Tag: Appraisal

FHA Commissioner Brian Montgomery hints at issues in FHA appraisals

The world’s largest mortgage insurer can only check for mortgage defects on a “small” number of mortgages due to technological shortcomings and that’s leading to a potential rise in appraisal-related issues. The Federal Housing Administration has already identified issues in appraisals on reverse mortgages and is taking steps to address those issues, but FHA Commissioner Brian Montgomery told the crowd at the Mortgage Bankers Association…