Appraisal Insurance Reconsideration of Value 
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. 29 and Sept. 2 — has been pushed back to Oct.
Housing Wire
JULY 3, 2024
Department of Housing and Urban Development (HUD) — will be updated to accommodate the implementation of a new Reconsideration of Value (ROV) policy for appraisals. It enhances current ROV policy while adding additional clarity for appraisal reviews, according to FHA.
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Housing Wire
MAY 20, 2024
Without additional action by the lender, case numbers in FHAC without an appraisal logged in the system are automatically canceled after six months. For cases without a logged appraisal, they are subject to automatic cancellation “for one year from the appraisal effective date,” according to a revision.
Housing Wire
JUNE 9, 2023
The proposed guidance advises on policies that financial institutions may implement to allow consumers to provide financial institutions with information that may not have been considered during an appraisal or if deficiencies are identified in the original appraisal ,” the announcement states. “The
Appraisal Buzz
MAY 6, 2024
Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), and government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are now allowing home appraisals to get a second look when bias is suspected in the appraisal process.
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.
Appraisal Buzz
DECEMBER 10, 2024
Kelker has been a leading figure in the appraisal industry renowned for his involvement in shaping valuation regulation. On behalf of REVAA, he spoke about appraisal bias before the House Financial Services Committee and the Appraisal Subcommittee Hearing of the Federal Financial Institutions Examination Council (FFIEC).
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