The Interagency Task Force on Property Appraisal and Valuation Equity (commonly known by the acronym PAVE) was created in June 2021 by President Biden, and consists of representatives of numerous federal government agencies, including the Department of Housing and Urban Development (HUD), Department of Veterans Affairs (VA), Federal Deposit Insurance Corporation (FDIC), Board of Governors of the Federal Reserve System (FRB), National Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC),
From Forms to Reports: A Look at the UAD Overhaul
By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD).