States Coalition Letter to FHFA regarding Fannie Mae’s Appraiser “Blacklist”
Fannie Mae’s new “Appraiser Quality Monitoring” initiative that creates an appraiser “do not use list” or “blacklist” has alarmed many working appraisers, especially since at least a portion of the...
View ArticleThe Appraisal Profession & Appraiser’s Business Decimated by the Increasing...
For the past two months, VaCAP has participated in a networked council consisting of 13 professional state appraisal organizations in responding to the Agencies request for comments of the Proposed...
View ArticleHistoric Meeting of State Appraiser Organizations
Representatives of several independent state professional appraiser organizations met in Chicago, Illinois on Saturday October 11th, to further discuss collaboration on issues affecting their...
View ArticleNetwork of State Appraisal Orgainzation’s letter to FHFA Director Watt...
For over the past couple of months, VaCAP has participated with 18 other State Appraiser Coalitions in drafting an unified response to Fannie Mae’s Collateral Underwriter Program. Their letter to FHFA...
View ArticleFHA Appraisers Increased Liability with New Requirements
Excerpt New FHA Requirements Put More Responsibility and More Liability on FHA Appraisers After reviewing the new HUD handbook, my overall conclusion is that there were not many changes to the overall...
View ArticleSeparating Appraisal Fees from AMC Fees
On July 1, 2015, the Network of State Appraiser Organizations (NSAO) submitted a joint letter in response to the CFPB request for comments on the proposed amendment to the “Know Before You Owe”...
View ArticleFHA vs USPAP – Appraisers Caught in Catch 22
Excerpt The new FHA Handbook will become effective on September 14, 2015. There has been much discussion of the implications of changing “should” to “must” in thousands of examples in the Handbook. As...
View ArticleUndercutting the Appraisal Profession
Proposed Revision to STANDARDS RULE 2-2…a change that would undercut the appraisal profession in a major way… Comments on the proposed changes to the 2022-23 USPAP are needed. The proposed changes to...
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