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Fannie Mae extends relaxed appraisal, lending standards

Housing Wire

Earlier this year, citing the extraordinary circumstances that the country is facing with the ongoing spread of the coronavirus, the Federal Housing Finance Agency directed the government-sponsored enterprises to ease their standards for both property appraisals and verification of employment.

Lending 539
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Appraisal firm, loanDepot sued by Black couple for bias

Housing Wire

“loanDepot relied on Lanham’s appraisal despite being informed that it was infected by discrimination and stopped answering or returning Plaintiffs calls once they challenged the appraisal on that basis,” the complaint said. The couple applied for a loan with Swift Home Loans, partnering with Rocket Mortgage in early January 2022.

Appraisal 368
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How Residential Real Estate Appraisers Can Benefit and Help Accountants Do Their Job

Birmingham Appraisal

For instance, when a company acquires or sells a residential property, accountants need accurate valuation figures to ensure correct financial reporting. Assessing Property Investments Supporting Accountants in Investment Analysis Real estate investments can have a significant impact on a client’s financial portfolio.

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2022 Appraisal Outlook: Appraisers Cast Optimistic Eye On Coming Year

McKissock

Traut notes that the Federal Housing Finance Agency (FHFA) announced in late October 2021 at the Mortgage Banker Association’s annual conference that banks and mortgage lenders will be able to use desktop appraisals in place of traditional appraisals for qualifying Fannie Mae or Freddie Mac backed mortgages.