Understanding the Revised ETHICS RULE

In the ever-evolving landscape of appraisal practices, it’s crucial for professionals to stay informed about changes and updates to standards. A significant revision has been made to the ETHICS RULE by the Appraisal Standards Board (ASB), particularly with the...

Freddie Mac’s New Appraisal Language Standards

In the dynamic world of real estate financing, staying ahead of changing standards and practices is crucial for lenders, especially those selling loans to Freddie Mac. A recent webinar shed light on important updates and best practices in appraisal language, focusing...

New Legislation to Restrict Hedge Fund Ownership in Housing

Representative Adam Smith and Senator Jeff Merkley have introduced the End Hedge Fund Control of American Homes Act of 2023, targeting the growing issue of hedge funds owning single-family homes. This trend has exacerbated housing unaffordability and wealth...

FHFA Increases CLL for 2024

The Federal Housing Finance Agency (FHFA) has announced an increase in the conforming loan limit values (CLLs) for 2024. The new baseline CLL for one-unit properties in most of the United States will be $766,550, marking a significant increase of $40,350 from the 2023...

Hearing on appraisal bias

Earlier this month the Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council held its third public hearing on appraisal bias. The hearing focused on the development and review of residential appraisals, reconsideration processes for...