Remove 2008 Remove Lending Remove Reconsideration of Value
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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. For appraisers, Section II.D.2.

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2022 Appraisal Outlook: Appraisers Cast Optimistic Eye On Coming Year

McKissock

Many homes have equity available, unlike the 2008 housing collapse. One possibility being discussed is a standardized reconsideration of value process that a property owner can utilize if they believe their house was undervalued by an appraiser. This would also put downward pressure on appraisal fees. Paul, Minn.).

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Are Appraisers Professionals?

Appraisal Today

The college requirements1 have been a part of the Criteria (in one form or another) since the AQB initiated public discussion of these requirements in 2001, formal adoption in 2004, and subsequent implementation in 2008. My comments: My apologies for waiting so long to write about this topic. I attended an early AQB meeting in San Francisco.

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Opinion: Mortgage lenders need to shore up training about the 2025 homebuyer incentives

Housing Wire

The Biden First-Time Homebuyer Act of 2021 is a bill that aimed to revive a 2008 tax credit that expired. Handling a below-contract appraisal and request for reconsideration of value (ROV). The Downpayment Toward Equity Act (H.R. Anticipating issues regarding rate lock and/or mortgage contingency expirations.

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