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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. The newest release adds data through 2021 into the available dataset.

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FHFA will host second public forum on appraisal bias

Housing Wire

“This is an opportunity to expand our understanding of the issues facing today’s appraisal industry and to get a clearer picture of how current practices and the appraisal regulatory system impact lending in this country.” I think not many people understand how this byzantine system works,” Chopra said.

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Appraisal Inspection Vs. Home Inspection: Your Role as an Appraiser

McKissock

The root of many misconceptions about the appraisal inspection is the word “inspection” itself. No matter how the appraisal inspection appears to the uninitiated, it is not the equivalent of a home inspection. Appraisers perform similar inspections, to one degree or another, in most appraisal assignments.

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2022 Appraisal Outlook: Appraisers Cast Optimistic Eye On Coming Year

McKissock

“While 2022 is expected to continue to be a good year for the housing market, it will not be as exceptional as 2021,” predicts Jo Traut, appraisal curriculum and content specialist at McKissock Learning. This would also put downward pressure on appraisal fees. Major unknowns in the coming year.

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Appraisal Reviews – Who and What

Appraisal Today

Fact-checking vs appraisal review Types of appraisal review reports Why are appraisal reviews needed? Who requests a property appraisal review? Who can review a property appraisal? The client base for appraisal reviews is vast and diverse, encompassing a wide range of sectors and needs.

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PAVE Task Force: What Does the Future Hold?

McKissock

During the last several weeks, the task force has held online “listening sessions” to solicit feedback from appraisers, lenders, and other stakeholders in the residential mortgage lending industry. The task force itself does not have the authority to pass laws or promulgate regulations.

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GSEs further expand AVMs, desktop and hybrid appraisals

Housing Wire

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. Non-traditional appraisals to the rescue.

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