The appraisal industry, unlike other sectors of the housing finance industry, has been allowed to govern and regulate itself. The Appraisal Foundation is an industry-run private nonprofit that has a ...
While the Federal Housing Finance Agency made 17 referrals to the Department of Housing and Urban Development regarding alleged appraisal bias, it did not take the additional step of filing complaints ...
WASHINGTON — Editor's note: The above video is from November 2021. A 54-page report released by the Interagency Task Force on Property Appraisal and Valuation Equity Wednesday, confirmed what many ...
The Federal Housing Finance Agency (FHFA) failed to adequately document desktop appraisal reports, which clouds data on the effectiveness of the desktop appraisal program, according to a report ...
The lack of consistent record-keeping on desktop appraisal reports could pose risks to financial safety, with the OIG pushing for increased transparency and improved monitoring. The Office of ...
The National Community Reinvestment Coalition (NCRC) recently filed two complaints against appraisers with the Department of Housing and Urban Development asserting different treatment based on race ...
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On today’s episode, Editor in Chief Sarah Wheeler talks with Senior Mortgage Reporter Georgia Kromrei about the much-anticipated PAVE Task Force report on appraisal bias. Kromrei digs into what the ...
New ACI Sky™ Workbench Platform is Designed to Modernize Appraisal Processes “Our goal with Workbench is to reimagine how appraisers work – streamlining processes, enhancing compliance and increasing ...
The Dunning-Kruger effect is a cognitive bias in which less than competent people overestimate their abilities in a particular domain. A recent letter writer has trolled me before. He’s a sore loser ...