Appraisals

The sides didn't suggest a deal was imminent, but indicated their willingness to wrap up the lingering Biden-era complaint involving a Black homeowner.

The class action complaint also names an appraisal management company, and slams their lack of transparency over how much the AMC pockets.

Bob Murphy was a key figure in vendor management as the co-founder of Lenders Service Inc., which is considered the first AMC, and later created ValuAmerica.

A Florida appraiser faces decades in prison after taking another's identity and claiming he conducted on-site inspection reports while based abroad.

ICE launched a fraud detection tool for underwriters, Newrez partnered with Matic and Rate announced a free home equity monitoring tool this month.

The changes provide standardized appraisal guidance in advance of a mandatory compliance date to a new reporting format in November this year.

The letter requested the agency to consider expanding the use of hybrid valuation methodologies and increasing the deployment of value acceptance.

Clear Capital acquires Restb.ai, ProxyPics becomes a verified provider of the Uniform Property Data Report plus more appraisal industry updates.

The changes put out by Fannie Mae and Freddie Mac make it clear the Nov. 2 date applies to valuation submissions to the UCDP, not when the loan is delivered.

True Footage claims a startup founder signed up for its products using false MLS credentials and used large language models to copy its software.

On Jan. 26, use of the new Uniform Residential Appraisal Report shifts from limited production to the optional phase, giving lenders 10 months to get ready.

The threshold regards loans where the annual percentage rate is at least 1.5 percentage points higher than the average prime offer rate on first liens.

Uncover how high-speed internet access drives property valuations, creates lending opportunities, and transforms mortgage markets nationwide.

Make the right lending decisions by being informed and knowledgeable on the impact of flooring during appraisals, upgrades, and resale evaluations.

Roof damage can reduce a property's value and loan security. Lenders must know the warning signs that indicate major structural and financial risks.

The Federal Housing Administration is moving to the same standard for the new Uniform Residential Appraisal Report that the conforming market is adopting.

Say goodbye to Fannie Mae form 1004 and various addendum as lenders and appraisers have to get ready to work with the Uniform Residential Appraisal Report.

A headline-grabbing 2022 lawsuit alleging racial bias by home appraisers has been quietly dismissed for lack of evidence. At the same time, the Trump administration is rolling back many of the policy changes involving home appraisals that the Biden administration put in place.

President Trump and his administration have begun to scrap new mortgage lending guidelines that made it easier for home buyers and sellers to dispute property appraisals, finding that homes owned by racial minorities are routinely valued lower than comparable homes with white owners. But despite the promised regulatory relief, many mortgage lenders say the regulatory changes will not impact their lending practices.

The legislation is a direct response to HUD's effective elimination of the PAVE task force and comes amid ongoing debates over DEI policies in the federal government.