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...

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...

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...

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...

Federal Reserve Governor Michelle Bowman indicated that the U.S. central bank may need to further raise borrowing costs to bring inflation down to its 2% target. Despite the Federal Reserve maintaining its benchmark overnight lending rate at 5.25%-5.50% for two...

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...

The Federal Reserve's Board of Governors expressed concerns about commercial real estate (CRE) lending despite the overall soundness of the banking sector. According to the November 2023 Supervision and Regulation Report, while banking organizations continue to...