by RMAA Website | May 13, 2024 | Legislation
Summary: A subject jurisdiction must allow one ADU as an accessory use wherever the jurisdiction also allows single-unit detached homes. The bill prohibits subject jurisdictions from imposing new parking requirements or requiring that the ADU be owner occupied. The...
by RMAA Website | May 9, 2024 | Continuing Education
One of the most common, highest and best use problems appraisers find is the difference between excess and surplus land. This is especially true in the residential part of the industry. Learn the differences between Fannie Mae, FHA, Freddie Mac and other lender...
by RMAA Website | May 2, 2024 | Appraisal News
Yesterday, the Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2024-07, Appraisal Review and Reconsideration of Value (ROV). This ML strengthens FHA’s existing ROV process as part of HUD’s commitment to strengthening safeguards against unlawful...
by RMAA Website | May 1, 2024 | Appraisal News
FHFA today announced that Fannie Mae and Freddie Mac (the Enterprises) published new Reconsideration of Value (ROV) policies after months of collaboration with FHFA and the U.S. Department of Housing and Urban Development’s (HUD) Federal Housing Administration. A...
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