HUD rescinds appraisal review policies

Policies related to appraisal appeals, or reconsiderations of value (ROV), were rescinded Wednesday by the Federal Housing Administration (FHA).“While the adoption of a standardized ROV policy was one that real estate appraisers understood and was generally good for appraisers and consumers, the iss
Read MoreDisaster recovery for mortgage servicers: Navigating crisis with compliance & resilience

Lessons from California wildfires and other natural disastersCalifornia’s wildfires highlighted the chaos that natural disasters continue to unleash – not just on homeowners, but also on the mortgage servicers tasked with supporting them and the insurance industry that covers the cost of rebuilding.
Read MoreFrustration builds among retirees over more stringent Social Security rules, office closures

Retirees and advocates for older Americans are expressing unease and bewilderment at a series of announcements made by the Social Security Administration (SSA). The agency is seeking to implement new in-person identity verification requirements and plans to close more than two dozen field offices ac
Read MoreFix-and-flip activity was down in 2024, but profit margins grew slightly
The number of home flips across the U.S. fell in 2024, continuing a downward trend as real estate investors grapple with tight profit margins.According to Attom’s 2024 U.S. Home Flipping Report, investors flipped 297,885 single-family homes and condominiums last year. That marked a 7.7% decline from
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