Tag Archives: HUD

Are They Finally Listening?

The CFPB is reviewing bias in Automatic Valuation Models (AVMs). The proposed rules are a joint effort by the Consumer Financial Protection Bureau, the Office of the Controller of the Currency, the Federal Deposit Insurance Corporation, the National Credit Union Administration and the Federal Housing Finance Agency. These agencies are concerned AVMS may reflect bias… Read More »

Action Required Now

Reminder to Comment – Only Four Days Remain! The FTC is asking for public comments on the consent decree by the Louisiana Real Estate Appraisal Board. The time line to comment is short and ends on July 22, 2021. VaCAP asks each of you to take a few minutes and read the consent decree as… Read More »

Have a Seat Please

              “If you don’t have a seat at the table, you are on the menu.”     Would it be misleading to disclose you performed a personal inspection of a property done with significant appraisal assistance in which you relied on supported demographics? Well maybe… The Appraisal Foundation has… Read More »

Appraisal Fees Back in the Spot Light

FTC vs LREAB Update The Supreme Court has denied the Louisiana Real Estate Appraisal Board’s petition to intervene in the administrative case for price fixing by the FTC. The FTC  trial is scheduled to proceed on April 20, 2021. VaCAP is closely following this case and will update you as it proceeds.  To view all… Read More »

The Appraiser’s Conundrum

The Appraisal Foundation has issued an exposure draft for Advisory Opinion 16. Advisory Opinion 16 is Fair Housing Laws: Avoiding Bias in Real Property Appraisal and Appraisal Review Development and Reporting. Unlike other exposure drafts, the text of the advisory opinion has been rewritten. The traditional strike through of word or phrase changes is nonexistent.… Read More »

Let’s Play a Game

How about 20 Questions..,  The Federal Housing Finance Agency (FHFA) has 20 questions for you.  Well, Actually it is only 19 questions. The FHFA is the organization  of the Federal Government that oversees Fannie and Freddie. They want feedback on how the GSE’s should move forward with appraisal policy, risk and appraisal processes.  Now why FHFA… Read More »

Is Your Head Spinning?

Within the past 48 hours, the appraisal community has been hit with so much information, we wanted to make sure each of you are aware of what is going on so.  The Other Side of Racism Appraisers Blogs published an article yesterday  that every appraiser needs to read, share and distribute on all social media… Read More »

Not With My Money

Appraisers have some very strong opinions on computer driven appraisals. Others are noticing the dangers as well.  It is more than just automated valuation models though.  In an article written by Danielle DiMartino Booth, for  Bloomberg , Fannie Mae and Freddie Mac are specifically called out on their appraisal waivers. The author compares the dangers… Read More »

Pause- Take Action Now!

This is a call to action!  Comments on the proposed changes to the 2022-23 USPAP are needed The proposed changes to the reporting requirement of Standard 2 may impact the profession negatively and confuse the public on who we are and what we do. We ask that each and every one of you pause for… Read More »