Appraisals Fail Many Sellers
The real estate community has long complained about appraisals that lagged the market, but the report from the FHFA documents that their gripes are valid: Undervaluations spiked to 15 percent in 2021.
Fannie Mae ‘Moving Away’ from Appraisal Requirements
Saying it needs to modernize the way it values properties, Fannie Mae announced significant changes yesterday to the appraisal process for single-family mortgages it buys on the secondary market.
Appraisal Ethics Rule Revamp Delayed
An important revamp of the appraisal industry’s standards guidelines – including an important update to an ethics policy meant to address racial bias concerns – has been delayed by a full year.
Firms Make Strong Start on DEI
The local real estate and banking industries are big ships that turn slowly. But when they begin to move, as the many actions featured in this week’s issue of Banker & Tradesman show, the results are impressive.
Fannie, Freddie OK Exterior-Only, Desktop Appraisals
Appraisers worried about being exposed to COVID-19 while evaluating a house received some welcome news from Fannie Mae and Freddie Mac this morning.
House Passes Bill to Regulate Appraisal Companies
With the clock ticking under federal law, the state House of Representatives on Wednesday voted unanimously to establish a framework for licensing and regulating appraisal management companies in Massachusetts.
Fidelity Not Buffaloed
The Supreme Judicial Court rejected a real estate company’s argument courts should not invalidate a binding real estate appraisal because the appraiser’s firm, but not the appraiser himself, allegedly had a conflict of interest.
Are You Paying Unseen Add-On Fees For Your Appraisal?
Are you getting fleeced on appraisal charges when you buy a house or refinance?
