The CFPB reverses several temporary pandemic flexibilities put in place last year to protect consumers. A record-breaking 39.2% of homes sold above list price in March, with San Jose, Sacramento, and Salt Lake City among the top real estate markets driving the all-time high.…
FHFA extends relaxed lending and appraisal standards to the end of April. A record-breaking 36% of homes sold above list price in February, due to historic homebuyer competition. Housing is expected to remain resilient despite low inventory, with accelerated U.S. economic growth predicted this…
On Wednesday, March 24, 2021, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “Fannie Mae Q1 2021 Appraisal Update.” In this special interactive webinar, Fannie Mae’s Collateral Policy Team will share policy updates impacting appraisers, dispel some common myths pertaining to…
On Wednesday, December 9, 2020, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “Fannie Mae Q4 2020 Appraisal Update.” In this special interactive webinar, knowledgeable presenters from Fannie Mae’s Collateral Policy Team will share the latest policy updates impacting appraisers, share…
On Wednesday, September 23, 2020, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “Fannie Mae Q3 2020 Appraisal Update.” In this special interactive webinar, knowledgeable presenters from Fannie Mae’s Collateral Policy Team will share the latest policy updates impacting appraisers, share…
As part of their appraisal modernization efforts, Fannie Mae and Freddie Mac (the GSEs) have issued test forms for Hybrid and Desktop appraisal assignments. The forms will be made available to the major appraisal report software providers. The GSEs have also aligned on guidance…
Appraisers are notoriously busy, which is why we’ve scoured the internet for the latest appraisal-related news and information to help our followers stay up-to-date. Here are some of the highlights in appraisal news from the past two weeks. Fannie Mae Extends Deadline Date on…
On Wednesday, June 24, 2020, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “Fannie Mae Q2 2020 Appraisal Update.” In this special interactive webinar, knowledgeable presenters from Fannie Mae’s Collateral Policy Team will share the latest policy updates impacting appraisers, share…
On May 5, 2020, Fannie Mae announced that the temporary appraisal flexibilities that were outlined in Lender Letter 2020-04 (LL-2020-04) have been extended until June 30, 2020. The revised Lender Letter can be found here. Freddie Mac made a similar announcement, also extending their…
In 2018, Fannie Mae launched its MH Advantage® program to help ease the nation’s affordable housing shortage by providing financing on modern, high-quality manufactured homes. This loan program combines features, like a low down payment, with the lower price and customizable finishes of modern…
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