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Race and the Property Valuation Industry

Appraisal Buzz

The second appraiser could also have been incompetent, resulting in an over valuation of the couple’s property. The property valuation industry has a system for dealing with situations where a home’s appraised value is in dispute; it’s called the review process. Let’s unpack this situation…. My Journey.

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Freddie Mac Research Explores Causes for the Appraisal Valuation Gap for Homeowners in Minority Neighborhoods

Appraisal Buzz

Our goal is to develop solutions to this persistent problem, including appraisal best practices, uniform standards for automated valuation models, enhanced consumer disclosures, improved value processes, and revised fair lending exam procedures and risk assessments.”.

Valuation 370
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The Value of Words in Valuation

Appraisal Buzz

The word that is meaningful to the premise of this blog is summary. The post The Value of Words in Valuation appeared first on Appraisal Buzz. Standard 2 is the specific standard that addresses the reporting of appraisals. Standards rule 2-2 specifically. i] [link]. [ii]

Valuation 360
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AMCs Deceptive Fee Skimming Exposed in Lawsuit

Appraiserblogs

Core Valuation Management, Inc., The complaint asserts that these defendants engaged in a... The post AMCs Deceptive Fee Skimming Exposed in Lawsuit appeared on Appraisers Blogs. Clear Capital, et al., and Rocket Mortgage, LLC in relation to the appraisal fees charged to borrowers in home mortgage transactions.

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Supporting Market Conditions Adjustments: A Comprehensive Guide for Appraisers

Appraisal Buzz

By applying these methods, appraisers can provide reliable, accurate valuations that reflect current market conditions and ensure the appraisal’s credibility and acceptance. Released on the first Tuesday of each month, it features a press release, a full report, and a blog post from the economists.

Appraisal 358
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FHFA takes a swing at racial bias in appraisal

Housing Wire

The Federal Housing Finance Agency (FHFA) is the latest stakeholder to examine how racial bias may creep into property valuations. It’s unclear whether the inclusion of references to race in appraisal reports reveals bias in the valuation process or introduces it.

Appraisal 459
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Federal agencies seek input on proposed AVM credibility, integrity rule

Housing Wire

Six federal agencies have requested comment from the public on a newly-proposed rule that is designed to “ensure the credibility and integrity of models used in real estate valuations.” The intent is to create a set of standards that increase confidence in the use of AVMs, according to the announcement.

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