A new report from the American Enterprise Institute found multiple pitfalls in current governmental and GSE data and recommends that they turn their eye to individual appraisers to get a better picture of potential racial bias.
Read More »HUD Announces New Steps to Combat Racial Bias in Appraisals
“HUD is committed to making the appraisal process fair nationwide. We must eliminate bias in home valuations so that everyone can equally reap the benefit of wealth—and intergenerational wealth—that come along with homeownership,” said HUD Secretary Marcia L. Fudge.
Read More »Agencies Update Financial Exemption Requirements for 2023
Special appraisal dollar-amount limits, along with thresholds for Regulation Z and Regulation M, were adjusted by the CPFB to better reflect the current economic environment.
Read More »Report: Appraisal Modernization Equals Profits
The journey toward modernization began more than a decade ago with the digitization of appraisal data through the Uniform Appraisal Dataset and the Uniform Collateral Data Portal. A new report examines how this changed the way we think about collateral risk management, enabling new risk-based, data-centric approaches.
Read More »Thank Goodness for Mortgage Insurance
With affordability and inventory challenges rampant, Marshall Gayden of Radian Guaranty discusses why mortgage insurance can be the key to helping more buyers afford a home.
Read More »Can Alternative or Hybrid Appraisals Create More Equal Valuations?
Appraisals can be a stressful process for any buying or selling a home and there are many reasons why an appraisal would be undervalued or overvalued. Water intrusion, ...
Read More »A New Era for Desktop Appraisals
The GSEs’ recent switch to allow for desktop appraisals could usher in “a new area for collateral valuation.”
Read More »Survey: Black Homeowners Feel Race Factored Into Appraisal Values
More than 30% of African-Americans polled in a new study believe that home values came in lower than expected.
Read More »Stewart Appraisals Management Acquires Pro Teck Valuation Intelligence
In a statement, Stewart said that the acquisition of Pro Teck will "help to strengthen and expand its scale in appraisal and valuation solutions."
Read More »FHA Offers New Single-Family Appraisals Tool
The U.S. Department of Housing and Urban Development, by way of the Federal Housing Administration (FHA), this week announced the pending release of its FHA Catalyst: Electronic Appraisal ...
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