Earlier this week the House passed the Economic Growth, Regulatory Relief and Consumer Protection Act, colloquially known as the Dodd-Frank rollback bill. The Allterra Group announced the release of its 2018 AMC Directory. And Fannie and Freddie issued a joint press release announcing plans to revise the UAD and their appraisal reporting forms, including the URAR. Keep reading for more details on the latest in appraisal news.
House passes Dodd-Frank rollback bill
On Tuesday the House of Representatives passed the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155). President Trump is expected to sign the bill into law. If passed, the bill will roll back reforms from the 2010 Dodd-Frank Act. This article outlines arguments both for and against the bill. In a nutshell, supporters say it will bring regulatory relief to community banks. Opponents say it will actually benefit megabanks and weaken mortgage protections for borrowers.
Allterra releases 2018 AMC directory
The Allterra Group released an updated version of its AMC Directory this week. The directory is intended to help ease the process of finding the right Appraisal Management Company (AMC) to work with. This year’s publication includes over 440 verified AMCs and current contact info for each. The 2018 AMC Directory is now available for purchase at AppraisalBuzz.com.
Fannie and Freddie to update appraisal forms
Fannie and Freddie have officially announced they are planning to revise the Uniform Appraisal Dataset (UAD) and their appraisal forms. This includes the Uniform Residential Appraisal Report (URAR). The GSEs haven’t updated their forms since 2005, and they haven’t made significant changes to the UAD since 2011. This post discusses how long it will be before the revisions are implemented, and how you can (potentially) get involved in the process if you’d like to contribute your two cents.
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