Who Owns the Data? By David Brauner, Editor Here’s a riddle: what do the following have in common: copyrighting appraisals, the Intended User/Intended Use provision in USPAP, Item 21 on the Fannie Mae form, data mining and the FNC lawsuit, automated appraisals (AMVs), and perhaps, the future of appraising? Apparently, they have everything in common....…
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Editor’s Note: In the wake of these turbulent times, the tide is turning for appraisers. Lenders and regulators finally seem to understand the necessity for accurate and independent appraisals; lenders and Wall Street are demanding valuation accuracy, and as we see in this story, regulators nationwide have proposed and/or passed a flood of legislation to...…
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