Appraisal Modernization Act introduced in the Senate

Dated: July 26 2025

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The Appraisal Modernization Act — which institutes the creation of a public database of information that is within appraisals created for mortgage loans and standardizes processes for borrower-requested reconsiderations of value — has been introduced in the U.S. Senate. Although the stated purpose of the bill is to “require that financial institutions, appraisal management companies, appraisers, and other valuation professionals are serving the housing market in a manner that is efficient and consistent for all mortgage loan applicants, borrowers, and communities,” the National Association of Realtors has raised concerns about consumer privacy, MLS copyright infringement and market manipulation risks with the current language of the bill.
Source: NAR; 7/18/2025

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Pete McGuinn

Pete McGuinn - Your Trusted RE/MAX Main Line Real Estate Expert With over 22 years of experience as a full-time REALTOR® at RE/MAX Main Line, Pete McGuinn is a distinguished real estate professional....

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