commercial loan losses at 16% of its lending total due within the next two years, followed by Morgan Stanley (14%) and Citizens (12%). Local government, developers, architects and others will need to step up and take responsibility for the sake of our city.

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Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. Fannie Mae also included efforts to “modernize” appraisals in its equity plans.

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Appraisal Today

SEPTEMBER 9, 2022

Excerpts: What does the appraiser do with the three different values that may be developed? Respectfully, if they had read my report and not just looked at the values, they would know exactly why they are different and how I developed them. I include this to show that you don’t need to spend millions of dollars to get a mansion! =.

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Housing Wire

JANUARY 7, 2021

A taskforce established by the Consumer Financial Protection Bureau to examine the existing legal and regulatory environment facing consumers and financial services providers released its recommendations this week – a move that prompted conflicting reactions from the housing industry and consumer groups.

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Housing Wire

MARCH 7, 2024

Department of Housing and Urban Development (HUD). Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit lauded the development in a statement released soon after the vote took place. “We It allocates $450 billion in funding for several departments, including the U.S.

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Housing Wire

FEBRUARY 7, 2022

Few things terrify lenders more than the arrival of a manila envelope from the Department of Housing and Urban Development ( HUD ) containing a redlining allegation. As some independent mortgage banks have found out, a modern-day redlining allegation does not need to prove intentionality.

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