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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.

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Types of Appraisal Values

Appraisal Today

Let’s examine eight different types of value and provide a high-level overview of each. Understanding Market Value Market value is the most frequently sought value in real property appraisals and can have various definitions. Excerpts: Insurance is financial risk management. Income replacement.

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HUD and FHA announce new appraisal bias protections

Housing Wire

Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) announced a new policy on Wednesday that will enable mortgage borrowers to “request a re-assessment of the appraised value of their property if they believe that the appraisal was inaccurate or biased,” according to an announcement from HUD.

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HUD Recaps Historic Investments Made Over the Biden Administration 

Appraisal Buzz

Reduced mortgage insurance premiums , delivering real savings to American homebuyers and helping more families attain the dream of homeownership through FHA-insured financing. Below are some highlights of the Administrations historic housing agenda, where over the past four years, HUD has: Helped more than 2.3

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