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Government Agencies Release Mortgage Origination Data

Appraisal Buzz

Today’s release features data on three new survey questions first asked of mortgage borrowers in 2021 When asked about appraisal satisfaction, 70% of respondents reported being very satisfied with their property appraisal, 23% reported being somewhat satisfied, and 6% were not at all satisfied.

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Implementation deadline for appraisal review policy pushed to Oct. 31

Housing Wire

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. The policy — announced in May by the U.S.

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The Appraisal Foundation settles Fair Housing Act case with HUD

Housing Wire

. “We appreciate HUD’s recognition of our proactive efforts to lead the appraisal profession to welcome a new, diverse generation of appraisers and their support of our forthcoming scholarship program to aid new entrants to the field.” White and 0.6%

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White House marks one year of PAVE appraisal bias action plan

Housing Wire

Thursday, March 23 marks the one-year anniversary since the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released its action plan to curb instances of bias in the housing appraisal process. Led by U.S. FHFA, along with HUD, [the U.S. Department of Agriculture (USDA) and the U.S.

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Must-Read Tips to Appraise, Buy, and Sell Special Purpose Property [2021]

The Robert Weiler Company

Challenges Related to a Special Purpose Property. Today, it is in the aforementioned neighborhoods that a special purpose property – buildings designed for one specific use – are being repurposed for new ventures. Government and nonprofit organizations are likely to point to crime, poverty, and a lack of infrastructure.

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26 Reasons to Get an Appraisal

Realvals

By getting an appraisal, you can substantiate your claims and provide evidence to support your position. It’s not uncommon for property owners, insurance companies, or tax authorities to have contrasting opinions on the value of a property. Typically, the government will notify you of their intent to acquire your property.

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Property Values Continue to Rise, Refinance Apps Fall to 22-Month Low, and Other Appraisal News

McKissock

Government refinance applications fell for the sixth week in a row. HUD answers questions about its new inter-agency appraisal bias task force. JPMorgan Chase has donated $3 million to the Appraiser Diversity Initiative. Appraisal webinars: Get up to speed on hot topics in the appraisal industry with our Pro-Series webinars.