2022 Contracts Reconsideration of Value 
Appraisal Today
MAY 10, 2024
ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. For appraisers, Section II.D.2.
Appraiserblogs
DECEMBER 21, 2021
White Paper: Requests for Reconsiderations The paper states that…. Reconsideration of Value Requests Open invitation for spurious reconsideration requests. ANSI Measuring Standard Required in 2022 On December 15, 2021, Fannie Mae announced that it will be adopting ANSI Measuring Standard in 2022.
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Appraisal Today
SEPTEMBER 9, 2022
Excerpts: Suggested protocols for responding to Reconsideration of Value requests. Click here to listen to Tim Andersen, MAI’s podcast, “Reconsiderations of Value: Satan’s Own Seed, Right?” Cities With the Cheapest Mansions for Sale in 2022. By Kyle Campbell, Staff Writer , American Banker, September 7 2022.
Appraisal Today
AUGUST 9, 2024
That year, according to CSS data, 42% of homes were appraised above the sale price compared with 42% in 2021, 46% in 2022 and 50% in 2023. Among the 10 states analyzed, Kentucky had the highest percentage of orders (73%) that appraised over the sale price for the first half of 2024 with an average over-appraised value of 10%.
Appraisal Today
NOVEMBER 4, 2022
Reconsideration of value and Appraisers. Mortgage Borrowers Can Challenge Inaccurate Appraisals Through the Reconsideration of Value Process. October 6, 2022, Consumer Financial Protection Bureau Blog Post. This process is often referred to as a “reconsideration of value” or “ROV.” percent from 7.16
Appraisal Today
JULY 26, 2024
Nationwide, tornadoes caused $708 million in damages in 2022. Furthermore, the conventional refi index was at its highest level since September 2022.” The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.82 million Mortgage applications decreased 2.2
Appraisal Today
APRIL 5, 2024
A Black couple in Baltimore – Dr. Connolly and Dr. Mott, both university professors – filed suit in August 2022 alleging racial discrimination against loanDepot.com and the appraiser it engaged to appraise their home for a refinance. Freddie introduced ACE+PDR* in July 2022. There is a monetary component – which is confidential.
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