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. For appraisers, Section II.D.2.

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Reconsideration of Value Appraisal Real Estate Insurance 82

Appraisal Today

AUGUST 9, 2024

As the market continues to evolve, particularly in regions with growing inventories and softening prices, homeowners and lenders alike will need to navigate the changing landscape of mortgage debt and equity. To read more, Click Here To read the full August 2024 Mortgage Monitor, Click Here My comments: What does this mean for you?

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Appraisal Reconsideration of Value Insurance Market Value 74

Appraisal Today

OCTOBER 18, 2024

Refinance applications fell 26 percent to their lowest level since August, with comparable drops in both conventional and government refinances. FHA purchase applications were little changed despite the increase in rates, as some first-time homebuyers remain in the market because of improving housing inventory conditions.”

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Appraisal Reconsideration of Value Insurance Contracts 69

Appraisal Today

APRIL 5, 2024

This is one of the appraisal discrimination cases that has received significant attention – among appraisers, the media and government agencies. Appraisers must consider regional economic conditions, inventory levels, and buyer sentiment when evaluating properties. Lanham, 20/20 Valuations, and loanDepot.com, U.S.

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Appraisal Today

MAY 24, 2024

Pressured by the Biden administration, government-backed enterprises Freddie Mac and Fannie Mae are instructing lenders they no longer need to use state-licensed appraisers for the task.) I’m always looking for something new = ROV, Part 2 By George Dell, SRA, MAI, ASA, CRE Excerpts: ROV (Reconsideration of Value) is now in the boat.

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Appraisal Contracts Mortgage Reconsideration of Value 90

Appraisal Today

MARCH 21, 2025

The FHFA oversees those government-sponsored mortgage companies, so Pultes new roles give him even more control over the direction of Fannie and Freddie. Here are two: Mark Zandi estimates that without an explicit or implicit government backstop of the mortgage giants, mortgage rates could rise by by 60 to 90 basis points.

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Appraisal Reconsideration of Value Mortgage Contracts 52

Appraisal Today

MARCH 28, 2025

But our training must govern here and force us to ask the question, Does this adjustment protocol reflect current market verities? They rescind the reconsideration of value (ROV) process implemented by the FHA during the administration of President Joe Biden in response to findings of possible appraisal bias.

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Appraisal Contracts Business Reconsideration of Value 61