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HUD and FHFA Increase Transparency in Home Appraisals

Appraisal Buzz

Through the updates, FHFA and HUD are furthering the work of the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) , which aimed to evaluate the causes, extent, and consequences of appraisal bias and to establish a transformative set of recommendations to root out racial and ethnic bias in home valuations.

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Jim Amorin steps down as CEO of Appraisal Institute

Housing Wire

The residential appraisal space has been rocked by increased federal scrutiny over the past two years, with several agencies studying whether appraisers let racial bias change their valuations. In late October, the Federal Housing Finance Agency released 47 million appraisal reports to the public for the first time.

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CFPB, FHFA release updated mortgage originations survey data

Housing Wire

The data provides “updated mortgage performance and credit information for a nationally representative sample of mortgage borrowers from 2013 to 2021,” the agencies explained. On a quarterly basis since 2014, the FHFA and the CFPB have sent surveys to borrowers who recently obtained mortgage financing.

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NAR: Appraisal License Equivalency Credit for RE Agents?

Appraisal Today

Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. which can relate to valuation. I speak with a lot of Realtors and many are not oriented the same as appraisers. Sold 4/1/2013 for $998,000. He remembered me from Valuation 2000. They provide CMAs, etc.,