Housing Wire
DECEMBER 11, 2020
Mortgage giant Fannie Mae extended its relaxed lending and appraisal standards put in place due to COVID-19 into the new year. The flexibilities surrounding verbal verification of employment and appraisals were originally set to expire on Dec. 31, 2020, however Fannie Mae is now pushing that back to at least Jan.
Housing Wire
MAY 24, 2022
A Fannie Mae survey published in mid-May found that mortgage lenders see value in appraisal modernization, specifically in the implementation of non-traditional appraisals and inspection-based appraisal waivers. Lenders also mentioned concerns and roadblocks with adopting new appraisal modernization tools.
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Annarbor Appraisal
SEPTEMBER 6, 2020
Challenging the results of the appraisal for mortgage financing. Even though the consumer may pay for the appraisal, they are no more the client than is the credit reporting agency or title company hired directly by the lender. The post Challenging a mortgage appraisal appeared first on annarborappraisal.
Housing Wire
MAY 23, 2022
“This bill will make sure that veterans are not unfairly disadvantaged during the home buying process and allow for a modern, digital appraisal process, which will get them into their new home faster.”. In March 2022 , the Federal Housing Finance Agency (FHFA) made hybrid appraisals a permanent fixture.
Housing Wire
MARCH 31, 2021
The CFPB also rolled back leniency on reporting of certain information related to credit card and prepaid accounts under the Truth in Lending Act, Regulation Z, and Regulation E. “Our actions today are temporary and targeted to support consumers by allowing financial companies to focus their resources on assisting consumers.”.
Housing Wire
NOVEMBER 8, 2021
A lot of the misconceptions about working with VA loans center on the VA appraisal process – which differs from conventional mortgage appraisals – as well as the time it will take for a transaction to close. VA loans are secured by the VA, and statutorily must be appraised by the VA and not just any appraiser.
Birmingham Appraisal
JUNE 7, 2023
Mortgage and Financing Strengthening Financial Analysis for Loans Accountants often collaborate with appraisers in mortgage and financing scenarios. They also play a vital role in supporting accountants in various financial matters.
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