Money Does Grow on Trees, After All
Every parent, myself included, who has uttered the immortal words “money doesn’t grow on trees” was dead wrong, at least when it comes to residential real estate.
Feds Target Bias in Home Appraisals
The real estate appraisal industry could be in for some significant changes as the Biden administration looks to make good on a campaign pledge to root out racial discrimination in the housing industry.
CFPB to Consider Rules for Automated Home Appraisals
Citing concerns about biases in automated home appraisal models, the Consumer Financial Protection Bureau could create rules to ensure that computer models determining home valuations are accurate and fair.
Appraisers, Inspectors Face Different Challenges in a COVID-19 World
If you are intent on buying a home during the pandemic, obtaining an appraisal shouldn’t stand in your way. But procuring a home inspection may be another question.
Fannie Doesn’t Shift on Appraiser Rules for Refis
New guidance from federal bank regulators and Fannie Mae includes no changes on a key issue bedeviling the state’s real estate appraisers and mortgage lenders.
Mass. Mortgage Bankers Blast FHFA: ‘Consumers Are Paying the Price’
The trade group representing Massachusetts’ mortgage industry fired a broadside at one of the top federal housing regulators.
Appraisal ‘Adjustments’ Can Cause Trouble
According to survey research provided by the National...
