Housing Wire
OCTOBER 21, 2024
Under federal law, mortgage lenders are required to work at arm’s length during the appraisal process, partnering with independent appraisal management companies who assign the work to state-licensed professional appraisers,” a spokesperson for Rocket told HousingWire.
Housing Wire
MAY 23, 2022
A piece of legislation introduced in the Senate in mid-May could streamline the appraisal process for VA loans. The legislation would modernize the Department of Veteran Affairs ‘ appraisal requirements by allowing desktop appraisals, and in some circumstances, waving appraisals all together.
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Miller Samuel
APRIL 27, 2019
Back on April 19th , I wrote about the New York AMC law in my Housing Notes newsletter. After years of AMCs chipping away at the public trust, the New York AMC law was designed to protect the consumer. Here is the NYS "AMC Law" as a PDF or in plain text on the landing page of the law. No, it isn't.
Housing Wire
JUNE 9, 2023
The guidance, to be published in the Federal Register with a 60-day public comment period thereafter, “shows how ROVs intersect with appraisal independence requirements and compliance with applicable laws and regulations,” according to the announcement.
Appraisal Buzz
JUNE 26, 2024
An Overview of CFPB Efforts The new rule approved today mandates that businesses using these algorithmic appraisal tools implement safeguards to prevent data manipulation, maintain high levels of confidence in home value estimates, steer clear of conflicts of interest, and adhere to applicable nondiscrimination laws.
Housing Wire
DECEMBER 21, 2023
The great news is that the program has undergone significant improvements, particularly after the Blue Water Navy Vietnam Veterans Act was signed into law in 2019. MYTH: The appraisal process for VA loans is more stringent and difficult than conventional loans. A lot has changed and it’s time to remove the stigma.
Raleigh Realty
FEBRUARY 19, 2022
Appraisals 101: What to Expect From the Home Appraisal Process Wondering what to expect from your home appraisal? Now it's time for the home appraisal. The home appraisal is something you can negotiate prior to going under contract as well, or even while under contract. This process is heavily regulated.
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