FHFA Directs Fannie and Freddie to Allow Appraisal Alternatives
on March 23, 2020 at 9:56 pm
FHFA directed Fannie Mae and Freddie Mac to allow the use of appraisal alternatives to reduce the need for appraisers to conduct interior property inspections for eligible mortgages through May 17, 2020.
NAR’s Advocacy Work Towards COVID-19 Relief
on March 21, 2020 at 5:19 pm
The National Association of REALTORS® has been responding to a flurry of legislative activity aimed at providing economic relief from COVID-19. NAR is committed to ensuring that lawmakers continue to take into consideration the real estate industry, including independent contractors and small business owners.
AQB Proposes Update to Appraiser Criteria
on January 9, 2020 at 7:55 pm
The Appraiser Qualifications Board (AQB) released proposed changes to the Appraiser Qualification Criteria.
NAR Testifies on USPAP
on November 19, 2019 at 11:53 pm
On October 11, 2019, NAR provided comments on the Appraisal Standards Board’s (ASB) concept paper reforming the evaluation standards in USPAP.
Agencies Increase Residential Appraisal Threshold
on September 27, 2019 at 7:46 pm
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively “the Agencies”) adopted a final rule increasing the threshold for requiring an appraisal in residential real estate transactions from $250,000 to $400,000.