Appraisal Buzz

FEBRUARY 4, 2025

Written by an experienced commercial real estate appraiser and software developer, this handbook bridges the knowledge gap between residential and commercial appraisal. The book covers essential concepts, industry best practices, and hands-on case studies to give appraisers the tools they need to succeed.

Real Estate 341

Real Estate Appraisal Design Tools 341

Appraisal Buzz

FEBRUARY 24, 2025

In this monograph, we discuss the absolute necessity of developing more than one skill set as part of becoming a competent and professional real estate appraiser. At its core, real estate appraising involves the due diligence necessary to form a credible opinion of the market value of a particular property.

Real Estate 335

Real Estate Development Appraisal Legal 335

Housing Wire

SEPTEMBER 27, 2024

The Federal Housing Administration (FHA) announced on Friday that it has updated the Electronic Appraisal Delivery (EAD) module of its Catalyst software platform, following initial agency efforts to require appraisal submissions on the platform before it walked them back. A new mandatory use date has not been issued.

Appraisal 431

Appraisal Modernization Appraisal Process Development 431

Appraisal Buzz

APRIL 8, 2025

Among buyer types, institutional investors were the most likely to expect increasing property purchases in 2025 (85%) compared to 71% for owner-occupant buyers, and 62% for local community developers. Sixty-three percent of buyers surveyed described themselves as local community developers, down from 78% in the 2024 survey.

Buyers 389

Buyers Renovations Investors Development 389

Appraisal Buzz

NOVEMBER 18, 2024

Concentrated Development: Many developers flocked to the same areas, leading to localized oversupply. The Developer’s Dilemma To illustrate the current challenges, let’s consider a hypothetical developer, Dave. Diminished Development Capacity: As developers struggle, new construction grinds to a halt.

Development 335

Development Finance Real Estate Housing Market 335

Housing Wire

OCTOBER 30, 2023

The Federal Housing Finance Agency (FHFA) failed to adequately document desktop appraisal reports, which clouds data on the effectiveness of the desktop appraisal program, according to a report published by the FHFA Office of the Inspector General (OIG). 18, 2021, and March 31, 2023.

Appraisal 476

Appraisal Development Finance Mortgage 476

Appraisal Buzz

JANUARY 9, 2025

Department of Housing & Urban Development (HUD) has published a Final Rule in the Federal Register to modernize and strengthen regulations for the HOME Investment Partnership Program (HOME). The post HUD Streamlines Affordable Housing Regulations appeared first on Appraisal Buzz.

Tenants 349

Tenants Development Modernization Inspection 349

Appraisal Buzz

FEBRUARY 3, 2025

In 1986, five years after the launch of the first space shuttle, Fannie Mae and Freddie Mac introduced the Uniform Residential Appraisal Report (URAR) form. Residential appraisers still use this form, albeit with some minor modifications, to this day. These alterations align more closely with appraisal methodology.

Valuation 388

Valuation Appraisal Real Estate Architecture 388

Housing Wire

AUGUST 6, 2024

A policy designed for lenders to review and respond to borrower-initiated reconsideration of value (ROV) requests for appraisals — originally scheduled to be implemented between Aug. These include “improvements to the process by which borrowers may request an ROV if they identify a problem with the appraisal,” the original ML said.

Reconsideration of Value 448

Reconsideration of Value Appraisal Design Valuation 448

Appraisal Buzz

FEBRUARY 28, 2025

Offering appraisal management companies, a comprehensive solution for the entire valuation process, Connexions offers robust appraisal management software and full management of appraiser panels. To solve these industry-wide challenges, Connexions introduces a smarter, more efficient way to manage appraisal assignments.

Appraisal 195

Appraisal Valuation Real Estate Modernization 195

Housing Wire

JULY 11, 2024

The Appraisal Foundation , a private organization that is the de facto regulator of appraisers , has settled with the United States Department of Housing and Urban Development (HUD) over allegations that its qualification program violated the Fair Housing Act. White and 0.6% White and 0.6%

Appraisal 432

Appraisal Valuation Development Property Appraisal 432

Housing Wire

JULY 15, 2024

Department of Housing and Urban Development (HUD) announced on Monday that it has charged lender Rocket Mortgage , two appraisal companies and one appraiser with allegedly issuing a biased valuation and denying a refinance loan to a Black homeowner in Denver. ” These assumptions reduced the home’s value.

Appraisal 421

Appraisal Valuation Law Home Value 421

Housing Wire

MAY 2, 2024

Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) this week announced a new policy enabling mortgage borrowers to “request a re-assessment of the appraised value of their property if they believe that the appraisal was inaccurate or biased.”

Reconsideration of Value 468

Reconsideration of Value Appraisal Mortgage Valuation 468

Housing Wire

DECEMBER 5, 2024

Department of Housing and Urban Development (HUD), alleging the agency is “unfairly” holding the company accountable for the actions of an independent appraiser in a 2021 case. We cannot affect or influence the appraised value — there has to be independence that goes all the way back to the Dodd-Frank Act. “For

Appraisal 397

Appraisal Lending Clients Valuation 397

Appraisal Buzz

JANUARY 6, 2025

Department of Housing and Urban Development (HUD) granted $40 million in funding to 21 recipients to support housing stability and prevent evictions and homelessness. The post HUD Grants Millions to Help End Homelessness, Prevent Evictions appeared first on Appraisal Buzz.

Tenants 468

Tenants Legal Landlords Development 468

Appraisal Buzz

FEBRUARY 28, 2025

In recent developments, the Financial Crimes Enforcement Network (FinCEN) has reinstated the Beneficial Ownership Information Reporting (BOIR) requirements under the Corporate Transparency Act (CTA). What Is the Beneficial Ownership Information Reporting (BOIR)?

Real Estate 195

Real Estate Appraisal Business Legal 195

Appraisal Buzz

JANUARY 10, 2025

However, customized integrations are expensive and time consuming, and lenders often spend a disproportionate amount of their technology and engineering resources just integrating vendors, rather than developing tech that actually drives differentiation. Moving Beyond Integrations appeared first on Appraisal Buzz.

Architecture 397

Architecture Mortgage Technology Modernization 397

Appraisal Buzz

DECEMBER 17, 2024

The post Q3 Commercial Mortgage Delinquency Rates Ramp Up appeared first on Appraisal Buzz. At the conclusion of the third quarter of 2024, the delinquency rates for each group were as follows, based on the unpaid principle balance (UPB) of loans: Banks and thrifts (90 or more days delinquent or in non-accrual): 1.24%, an increase of 0.09

Mortgage 397

Mortgage Investors Real Estate Development 397

Housing Wire

OCTOBER 10, 2024

The platform is intended for housing professionals in various sectors, including 5 million loan officers, appraisers , servicers , underwriters , developers, agents, brokers, attorneys and regulators. Through Araya, CoreLogic will give customers access to the data and analytics of nearly all U.S. properties on one platform.

Real Estate 458

Real Estate Tools Loan Officers Legal 458

Appraisal Buzz

SEPTEMBER 16, 2024

Imagine completing your appraisals in less time, with twice the accuracy, and opening doors to new lucrative markets—that’s the power of AI in the appraisal industry. Artificial intelligence is revolutionizing the appraisal industry, dramatically enhancing productivity, accuracy, and revenue streams.

Appraisal 363

Appraisal Training Agents Human Resources 363

Appraisal Buzz

OCTOBER 28, 2024

Department of Housing & Urban Development (HUD) have released new appraisal data from loan applications on single-family mortgages submitted to HUD’s Federal Housing Administration (FHA). The data previously included only appraisals of properties where the loan would be acquired by Fannie Mae or Freddie Mac (GSEs).

Appraisal 409

Appraisal Insurance Valuation Property Appraisal 409

Appraisal Buzz

APRIL 8, 2024

The Dawn of a New Appraisal Era In the ever-evolving realm of technology, few innovations have garnered as much attention and promise as blockchain. One of its most intriguing applications lies in the domain of appraisals. Understanding the Basics: What is Blockchain?

Technology 418

Technology Appraisal Valuation Supply Chain 418

Housing Wire

JULY 22, 2024

Last April, Erik Morin made a return to the reverse mortgage valuation space by joining appraisal and valuation company Atlas VMS. The wider appraisal industry itself is preparing for new appraisal forms, which should be introduced next year. “The The way we manage our appraisal process is different,” he said. “We

Appraisal 447

Appraisal Mortgage Appraisal Valuation Mortgage 447

Appraisal Buzz

SEPTEMBER 30, 2024

The 16th annual Appraisal Summit , held from September 14th to 17th, 2024 at Planet Hollywood in Las Vegas, provided attendees with a packed agenda of education, panel discussions, networking opportunities, and more. Kelly Davids , from The Appraisal Foundation, followed with a session titled “What’s Happening in DC?”

Appraisal 352

Appraisal Legal Valuation Tools 352

Housing Wire

JULY 1, 2024

Adding to this challenging financial reality, the “ COVID ” vintage of loans has led to brutal repurchase costs for lenders, significantly driven by appraisal defects. Data from the most recent ACES Mortgage QC Industry Trends Report shows a year-over-year increase in appraisal-related defects.

Appraisal 435

Appraisal Reconsideration of Value Technology Tools 435

Appraisal Buzz

OCTOBER 24, 2024

Lenders need to be cautious with how they develop their digital, borrower-first experience, taking a measured approach that meets consumers where they are. Finally, as a technology company laser focused on the consumer mortgage experience, these findings are directing our ongoing development efforts.”

Loan Officers 425

Loan Officers Technology Tools Development 425

Appraisal Buzz

OCTOBER 11, 2024

Department of Housing & Urban Development (HUD) will co-host the “Mortgage Market Resilience and Access to Credit Summit” on Tuesday, October 15 at HUD’s headquarters. The post The Week Ahead: Ginnie Mae and HUD to Host Summit on Mortgage Market Resilience appeared first on Appraisal Buzz. Ginnie Mae and the U.S.

Marketing 370

Marketing Mortgage Finance Retail 370

Housing Wire

SEPTEMBER 13, 2024

Cindy Chance, the CEO of the Appraisal Institute , was terminated during what she described as a “secret board meeting” on Thursday night that she was excluded from. “We want to reassure you that we take our mission as Directors of the Appraisal Institute seriously. . John Udelhofen will step in as interim CEO.

Appraisal 353

Appraisal Modernization Government Valuation 353

Appraisal Buzz

FEBRUARY 20, 2025

Dallas trails behind Phoenix with 8,470 rentals in development. Developers in 22 other metros are working on 1,000 to nearly 7,000 units : These will reach renters in the months and years to come. appeared first on Appraisal Buzz. Click here to read more on Point2Homes latest report on SFR construction.

Construction 390

Construction Inventory Development Marketing 390

Appraisal Buzz

NOVEMBER 19, 2024

Uncovering the Policy Implications on Mortgage & Housing The report’s findings have several policy implications, including: There is a need for policies that support the development of affordable housing and increase access to credit for low- and moderate-income homebuyers.

Lending 418

Lending Mortgage Investors Development 418

Appraisal Buzz

NOVEMBER 14, 2024

Another obvious point of contention between the two groups that frequently arises at local government meetings is that nearly two-thirds of renters (63%) say they would support changes to local zoning codes or regulations to allow more housing development, compared to just 37% of homeowners.

Construction 369

Construction Development Local Properties Government 369

Housing Wire

NOVEMBER 13, 2024

“Black mortgage applicants are turned down more often than whites; Blacks are more likely to receive high-cost home loans than their white counterparts on similar properties, and houses in Black neighborhoods are less likely to be appraised at the same values compared to similar homes in white communities,” the report found.

Real Estate 418

Real Estate Mortgage Finance Housing Market 418

Appraisal Buzz

OCTOBER 15, 2024

The expanded historical series, which spans 2004 to 2010, was developed to give the current series historical context by illuminating changes in loan availability during the previous ten years, including the housing crisis and recession that followed.

Mortgage 387

Mortgage Government Lending Construction 387

Appraisal Buzz

FEBRUARY 26, 2025

The industry is also divided on how rising housing material prices will affect new developments. Instead, they expect mixed-use properties to dominate the market, with 68% of respondents forecasting that these developments will gain the most traction this year. appeared first on Appraisal Buzz.

Real Estate 248

Real Estate Investors Investing Development 248

Appraisal Buzz

JANUARY 16, 2025

Leveraging new technologies and data sources will be crucial in developing sustainable underwriting methods that strike a balance between responsible risk management and loan availability as these kinds of occupations continue to expand. The post Variable, Gig Income May Improve Consumers Access to Credit appeared first on Appraisal Buzz.

Investors 397

Investors Mortgage Lending Finance 397

Appraisal Buzz

NOVEMBER 1, 2024

A large portion of the new development on the market has been purchased by homebuyers. The post Share of Newly Built Homes Hits Lowest Level in Three Years appeared first on Appraisal Buzz. Census reports that in September 2024, sales of newly constructed single-family houses increased 6.3%

Construction 370

Construction Inventory Real Estate Agent Agents 370

Appraisal Buzz

JANUARY 27, 2025

Department of Housing & Urban Development (HUD) have released their new residential sales statistics for December 2024 , which found that sales of new single-family homes were at a seasonally adjusted annual rate of 698,0003.6% The post Red Tape Held Back December Housing Construction appeared first on Appraisal Buzz.

Construction 362

Construction Inventory Buyers Development 362