Housing Wire

MAY 16, 2024

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S. Overview of findings The report was released to the public in November 2023.

Development 425

Development Appraisal Property Appraisal Insurance 425

Robinson Appraisal Group

NOVEMBER 16, 2018

As appraisers in this ever changing industry we have seen changes in the market, technology, bank requirements, emergence of management companies and appraisal form changes. The most recent Fannie Mae change is the removal of the 1004MC form in an appraisal. This requirement applied to loans delivered to Fannie Mae.

Tools 78

Tools Appraisal Lending Inspection 78

Appraisal Today

DECEMBER 2, 2022

Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. After graduation he worked for USAA in Real Estate Development. George founded Columbia Institute and was its president, from 1992 to 2018 , a school for continuing education of Real Estate Appraisers.

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Appraisal Agents Real Estate Real Estate Agent 89

Appraisal Today

JUNE 17, 2022

Excerpt: We continue to see claims alleging that the rural property appraiser failed to adequately identify or report details surrounding a water source. In one claim, the appraiser correctly noted that the property was serviced by a “private water well.” It did not even though many lots nearby were developed.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Housing Wire

FEBRUARY 4, 2025

It would provide notice of mortgagor’s right and responsibilities under reverse mortgage loans issued under the [HECM] program of the federal Department of Housing and Urban Development (HUD), and it would require every authorized lender in the state to provide copies of these summaries no less than five days before the closing of a HECM loan.

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Mortgage Law Property Taxes Design 314

Housing Wire

AUGUST 22, 2024

Donald Trump and reverse mortgages Former President Trump’s four-year term from 2017 to 2021 brought a number of developments to the HECM program. The following year, HUD introduced a collateral risk assessment, which sometimes results in the requirement of a second property appraisal.

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Mortgage Design Development Insurance 424