Appraisals and Valuations

Property appraisals were a significant pain point for lenders and borrowers in the pandemic years, attracting the attention of regulators and agencies who sought to make valuations faster and more efficient. Even as rising mortgage rates cooled the pace of home sales and refinances starting in 2022, appraisal modernization efforts picked up steam. In 2023, Fannie Mae updated its Selling Guide to include more options for valuations, including value acceptance (formerly appraisal waivers), value acceptance plus property data and hybrid appraisals. Today, lenders are relying on technology more than ever before to deliver accurate, timely valuations.

Another area of continued focus is appraisal bias. In 2022, the Biden administration formed the PAVE task force, made up of 13 federal agencies and offices, to combat appraisal bias. Led by HUD, the task force created an action plan the agencies could pursue through administrative action, rather than legislation, and released analysis of its appraisal data. Today the regulators and agencies in the task force continue to pursue a more equitable valuation process.

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Appraisal and Valuations News

Rocket Companies’ Bill Emerson on HUD lawsuit: ‘We want the correct party responsible, not us’ 

Dec 20, 2024By Kennedy Edgerton

On the HousingWire Daily podcast, Rocket Companies President Bill Emerson details the company’s recent lawsuit against HUD.

• How the Trump administration could impact the appraisal industry 

  Nov 25, 2024By Jeff Andrews

• How the “lavish” comp and perks NAR leaders enjoy compares to other housing trade groups 

  Nov 20, 2024By Brooklee Han

• Data valuation transformed: How AVMs can power property valuations for home equity lending 

  Nov 13, 2024 7:00 amBy John Holbrook

• Fannie Mae releases updates on leasehold estates, manufactured homes, fraud prevention 

  Nov 08, 2024By Chris Clow

• Appraisers say it’s business as usual despite the NAR settlement changes 

  Nov 05, 2024By Brooklee Han

• Sonu Mittal on Freddie Mac’s newest moves to lower lender, borrower costs 

  Nov 01, 2024By Kennedy Edgerton

• ClearValue teams with Restb.ai to bring computer vision to appraisal process 

  Oct 31, 2024By Jeff Andrews

• No undue risk! Freddie Mac’s Sonu Mittal on new buyback remedy, appraisal waiver extensions 

  Oct 30, 2024By Flávia Furlan Nunes

• Property data collection-based appraisal waivers, UPD and the future of appraisals 

  Oct 29, 2024 7:00 amBy Scot Rose

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