Remove 2010 Remove Development Remove Reconsideration of Value
article thumbnail

Rocket Companies’ Bill Emerson on HUD lawsuit: ‘We want the correct party responsible, not us’

Housing Wire

Department of Housing and Urban Development (HUD) and the principle of appraisal independence for lenders. Per the Dodd Frank Act , back in 2010, appraisal independence is the rule, so a lender cannot get involved in the determination of value as it relates to an appraisal.

article thumbnail

The appraisal industry’s governance problem

Housing Wire

The report also called on the government-sponsored enterprises to release parts of their vast trove of appraisal data, and urged lenders, the government, the GSEs and the Appraisal Foundation to standardize the reconsideration of value process, which currently lacks “any legal structure.”. Marcia Fudge.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Editorial Advisory Board Outlook: Insights From Economist, GSEs

Appraisal Buzz

Benjamin Gottheim, VP, Servicing Policy, Single-Family Portfolio & Servicing, Freddie Mac Freddie Mac VP, Servicing Policy, Single-Family Portfolio & Servicing Benjamin Gottheim Benjamin Gottheim joined Freddie Mac in 2010 after spending several years purchasing and servicing nonperforming loans in the private market.

Appraisal 221
article thumbnail

Freddie Mac Appraisal Advice

Appraisal Today

As strategies continue to develop and evolve, we believe it’s important to engage and communicate with stakeholders, so here are three key items we believe appraisers should keep top of mind in 2024. It’s a necessary step in developing credible reports. A Reality Check Southernmost House in Continental U.S. Worth reading.