Appraisal Today

MAY 10, 2024

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.

Reconsideration of Value 82

Reconsideration of Value Appraisal Real Estate Insurance 82

McKissock

DECEMBER 28, 2021

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.).

Appraisal 96

Appraisal Reconsideration of Value Real Estate Property Appraisal 96

Appraisal Today

JULY 12, 2024

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.

Appraisal 75

Appraisal Design Contracts Business 75

Housing Wire

OCTOBER 24, 2024

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.

Training 430

Training Mortgage Reconsideration of Value Architecture 430

Appraisal Today

MARCH 28, 2025

Remember what it was like during the crash after 2008, when there were very few loans and appraisal volume severely declined? Mortgage lending is very, very cyclical. Then, you can focus on today and planning for the future. If you are reading this, you are a survivor. Those who adapt survive. You can survive the current downturn.

Appraisal 61

Appraisal Contracts Business Reconsideration of Value 61

Housing Wire

DECEMBER 23, 2024

In fact, housing market reforms instituted in the aftermath of the 2008 housing crisis clearly removed lenders like Rocket from the appraised value process. Rockets lawsuit demonstrates that the lending industry desires such a partnership, but that it will not remain silent when unfairly targeted for adhering to the law.

Legal 396

Legal Reconsideration of Value Law Valuation 396