The Fannie Mae Selling Guide is a comprehensive guide for lenders who sell loans to Fannie Mae. Although the Guide is targeted toward lenders, it also contains information that applies to appraisers. After all, the appraisal is an important part of the loan documentation.…
At an industry conference on July 29, 2018, a Fannie Mae spokesperson announced that Fannie would be making revisions to its Selling Guide, effective in August 2018. Perhaps the most significant planned revision will be the elimination of the requirement for appraisers to include…
Mid-year commentary predicts notable changes for the appraisal market, partly due to the recent Dodd-Frank rollback bill. Democratic Senators threaten to freeze Trump’s nominee for the new director of the CFPB. The “Appraisers” page on Fannie Mae’s website seeks to help appraisers by giving…
Fannie Mae alerts the industry to mortgage fraud schemes involving the falsification of borrower employment. U.S. home prices continue to increase in all 50 states. The VA’s Deputy Director of Loan Guaranty Services is working hard to improve the homebuying process for veterans. Plus,…
As a result of the last U.S. economic crisis, a lot of people now know a lot more about the secondary mortgage market. Before the crisis, the secondary mortgage market was a mystery to most Americans, and it was only really important to mortgage…
Fannie Mae and Freddie Mac have issued a joint press release formally announcing what many industry insiders already suspected—the GSEs are planning revisions to the Uniform Appraisal Dataset (UAD) and their appraisal reporting forms, including the Uniform Residential Appraisal Report (URAR). The GSEs have…
There’s often confusion around what is an appraisal and what isn’t. Let’s all agree right from the start: a standardized form like the Fannie Mae 1004/Freddie Mac Form 70 used by the mortgage industry is not an appraisal. The appraisal is the process that…
Most real estate agents know that it’s been tough for Millennials to get into their first homes, and it appears one of the main reasons is because of massive student debt. Hurricane Harvey has hit homeowners hard, but those in the luxury market are…
This week’s gathering of all things appraisal includes a look at modern homes in real estate and what needs to be taken into consideration when valuing them. Fannie Mae’s top appraiser provides his thoughts on the future of appraisal. Appraisers and real estate agents…
For your reading pleasure this week, we’ve gathered appraisal news from around the web. Now that Fannie Mae and Freddie Mac are on board, are AVMs finally set to replace traditional appraisals? The May 1 anniversary of HVCC has passed; how are appraisers in…
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