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...
by RMAA Website | Apr 15, 2024 | Legislation
Summary: The bill prohibits local governments, including home rule or statutory cities, counties, towns, territorial charter cities, and consolidated cities and counties, from limiting the number of people who may live together in a single dwelling, regardless of...
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 26, 2024 | Legislation
HB24-1085 went before the Senate Judiciary Committee on March 18th. The Judiciary Committee consists of 5 members, 3 Democrats and 2 Republicans. After another long hearing, it was clear the three Democrats on the committee were not convinced the policy was needed...
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...
by RMAA Website | Mar 19, 2024 | Appraisal News
Fannie Mae just released its March issue of Appraiser Update. This edition touches on hot topics including Zoning changes, Hybrid appraisals, Subjective language, Recent Selling Guide updates and Tips on how to keep your appraisal credentials safe. See the full report...
by Jennifer Wentworth | Mar 9, 2024 | Appraisal News
It’s Official! The Northern Colorado Association of Real Estate Appraisers (NCAREA) is now the Rocky Mountain Appraiser Association (RMAA). After much discussion and contemplation, the Board of Directors unanimously voted on an organizational name change on...
by Jennifer Wentworth | Mar 8, 2024 | Continuing Education
Join us on Tuesday, April 9th from 1-4 PM for a special hybrid continuing education opportunity offered by HUD titled “Appraising for FHA.” RMAA members will earn 3 hours of CE credit by attending this course. HUD staff appraisers review appraisals for FHA...
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