Appraisal Buzz
AUGUST 1, 2022
When reading contracts, words will always have their ordinary meaning unless defined otherwise. a rule in statute or contract interpretation: when the language is unambiguous and clear on its face the meaning of the statute or contract must be determined from the language of the statute or contract and not from extrinsic evidence [i].
Appraisal Buzz
OCTOBER 4, 2021
Freddie Mac (OTCQB: FMCC) today released an analysis showing that appraisal values are more likely to fall below the contracted sale price of a home in census tracts with a higher share of Black and Latino households, resulting in an appraisal gap. MCLEAN, Va. for those in White tracts, leading to a gap of 5.2%.
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Housing Wire
OCTOBER 23, 2023
This includes financials, organizational documents, agent productivity reports, operating metrics, vendor contracts, lease agreements, employment agreements, insurance documents, and more. From a data lens, transactions can be broken out into three different stages: Valuation , Due Diligence , and Contract.
Housing Wire
MARCH 27, 2024
At that time, outgoing president Dave Bunton informed the foundation that he would be retiring at the end of his current contract. Bunton’s contract with the organization expires on Dec. .” The selection of Davids as president serves as the culmination of a search for a new leader that began in 2022, according to the foundation.
Housing Wire
AUGUST 4, 2022
Its bend toward digital valuation services comes during a time of growing acceptance by Fannie Mae , Freddie Mac and the VA to use desktop appraisals and hybrid appraisals. Earlier this week, Class Valuation , one of the country’s largest AMCs, acquired 75-worker strong AppraisalTek for an undisclosed sum. Sponsored Video.
Housing Wire
DECEMBER 14, 2021
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.
Housing Wire
SEPTEMBER 9, 2021
The Pontiac, Michigan-based wholesale lender will instead coordinate appraisals in-house, contracting with appraisers directly, offering appraisers and brokers a way to bypass AMCs altogether, which UWM CEO Mat Ishbia characterizes as “middlemen.”. If Class Valuation or other AMCs step up, they’ll be viable companies and continue to grow.
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