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Government-sponsored enterprise Fannie Mae this week released new updates to its appraiser independence requirements (AIR), and also established new property data independence requirements (PDCIR ...
In October, the Department of Justice (DOJ) made headlines when they sued Rocket Mortgage for housing discrimination in the form of exhibiting ... the doctrine of appraisal independence and ...
But if it complies with those independence requirements by not taking action to “directly or indirectly” attempt to influence the “independent judgment” of a third-party appraiser ...
These guidelines take effect on Friday, Jan. 1, 2010. Highlights: Independence (ML 09-28) HUD provides clarification and reaffirmation of FHA appraisal requirements related to appraiser independence ...
Get all the news you need in your inbox each morning. In July, HUD alleged that Rocket Mortgage's contracted appraisal agent had issued a biased appraisal against a Denver-area homeowner because ...
Miami-Dade Property Appraiser Carlos Lopez-Cantera wants a clear verdict on the independence of his office, according to a lawsuit filed Tuesday. Lopez-Cantera’s lawyers, Dan Gelber and Jerry ...
When the agencies issued a significant update to their appraiser independence requirements in August 2023, LON's then-appraisal management system partners were slow to adapt to these requirements ...
As the Biden administration's effort to root out bias among home appraisers marches on, those in the field worry the push could undermine their independence. Since the White House launched the ...
By way of background, in response to the Great Financial Crisis, the Dodd-Frank Act established new rules to ensure appraisal independence and address issues of inflated appraisals or overvaluation.
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