Housing Wire
AUGUST 2, 2023
AIR is designed to “safeguard the independence, objectivity, and impartiality of appraisers and other Independent Parties throughout the valuation process for 1 to 4-unit residential properties,” according to Fannie Mae. Fannie Mae approved six vendors for its controversial new valuation initiative a few days later.
Housing Wire
DECEMBER 28, 2020
The Federal Housing Finance Agency (FHFA) announced Monday it is requesting input on the appraisal policies, practices and processes of Fannie Mae and Freddie Mac, especially as it relates to the GSEs’ appraisal modernization efforts. Low mortgage rates fuel the demand for valuation and settlement services.
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McKissock
MARCH 24, 2022
On March 23, 2022, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released a report entitled “Action Plan to Advance Property Appraisal and Valuation Equity.” Pages 5 and 6 of the report set forth 21 recommendations, termed “Agency Actions to Advance Valuation Equity.” Stay tuned.
Housing Wire
FEBRUARY 24, 2023
It is obvious that language being used like “eradicate” or “eliminate” in reference to appraisal bias is chosen to convey the importance of not compromising on the process being equitable for all. Perhaps this can all be summed up as a growing demand for an appraisal process that is more equitable, efficient, accurate and objective.
Appraisal Buzz
APRIL 15, 2024
Using the form structure, GSEs have been ingesting these eclectic abbreviations to develop a large database of residential valuation. In their software, appraisers have historical files that they may want to refer to, they have extensive template language already developed, and frankly they’re just used to it.
Appraisal Buzz
FEBRUARY 7, 2022
Desktop refers to a scope of work where the appraiser did not perform any level of viewing of the property and relied on other sources to gather property details. All three labels refer to the scope of work completed by the appraiser when completing the assignment. Desktop Process Challenges & Risks.
Housing Wire
JULY 1, 2021
“We’ve found that many people care more about public spaces than private spaces,” says Katie Lambert, an interior designer with Lambert Home, referring to different living areas in a home. The kitchen is also one of the areas that is commonly in need of modernization, from outdated appliances to antiquated cabinet styles.
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