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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). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. Really, appraisers have always thought this way.
Using drones for real estate photography is a topic that drew a lot of chatter in the early 2010’s as a hotly debated topic among real estate agents. This new perspective often helps real estate professionals show the property from a new perspective, making the most of its surroundings.
When Freddie Mac published the study, “ Discovery of Racial and Ethnic Valuation Gaps In Home Purchase Appraisals ” in late 2021, its conclusion, “that Black and Latino applicants receive lower appraisal values than the contract price more often than White applicants,” sent shockwaves through the mortgage industry.
Removed barriers to homeownership: FHA increased access to homeownership for borrowers with student loan debt, those seeking to purchase manufactured homes or properties with Accessory Dwelling Units, and households with a strong history of on-time rental payments.
could affect the appraisal industry. A CFPB ruling on AMC fees is in jeopardy AMCs took on a larger role in the appraisal industry after the Dodd-Frank legislation passed in 2010. Demographically, appraisers are getting considerably older as a result of the exodus from the profession, and they are overwhelmingly white.
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