Housing Wire
MARCH 23, 2023
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
Housing Wire
JANUARY 18, 2023
There are several ways we can do that from how we allocate orders, set fee schedules, and handle reconsiderations of values. It’s important to make sure that your appraisal department and vendors are trained and understand all the criteria around each option. Consolidation and lower volumes. C) Appraisal Quality.
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Housing Wire
JANUARY 24, 2022
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. “We
Birmingham Appraisal
FEBRUARY 20, 2024
The Purpose and Components of a Comparative Market Analysis (CMA) The CMA is a tool that real estate agents use to develop a list price for the house they are selling. By providing the CMA to the appraiser, the appraiser can see the agent’s thought process when developing the asking price.
Appraisal Today
APRIL 5, 2024
The defendant appraiser valued their home at $472,000; a second appraiser later valued it at $750,000 after the couple “whitewashed” the residence and had a white friend stand-in for them. Significant developments have occurred in the case. The second development in the case is that on March 22, 2024, the attorneys for Drs.
Housing Wire
MARCH 9, 2021
The Department of Housing and Urban Development (HUD) has announced that JPMorgan Chase has come to an agreement with a Black homeowner who claimed the bank’s mortgage division – relying on a valuation done by an appraiser – valued her home at an amount lower than its actual worth because of her race.
Appraisal Today
SEPTEMBER 9, 2022
Excerpts: Suggested protocols for responding to Reconsideration of Value requests. Click here to listen to Tim Andersen, MAI’s podcast, “Reconsiderations of Value: Satan’s Own Seed, Right?” What Is a Reconciled Value? Excerpts: What does the appraiser do with the three different values that may be developed?
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