Borrowers have a right to request a reconsideration of value if they feel an error has been made by the appraiser. But it’s not an open-ended process; they can only initiate one ROV for each appraisal report.
The draft appropriations budget for the Department of Housing and Urban Development is more lenient than the Trump administration’s request, but still zeroes out fresh funding for the HOME program.
HUD housing counseling services help streamline the application process for borrowers, saving originators time and money, panelists said last week at MISMO’s spring summit in Boston.
The 2023 disparate-impact standard doesn’t align with the policy of the Trump administration and should be replaced by a 2020 version, the trade group said.
A coalition of more than two dozen affordable and fair housing advocacy groups urged FHFA and HUD to reverse course on staffing cuts and program eliminations.