Housing Wire
OCTOBER 21, 2024
After she complained to Rocket Mortgage, the company canceled her refinance application. The homeowner submitted a complaint to the HUD, which concluded that the defendants violated the Fair Housing Act , and referred the matter to the DOJ. This is the second appraisal bias case involving a top-10 lender and a powerful regulator.
Appraisal Buzz
APRIL 15, 2024
By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. Most appraisers have diversity in their business channels.
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Housing Wire
APRIL 24, 2023
The mortgage trade group said it was concerned that the CFPB and DOJ would hold lenders liable for the actions of an appraiser, who is neither an employee nor an agent of the lender, a reference to a case in U.S.
Appraisal Buzz
JULY 15, 2024
Fannie Mae and Freddie Mac are not designing the software for the future, but they have provided the specification for the Uniform Appraisal Data set (UAD) they want to receive. It is up to appraisal software companies to develop solutions to provide this specific data set. This methodology has its issues as well.
Padove Appraisal Service
FEBRUARY 27, 2023
When selecting an appraiser, it’s important to choose someone who is licensed and qualified to perform the type of appraisal you need. Many appraisers’ professional experiences are limited to mortgage appraisals. They may not be familiar with reporting requirement for other appraisal purposes.
Birmingham Appraisal
APRIL 11, 2023
3) Use bracketing when choosing comps- The technique of using sales that are larger and smaller than the home you are pricing is referred to as bracketing. By superior I refer to the different features that contribute to higher sale prices of homes. Conclusion These tips for choosing comps are the ones that come to mind immediately.
Appraisal Today
MARCH 15, 2024
Kiedrowski The most recent statistics show Value Acceptance accounts for up to 40% of all mortgage approvals. It is presented as part of the GSEs “Appraisal Modernization” initiative, which aims to streamline the mortgage appraisal process.
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