Veros and Valligent Applaud FHA’s and the GSEs’ New Reconsideration of Value Guidelines
In another meaningful stride towards fairness and transparency in the housing market, the U.S. Department of Housing and Urban Development (HUD) announced (HUD No. 24-096) a reconsideration of value (ROV) policy change through the Federal Housing Administration (FHA) on May 1, 2024. In addition, the government-sponsored enterprises (GSEs) followed suit. Fannie Mae® announced a Selling Guide ROV update (SEL-2024-03, B4-1.3-12), as did Freddie Mac® (Bulletin 2024-6), on the same day as the new HUD ROV policy.
