Appraisal Buzz
AUGUST 21, 2024
Julie discusses her career journey to her current role at FHFA, and provides insights into the recent policy changes regarding Reconsideration of Value (ROV). At The Appraisal Buzzcast, we host weekly episodes with leaders and experts in the appraisal industry about current events and relevant topics in our field.
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. Event registration is now live. FHA will also be holding a virtual stakeholder briefing on Aug.
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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. Several sections of HUD Handbook 4000.1
Housing Wire
FEBRUARY 24, 2023
In particular, the events zeroed in on patterns of discrimination and bias for minority borrowers and homeowners. Each event made plain the current open questions that need answers and hopefully convinced most that there is a problem worth fixing. The chief question of them all is whether there is a solution.
Appraisal Buzz
FEBRUARY 7, 2022
The risks to the lender if those conditions are not met, can be presented either through denial of purchase or in the event of default, the requirement to repurchase the loan or make whole on any losses in the event the lender is found at fault. Operational and Reputational Risk Implications.
Appraiserblogs
MAY 3, 2024
The implication that if the VALUE is too low, then there must be “material deficiencies” present, is deeply troubling! Up until recently, there has never been a standardized policy for mortgage loan related Reconsideration of Value (ROV) requests after an appraisal has been submitted. The GSE’s have similar policies.
McKissock
DECEMBER 28, 2021
Appraisers recently contacted by McKissock tend to agree that the profession will go generally well in 2022, with no major changes to the real estate market and no events on the horizon that could seriously upset appraisers’ business. The top ones are reconsideration of values, and growing prevalence of desktop appraisals.
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