Should a bank be allowed to use its own staff to value properties if it believes that there aren’t enough appraisers in its market to meet demand or that outside appraisals have become too costly?

In the event of default, when the borrower can't make the payments anymore, the bank uses the appraisal to value the home. If the home is in foreclosure, whereby the bank takes possession of it ...

WASHINGTON — Federal regulators unveiled new proposals on Wednesday that would toughen appraisal standards as they continue to mull broader steps to improve disclosures and underwriting in the ...

A bank appraisal specifically refers to an appraisal ordered by your lender. The lender uses this information to determine the value of the property you’re buying, and the information plays a ...

Though the bank did not admit to any wrongdoing or any appraisal bias, it moved quickly to update its policies on valuations. Specifically, employees will be trained on how to handle complaints of ...

Federal Reserve Chairman Jerome Powell in congressional testimony Wednesday played down the link between the Fed’s purchases of mortgage bonds and direct aid by the central bank to the housing ...