Top Federal Issues
Federal Issues and Actions
With so much happening at the federal level, it's critical to stay up on recent developments. Our team works to keep you informed by curating and updating the latest news.
AI Letter to New FHFA Director Bill Pulte
Letter from the Appraisal Institute to FHFA Director Bill Pulte congratulating him on his recent confirmation by the Senate, and respectfully urging him to reconsider recent policies expanding eligibility for appraisal waivers and hybrid appraisals.
Read the LetterAppraisal Organizations Comment on EGRPRA Review
Appraisal Organizations Ask Fed Banking Agencies if GSEs Waiver Programs Align with Intent of FIRREA.
Read the LetterAI Letter to FHFA Regarding LTV Policy
The Appraisal Institute was joined by the American Society of Appraisers, National Association of Appraisers, the American Society of Farm Manager and Rural Appraisers, National Society of Real Estate Appraisers and MBREA in a letter to the Federal Housing Finance Agency (“FHFA”) expressing strong concerns regarding their recent decision to expand eligibility for appraisal waivers on purchase loans.
Read the LetterAppraisal Orgs Call for Mandatory Fee Split
Appraisal Organizations responded to the CFPB's RFI on "junk fees" in mortgage origination by calling on the CFPB to mandate the separate disclosure of fees paid to appraisers and those paid to AMCs on mortgage closing forms.
Read the LetterAI to VA on Minimum Property Requirements Proposal
AI Responds to VA Proposal on Minimum Property Requirements
Read the LetterAI Calls for AMC Fee Disclosure
AI encourages the CFPB to mandate the separation of fees on settlement disclosure forms.
Read the LetterAppraisal Orgs on ROV Technical Changes
The undersigned professional appraisal organizations appreciate the agencies’ collective efforts to develop guidance around Reconsiderations of Value (ROVs) to provide financial institutions, consumers, and appraisers with a more transparent and consistent process.
Read MoreAppraisal Licensing Modernization
We are working to bring appraisal licensing into the 21st Century with the Portal for Appraisal Licensing Act.
Read the Details