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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. We offered a reconsideration of value twice to the client. ” Its not the appraiser or Solidifi , the third-party appraisal company.
The appraisal industry’s “byzantine regulation structure,” according to the report’s authors — experts in fair housing, fair lending and valuation — has stunted the appraisal industry’s understanding of fair housing risk. The GSE appraisal data, which goes back to 2010, is unparalleled in its scale. Marcia Fudge.
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.
He is a certified general appraiser with more than 30 years of experience in valuation, appraisal and collateral risk management concerns. But tornadoes have been known to occur in every part of the country, including New York City, where a 2010 tornado caused more than $65 million in damages. million Mortgage applications decreased 2.2
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