Home purchases can be complicated by an appraisal below the buyer’s contract price offer. For the sale to go through, the buyer typically must renegotiate the purchase price, put more cash down, or ...

A Federal Housing Finance Agency (FHFA) analysis has shown racial disparities in appraisers’ use of time adjustments, potentially harming borrowers of minority groups. The FHFA based its analysis on ...

For buyers, appraisal processing may take longer as appraisers, lenders, and other professionals adjust to the new standards ...

The Federal Housing Finance Agency (FHFA) recently published another FHFA Insights blog post addressing the underutilization of appraisal time adjustments by appraisers that is a companion to an FHFA ...

Appraisers don’t set the market; they reflect what’s happening in the market, according to the Appraisal Institute. That reminder was included in a statement coinciding with the release of a “guide ...