Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra has said the new report from the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) “underscores the critical importance of fair and accurate appraisals in residential real estate.” “Discriminatory home valuations, whether computed by an...
Embattled bank Wells Fargo has entered a settlement through which the firm will pay as much as $50 million tied to a racketeering lawsuit that it allegedly overcharged hundreds of thousands of homeowners for appraisals of their homes. Reuters said the settlement would still require...
A consortium of regulatory agencies has issued a proposal that would help make annual adjustments to inflation that would be used to scrutinize small loans from mortgage loan appraisal requirements that carry hefty price tags. In a statement released jointly by the Consumer Financial Protection Bureau, the...
August 07, 2023
Real estate and mortgage AI platform PropMix says it wants to help its sector modernize its products. To that end, the company on Monday (Aug. 7) debuted the “AI Innovation Garage for Appraisal Management Companies and Mortgage Lenders,” offered in partnership with the Innovation Incubator and designed to help the industry use generative artificial intelligence (AI) for product […]
March 23, 2022
Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra has said the new report from the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) “underscores the critical importance of...
November 01, 2016
Embattled bank Wells Fargo has entered a settlement through which the firm will pay as much as $50 million tied to a racketeering lawsuit that it allegedly overcharged hundreds of...
July 25, 2016
A consortium of regulatory agencies has issued a proposal that would help make annual adjustments to inflation that would be used to scrutinize small loans from mortgage loan appraisal requirements that carry...
