by RMAA Website | Jul 2, 2024 | Appraisal News
Today, the Federal Housing Administration (FHA) is announcing updates to its FHA Connection (FHAC) system and an industry stakeholder briefing webinar as part of the implementation of its Appraisal Review and Reconsideration of Value Updates Mortgagee Letter (ML)...
by RMAA Website | Jun 26, 2024 | Appraisal News
REcolorado issued the following joint statement from the South Metro Denver Realtor Association (SMDRA) and the Denver Metro Association of Realtors (DMAR) on June 25, 2024: First and foremost, we want to apologize to each of you as our members that we were not able...
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...
by RMAA Website | Apr 9, 2024 | Appraisal News
On March 28th the Federal Housing Administration (FHA) published Frequently Asked Questions (FAQs) that address inquiries received from stakeholders regarding payment of real estate agent commissions related to the recently announced nationwide settlement agreement...
by RMAA Website | Mar 20, 2024 | Appraisal News
In an effort to improve the quality of appraisal reports, Fannie Mae has scanned appraisals and tracked the number of reports with prohibited and/or subjective language since 2021. In 2021 over 1,500 appraisers received letters notifying them of a violation. The...
Recent Comments