Appraisal Government Mortgage Appraisal 
Housing Wire
OCTOBER 21, 2024
Another regulator has sued Rocket Mortgage for allegedly discriminating against a Black homeowner by undervaluing her home during an appraisal in Colorado three years ago. The document states that the plaintiffs undervalued a homeowner’s property based on her race in an appraisal made in 2021 in Denver.
Housing Wire
DECEMBER 11, 2020
Mortgage giant Fannie Mae extended its relaxed lending and appraisal standards put in place due to COVID-19 into the new year. The flexibilities surrounding verbal verification of employment and appraisals were originally set to expire on Dec. 31, 2020, however Fannie Mae is now pushing that back to at least Jan. 31, 2021. “We
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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.
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.
Housing Wire
AUGUST 3, 2022
National appraisal management company Class Valuation is extending its reach, with the acquisition of yet another appraisal management company. According to a Class Valuation press release, AppraisalTek operates in all 50 states, as well as the District of Columbia, and has a “significant staff appraiser impression” in Arizona.
Housing Wire
MAY 12, 2021
If she is unable to wait the six months or more it could take to finish construction, she may forgo her hard-earned government benefit altogether. From a risk-profile perspective, in addition to the government guarantee that veteran borrowers command, VA borrowers have much lower default rates than FHA loans, another government-backed loan.
Housing Wire
MARCH 8, 2023
To be eligible, borrowers are required to upload all documents — including pay stubs, bank statements and a copy of a complete purchase agreement for the subject property of their mortgage loan. Properties must also be eligible for an appraisal waiver and borrowers must opt-in for automated income and asset verification.
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