Housing Wire

MARCH 20, 2025

Coordinating property inspections and updated valuations helps maintain collateral value, protecting long-term investment integrity. State compliance frameworks coupled with state-level consumer protection laws will remain in effect, and servicers must navigate evolving regulatory landscapes to ensure uninterrupted service.

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Housing Wire

JULY 17, 2024

regulators announced on Wednesday that they have approved a final rule that requires mortgage originators and secondary market issuers to impose quality control standards for their automated valuation models (AVMs). In June , the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp. ”

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Housing Wire

MAY 23, 2022

” The post Proposed VA appraisal law looks to even the playing field appeared first on HousingWire. Jones added that past funding fee increases may have put the funding fee schedule into “misalignment with the actual risk profile of veteran borrowers.”

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Law Appraisal Modernization Appraisal Process 418

Appraisal Buzz

AUGUST 1, 2022

Since USPAP is part of our regulations and laws that oversee our profession, it is the best place to start here as a professional. The post The Value of Words in Valuation appeared first on Appraisal Buzz. When reading contracts, words will always have their ordinary meaning unless defined otherwise. i] [link]. [ii]

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Valuation Appraisal Contracts Legal 360

Housing Wire

DECEMBER 5, 2024

The DOJ alleges that Rocket, along with two appraisal companies — Maverick Appraisal Group and Solidifi — and appraiser Maksym Mykhailyna, issued a biased home valuation that resulted in the denial of a refinance loan to a Black homeowner in Denver. Department of Justice in October.

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Housing Wire

JUNE 20, 2024

FDIC) — announced their approval of a final rule imposing quality control standards for automated valuation models (AVMs) used by mortgage originators and secondary market issuers. The models must comply with applicable nondiscrimination laws. On Thursday, two U.S.

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Valuation Real Estate Insurance Appraisal 459

Housing Wire

MARCH 26, 2024

The changes include communicating to applicants that they have the right to request a reconsideration of value (ROV); explaining why an ROV is denied or the valuation is unchanged; and training its credit, valuation and customer service staff on the topic. But the company hasn’t admitted any fault.

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Appraisal Reconsideration of Value Valuation Mortgage Appraisal 463

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.” It is also important that the AVMs institutions use adhere to quality control standards designed to comply with applicable nondiscrimination laws.”

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Valuation Design Law Real Estate 418

Housing Wire

JUNE 9, 2023

The guidance, to be published in the Federal Register with a 60-day public comment period thereafter, “shows how ROVs intersect with appraisal independence requirements and compliance with applicable laws and regulations,” according to the announcement. The guidance also prioritizes appraisers’ independence and responsiveness to consumers.

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Real Estate Reconsideration of Value Valuation Law 397

Housing Wire

MAY 27, 2022

All lenders must explain their rationale when denying credit to loan applicants, the Consumer Financial Protection Bureau affirmed Thursday, after looking into whether companies claiming exemption because they rely on “complex algorithms” were in violation of federal anti-discrimination law.

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Valuation Law Legal Government 448

Housing Wire

JULY 15, 2024

Department of Housing and Urban Development (HUD) announced on Monday that it has charged lender Rocket Mortgage , two appraisal companies and one appraiser with allegedly issuing a biased valuation and denying a refinance loan to a Black homeowner in Denver. That was not the practice for appraisals with white owners, HUD stated.

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Appraisal Valuation Law Home Value 426

Housing Wire

DECEMBER 14, 2021

The Federal Housing Finance Agency (FHFA) is the latest stakeholder to examine how racial bias may creep into property valuations. It’s unclear whether the inclusion of references to race in appraisal reports reveals bias in the valuation process or introduces it.

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Appraisal Valuation Finance Training 459

Appraisal Buzz

JULY 28, 2021

In today’s Buzzcast, we dive into the Legal and Accounting presentation of our Business Building Workshop being held at Valuation Expo on September 8th. Today we have the host, Peter Christensen, Owner of Christensen Law Firm, with Joan Trice, Founder of Allterra Group, LLC. Do you hire employees or independent contractors?

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Housing Wire

MARCH 3, 2021

Reacting to headlines pointing to racial bias in some home appraisals, the Appraisal Foundation this week said that it would require all appraisers to take a seven-hour course focused on fair housing laws and bias. “This part of the course will concentrate on how to avoid both bias and the perception of bias in appraisals.”

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Appraisal Valuation Law Inspection 448

Housing Wire

JANUARY 16, 2024

The first was a motion for judgement as a matter of law and the second was a motion for a new trial. Missouri law permits sellers and their agents to compensate buyer agents One last item— Missouri state law it is permitted for sellers and their agents to compensate buyer agents. It does happen.

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Agents Law Sellers Legal 448

Housing Wire

JANUARY 13, 2022

Quicken Loans passed the value along to the appraisal company, which changed the home’s valuation from $122,500 to $125,500, the couple claimed. In the case, concluded in June 2021, the Court stated that the law requires a concrete injury to grant a person the option to sue to vindicate a right.

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Appraisal Valuation Law Home Value 448

Appraisal Buzz

JUNE 17, 2024

However, with agents’ commissions and roles being questioned, appraisers have the chance to position themselves as indispensable experts in property valuation. By positioning themselves as unbiased third parties who provide impartial, data-driven valuation reports, appraisers can offer invaluable services directly to buyers.

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Appraisal Real Estate Agent Valuation Real Estate 370

Housing Wire

JUNE 25, 2024

The rule specifically targets automated valuation models (AVMs), according to an announcement from CFPB Director Rohit Chopra and deputy director Zixta Martinez. The importance of home appraisals to the homebuying and selling processes necessitate a stronger eye toward the use of burgeoning AI across a wide swath of U.S. businesses.

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Appraisal Real Estate Valuation Law 397

Housing Wire

MAY 21, 2024

Use online valuation tools Though they’re not perfect, online valuation tools can offer estimates based on public records and algorithms. Appraisers have access to detailed property information, and while they may not disclose exact sales prices, they can provide insights into the valuation process.

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Real Estate Agent Real Estate Inspection Valuation 488

Housing Wire

NOVEMBER 3, 2023

The platform helps to differentiate from the competition with real-time and augmented property valuation estimates, unique AI-driven property search, personalized market intelligence, valuable real estate agent connections, potential savings and rebates*, and more. Find their dream home faster. Evaluate properties instantly.

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Real Estate Agent Real Estate Insurance Valuation 435

Housing Wire

AUGUST 7, 2020

Valuation technology company Valligent Technologies has named Walter Allen as its executive vice president of digital transformation. Financial services law firm Garris Horn announced that mortgage attorney Melanie Feliciano has joined as a partner. Before that Yankowski was president and CEO of Executive Title Insurance Services.

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Technology Law Lending Legal 348

Housing Wire

JULY 11, 2024

For example, mentors must complete a course related to valuation bias and fair housing laws, and there are terms for marketing the PAREA program and the scholarship fund to diverse communities. The settlement, which will govern the foundation’s conduct for three years, requires enhancements to the PAREA program.

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Appraisal Valuation Development Property Appraisal 433

Appraisal Buzz

OCTOBER 14, 2024

According to Epoch research , “Since 2010, the amount of training computed for machine learning models has grown by a factor of 10 billion, significantly exceeding a naive extrapolation of Moore’s Law.” They also are using computer vision to validate third-party valuations prepared by appraisal management companies.

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Valuation Renovations Technology Appraisal 368

Appraisal Buzz

JUNE 26, 2024

A new rule was passed by the Consumer Financial Protection Bureau (CFPB) to address the use of artificial intelligence and complicated algorithms in home valuations, both now and in the future. A proper home appraisal is essential whether purchasing or selling a property.

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Appraisal Tools Appraisal Process Real Estate 391

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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Appraisal Reconsideration of Value Government Valuation 448

Appraisal Buzz

JULY 3, 2024

Today on the Appraisal Buzzcast, host Hal Humphreys speaks once again with Peter Christensen, attorney/owner at Valuation Legal, CE instructor at Appraiser eLearning, and one of our highest rated Buzzcast guests. What are some current court cases and lawsuits affecting appraisers today?

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Appraisal Valuation Legal Development 361

Appraisal Buzz

MARCH 3, 2025

Regulations surrounding ADUs are ever-changing and with this rapid evolution, it is important to stay up to date on all local and state zoning laws, building codes and permit regulations. Borrowers also need to be aware of occupancy requirements and regulations around renting, along with rental rates and laws that prohibit short-term rentals.

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Construction Appraisal Legal HOA 248

Housing Wire

OCTOBER 16, 2023

The dataset can be used to, among other things, study housing valuation, housing market disparities and inequities, and consumer preferences.

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Valuation Law Appraisal Finance 446

Housing Wire

JUNE 27, 2023

The CMO Playbook speakers are forces in the industry with interesting backgrounds and paths to their current role,” said Jennifer Laws, senior vice president of sales at HW Media. “We We hosted 100+ marketers at HW Annual 2022, and I am hoping that being a part of the general agenda will get even more people in the room this year,” said Laws.

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Marketing Law Valuation Design 435

Appraisal Buzz

JULY 18, 2024

In particular, “ Quality Control Standards for Automated Valuation Models ” will implement quality control (QC) standards for automated valuation models (AVMs) used by mortgage originators and secondary market issuers in valuations. The final rule is similar to the proposal issued in June 2023.

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Valuation Design Law Appraisal Process 221

Housing Wire

JUNE 17, 2022

I take very seriously the commitments we’ve made to regulators, legislators, & industries who changed laws and policies to unlock the digital future we’re creating. The funding round valued Notarize at $760 million, triple its valuation at the time of its $35 million Series C funding round a year prior, at the start of the pandemic.

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Legal Business Valuation Law 459

Housing Wire

JULY 1, 2024

Lucie Realtors Donna Schmidt Chief Executive Officer DLS Servicing Donna DelMonte Executive Vice President of Operations LoanStream Mortgage Erica Acie Head of Retail Originations Truist Erica Vigen Senior Product Manager, Real Estate Analytics Clear Capital Erin Sheckler Head of National Commercial Services Stewart Erin Wester Vice President of Product (..)

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Realty Real Estate Chief Valuation Officer Technology 493

Housing Wire

APRIL 27, 2023

“Generally, this piggyback mortgage product, known as an 80/20 loan, involved a first lien loan for 80% of the value of the home and a second lien loan for the remaining 20% of the home’s valuation.” Debt collectors do not get to claim ignorance of the law or ignorance of the debt’s age if the statute of limitations has expired,” he said.

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Mortgage Law Valuation Design 370

Housing Wire

SEPTEMBER 23, 2021

Closing loans without documentation violates federal laws, including the Dodd-Frank Act , which requires mortgage originators to follow minimum standards for all mortgage products. late Thursday afternoon, with a valuation of $2.1 The post Ex-loanDepot COO: Tony Hsieh cut corners to boost volume appeared first on HousingWire.

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Retail Development Valuation Law 103

Housing Wire

MARCH 26, 2025

Depending on where youre located, these signs can be a matter of law, making soliciting technically considered trespassing. Script 3 – Free home valuation/comparative market analysis (CMA) Agent: Hi, how are you? I can do a free home valuation for you if youd like. In truth, is someone going to call the cops on you?

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Real Estate Real Estate Agent Agents Clients 368

Appraisal Buzz

JANUARY 10, 2022

Here’s a brief look at valuation risk through the eyes of a lender or an Appraisal Management Company. Risk 3: Valuation risk. Lenders are required by law to avoid bias and they must be prepared to demonstrate to regulators and investors that they aren’t making this mistake. But they still see risk pretty much everywhere.

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Appraisal Valuation Real Estate Investors 374