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Erik Morin reflects on his return to the reverse mortgage appraisal space

Housing Wire

The wider appraisal industry itself is preparing for new appraisal forms, which should be introduced next year. These forms are developed less as a form-filling process and more as an intelligent data collection method.” “There continues to be consolidation in the AMC world,” he said.

Appraisal 447
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Implementation deadline for appraisal review policy pushed to Oct. 31

Housing Wire

Department of Housing and Urban Development (HUD), the FHA and the government-sponsored enterprises (GSEs) in collaboration with the Federal Housing Finance Agency (FHFA) — was designed to ”develop an aligned approach for both FHA-insured mortgages and those purchased or guaranteed by” the GSEs, HUD explained.

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From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. Really, appraisers have always thought this way.

Appraisal 397
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Fannie Mae extends relaxed appraisal, lending standards

Housing Wire

HousingWire reached out to the company, and will update this story with any new developments. The post Fannie Mae extends relaxed appraisal, lending standards appeared first on HousingWire. To that end, the GSEs began accepting alternative forms of employment verification, including a recent paystub, to ensure lending can continue.

Lending 540
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DOJ sues Rocket, appraisal companies over alleged discrimination

Housing Wire

Department of Housing and Urban Development (HUD) in July—filed a lawsuit against the lender, appraiser Maksym Mykhailyna and his company, Maverick Appraisal Group , and the appraisal management company Solidifi U.S. And the Detroit-based lender believes it’s a “massive overreach.”

Appraisal 511
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The New UAD: “Don’t Borrow Trouble.”

Appraisal Buzz

I had just returned from college, and back then, there was no appraisal software available. We had to do it ourselves in the beginning, developing our own local software using DOS. It is up to appraisal software companies to develop solutions to provide this specific data set.

Appraisal 363
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Lenders mandated to use FHA Catalyst for appraisals

Housing Wire

The FHA Catalyst platform has been a bright spot in the Department of Housing and Urban Development ’s outdated IT structures. Meanwhile, lenders with HECM cases may use the module immediately, the administration said.

Appraisal 476