McKissock

DECEMBER 28, 2021

“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. Nonetheless, it would be prudent for appraisers to refresh or develop their knowledge on appraising REO properties.”.

Appraisal 96

Appraisal Reconsideration of Value Real Estate Property Appraisal 96

Empire Appraisal Group

AUGUST 12, 2021

Because dwelling size matters to everyone in the transaction—buyers, sellers, agents, appraisers, and lenders—it makes sense to encourage the understanding and use of industry-accepted terms to define size. ANSI Z765-2021 , a standard for calculating square footage, from Home Innovation Research Labs. More Resources.

Sellers 78

Sellers Appraisal Development Construction 78

McKissock

DECEMBER 3, 2021

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.

Appraisal Process 80

Appraisal Process Law Property Appraisal Government 80

Clear Capital

JUNE 21, 2022

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.

Valuation 69

Valuation Technology Lending Real Estate 69

Appraisal Buzz

JUNE 28, 2024

million homebuyers and renters: Since 2021, FHA has served more than 2.9 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.

Insurance 195

Insurance Finance Development Mortgage 195

Appraisal Today

NOVEMBER 20, 2022

Due to the shortage of review appraisers (exacerbated by low fees and time pressures), tens of thousands of poorly created appraisals were accepted without receiving adequate review. Many appraisers were bragging about their ability to fill out two or three appraisal forms a day and receive no call-backs from lenders. .

Appraisal 52

Appraisal Real Estate Agent Real Estate Contracts 52

Housing Wire

JUNE 14, 2022

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. But democratizing the data they have available would benefit policy development.”

Appraisal 370

Appraisal Valuation Inspection Law 370

Housing Wire

FEBRUARY 7, 2022

Few things terrify lenders more than the arrival of a manila envelope from the Department of Housing and Urban Development ( HUD ) containing a redlining allegation. Increased redlining enforcement is one piece of HUD’s renewed focus on fair lending, and part of a multi-pronged approach to address the legacy of racist housing policy.

Modernization 370

Modernization Insurance Lending Mortgage 370

Housing Wire

AUGUST 22, 2024

Donald Trump and reverse mortgages Former President Trump’s four-year term from 2017 to 2021 brought a number of developments to the HECM program. The following year, HUD introduced a collateral risk assessment, which sometimes results in the requirement of a second property appraisal.

Mortgage 428

Mortgage Development Design Insurance 428