The lack of consistent record-keeping on desktop appraisal reports could pose risks to financial safety, with the OIG pushing for increased transparency and improved monitoring. The Office of ...
SAN FRANCISCO (KGO) -- A new report released Wednesday by the National Fair Housing Alliance is calling for sweeping reforms in the appraisal industry and highlights a lack of diversity in the field, ...
The Department of Housing and Urban Development’s long-awaited action plan on appraisal bias outlines administrative actions the federal government will quickly take to address mis-valuations. But the ...
Research detailing overt demographic references in appraisal reports has sparked anger from appraisers, even as they express dismay at the findings. “I was sickened when I read it,” said St.
While the Federal Housing Finance Agency made 17 referrals to the Department of Housing and Urban Development regarding alleged appraisal bias, it did not take the additional step of filing complaints ...
The overall occurrence rate for these violations has gone down, Fannie Mae reports. As part of its ongoing effort to scan appraisal reports for “prohibited or subjective language,” Fannie Mae issued a ...
New ACI Sky™ Workbench Platform is Designed to Modernize Appraisal Processes “Our goal with Workbench is to reimagine how appraisers work – streamlining processes, enhancing compliance and increasing ...
The National Community Reinvestment Coalition (NCRC) recently filed two complaints against appraisers with the Department of Housing and Urban Development asserting different treatment based on race ...
Before any lender loans you money to purchase a home, they normally want to know how much the home is worth. The value of the home and its location will determine if a lender is willing to offer you a ...
If you’ve ever wondered how house appraisals work, you’ve landed on the right page. Although house appraisals may seem overwhelming with all the technical jargon and numbers, learning about them and ...