Appraisal Buzz

MAY 31, 2021

The second appraiser could also have been incompetent, resulting in an over valuation of the couple’s property. The property valuation industry has a system for dealing with situations where a home’s appraised value is in dispute; it’s called the review process. Let’s unpack this situation…. The answer…. an income gap of 60%).

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Appraisal Buzz

DECEMBER 6, 2024

The report , which includes government-sponsored enterprise (GSE) mortgage data for manufactured homes, reveals that between 2000 and 2024, manufactured homes appreciated at nearly identical rates to site-built homes, growing approximately 5% annually.

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Housing Wire

JANUARY 24, 2022

The appraisal industry’s “byzantine regulation structure,” according to the report’s authors — experts in fair housing, fair lending and valuation — has stunted the appraisal industry’s understanding of fair housing risk. The post The appraisal industry’s governance problem appeared first on HousingWire.

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Housing Wire

MARCH 20, 2025

Coordinating property inspections and updated valuations helps maintain collateral value, protecting long-term investment integrity. Partnering with all stakeholders, inclusive of insurance providers, government agencies and community organizations, accelerates the process and smoothes out the customer experience.

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Housing Wire

OCTOBER 22, 2024

million, excluding the valuation and non-recurring items. 30, approximately $200 billion in unpaid principal balance, more than 30% of the loans in our portfolio, had a rate above 5%, $90 billion of which was government-insured or guaranteed loans, and $108 billion of which was conventional and other loans,” Spector said. As of Sept.

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Appraisal Buzz

AUGUST 1, 2022

As a minimum basis, a real property appraisal report written for the government sponsored entities (GSEs) and agencies are what USPAP (Uniform Standards of Professional Appraisal Practice) refers to as Appraisal Reports. The post The Value of Words in Valuation appeared first on Appraisal Buzz. Summary, What Does it Mean? i] [link].

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Appraisal Buzz

FEBRUARY 3, 2025

The 15 th edition of The Appraisal of Real Estate states the following: The term market area may be more relevant to the valuation process than either neighborhood or district for several reasons: Using the umbrella term, market area , avoids the confusing, and possibly negative implication of the other terms.

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Housing Wire

DECEMBER 5, 2024

Detroit-based Rocket claims HUD has misused the Fair Housing Act , placing the lender in “conflicting and irreconcilable positions” regarding government mandates on appraiser oversight and independence. A HUD spokesperson did not immediately respond to HousingWire ’s request for comments. Department of Justice in October.

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Housing Wire

JANUARY 23, 2024

a provider of property data and valuation technology solutions. With the acquisition , Consolidated Analytics expands its valuation solutions, offering clients tools — from data and analytics to appraisals — to predict market value and access a more comprehensive selection of collateral assessment products, the company said.

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Housing Wire

MARCH 21, 2023

The government-sponsored enterprise (GSE) approved six vendors following the roll-out of its new valuation initiative. The list includes some of the biggest names in the mortgage tech space — Solidifi, Class Valuation , Clear Capital , Mueller Services, Inc. Accurate Group and Black Knight ‘s Collateral Analytics LLC.

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Housing Wire

MARCH 21, 2025

the investment firm led by Fidelity National Financial (FNF) founder and Chairman William Foley II, is facing accusations of poor governance and a lack of strategic focus from activist investor Carronade Capital Management. We believe this misalignment points to a failure in capital allocation, strategic planning, and governance oversight.

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Housing Wire

MARCH 31, 2022

Congress hopes to supplant the appraisal governing body at the center of the industry’s self-regulated framework and make public the trove of appraisal data held by the government-sponsored enterprises. The registry would also track whether an appraiser had completed the minimum required fair housing training.

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Housing Wire

MARCH 23, 2022

The Department of Housing and Urban Development ’s long-awaited action plan on appraisal bias outlines administrative actions the federal government will quickly take to address mis-valuations. But the report fails to offer a clear plan to release appraisal data from the government sponsored enterprises.

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Housing Wire

NOVEMBER 28, 2023

Through the acquisition, ASG hopes to modernize the appraisal industry by providing innovative valuation products and solutions and complete new property data reports required by government-sponsored enterprises (GSEs).

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Housing Wire

APRIL 9, 2021

The firm offers targeted data analytics to simplify tax solutions, property valuation and settlement services for investors, government agencies, servicers and lenders. The transaction occurred around the same time that investment firm Gridiron Capital acquired Class Valuation , a technology-enabled appraisal management company.

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George Dell

FEBRUARY 2, 2022

This post starts the last in our series on the “five frictions” of valuation reform. We have considered that government regulation is a significant friction — holding back scientific and practical progress. The post Valuation Regulation — A Simple Universal Solution? We identified the only […].

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Housing Wire

SEPTEMBER 7, 2023

The appraisal industry is under scrutiny from various federal agencies and the government-sponsored enterprises over claims of racial bias. Those agencies and GSEs are also pushing more use of automated valuation models (AVMs).

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Housing Wire

AUGUST 6, 2024

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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Housing Wire

SEPTEMBER 13, 2023

The CAPE aPCR tool can be applied across the valuation spectrum—from adding condition validation to an automated valuation model (AVM), to driving appraisal workflows. The common understanding of valuation, inspection and even property value is shifting, as more and more technology-enabled alternatives are emerging.

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Housing Wire

MAY 2, 2024

Appraisal bias issues are more commonly discussed on the forward lending side of the mortgage business, but entities including the federal government and independent advocacy groups — including the National Consumer Law Center (NCLC) — have warned that appraisal bias could also impact seniors seeking a reverse mortgage.

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Housing Wire

JUNE 1, 2023

Six federal agencies have requested comment from the public on a newly-proposed rule that is designed to “ensure the credibility and integrity of models used in real estate valuations.” The intent is to create a set of standards that increase confidence in the use of AVMs, according to the announcement.

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Housing Wire

NOVEMBER 7, 2023

It is costing more for schools and governments to pay for services. That, combined with higher home valuations from sales last year, has meant that the average homeowner will pay an extra $130 annually in tax through fiscal year 2024, according to the county. The market has since cooled off, but taxes are going up.

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Housing Wire

MAY 27, 2022

The CFPB, a government watchdog agency, said lenders aren’t absolved from adverse action notice requirements under the Equal Credit Opportunity Act if they use complex algorithms, which Rohit Chopra, the director of the CFPB, has dubbed “black-box models.”. The requirement also applies to mortgage lenders, legal experts say.

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Housing Wire

OCTOBER 18, 2022

Real estate valuation technology company Clear Capital will cut 27% of its workforce across its offices in the U.S. Real estate valuation analysts are most affected by the cut in Roseville, with 25 out of a job. due to the slowdown in the housing market, according to the firm. TechCrunch first reported the layoffs on Friday.

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Appraisal Buzz

FEBRUARY 4, 2025

Drawing on research that examines climate risk awareness, housing market dynamics, climate migration patterns, and demographic and socioeconomic shifts, Property Prices in Peril offers a forward-looking analysis of the Housing Price Index (HPI), property valuation trends, and localized Gross Domestic Product (GDP) impacts extending to 2055.

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Housing Wire

APRIL 6, 2023

At the first ASC hearing in January, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra took aim at the dysfunctional regulatory system that governs the appraisal industry. “I I think not many people understand how this byzantine system works,” Chopra said. He called for the system to be dismantled and created from scratch.

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Housing Wire

SEPTEMBER 28, 2021

“We have 10 times more AMCs per capita than New Zealand and Australia,” said Lyle Radke, director of collateral policy at the powerful government-sponsored enterprise. Why is that?”. But they might “circumvent” operations especially when the entire appraisal industry is under fire.

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Housing Wire

MARCH 15, 2023

Seelig’s mandate is to “help Fannie Mae fulfill its mission to facilitate equitable and sustainable access to homeownership and quality affordable rental housing across America,” according to a statement from the government-sponsored enterprise (GSE).

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Housing Wire

MARCH 23, 2023

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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Housing Wire

NOVEMBER 3, 2020

Black Knight’s proven PPE delivers the tools lenders need to create and maintain an extremely competitive product offering, providing the ability to choose from thousands of leading conforming, non-conforming, jumbo, and government products—even supporting a lender’s in-house portfolio products.

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Housing Wire

OCTOBER 16, 2024

The valuation tech company said it will cover any financial loss associated with a repurchase or LLPA adjustment due to an appraisal defect. ” Loan buyback requests from the government-sponsored enterprises Fannie Mae and Freddie Mac have been long-enduring and expensive proposition for lenders.

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Housing Wire

OCTOBER 29, 2021

Getting regulators’ blessing would mean access to the firehose of government sponsored enterprise-backed loans for firms that hawk automated valuations.

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Housing Wire

NOVEMBER 6, 2023

Nearly 50 interviews from staff members in the federal government, financial technology companies, mortgage lenders and consumer advocates found that the ability of AI to improve racial equity can be undermined by the data used to train the algorithm, not just by the algorithm itself.

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Housing Wire

AUGUST 8, 2023

Real estate valuation technology company Clear Capital unveiled an automated underwriting risk analyzer solution called AURA on Tuesday. These features ensure compliance with internal credit policies, government sponsored enterprise (GSE) guidelines and investor overlays, thereby expediting the loan closure process.

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Housing Wire

AUGUST 18, 2022

Government loans and conforming loans held for sale would have a 20% risk weight. Mortgage servicing rights are vulnerable to high-volatility market conditions, Ginnie Mae said, and MSRs also pose a valuation and liquidity risk. government. Other loans held for sale would have a 50% risk weight.

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Housing Wire

AUGUST 2, 2023

Government-sponsored enterprise Fannie Mae this week released new updates to its appraiser independence requirements (AIR), and also established new property data independence requirements (PDCIR) simultaneously. Fannie Mae approved six vendors for its controversial new valuation initiative a few days later.

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Housing Wire

JANUARY 25, 2023

Real estate valuation technology company Clear Capital has conducted a new round of layoffs as part of a company restructuring plan. We looked at this as not just an adjustment to the current market climate, but also looking at the current shift that’s happening in the valuation industry.

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