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…
Ever since Fannie Mae and Freddie Mac (the GSEs) created the Uniform Appraisal Dataset (UAD) several years ago, real estate appraisers must rate building quality on a standardized scale from Q1 (best) to Q6 (worst). If you are performing appraisals for the intended use…
On March 25, 2020, McKissock Learning hosted a webinar in which appraisers were able to hear directly from a Fannie Mae representative and ask questions regarding the temporary revisions to GSE appraisal requirements as a result of the coronavirus crisis. Watch the live recording…
As the COVID-19 situation continues to unfold, users of appraisal services are continuing to issue updated guidance and information to appraisers. Fannie Mae issued an update to Lender Letter 2020-05 on March 31, 2020. For appraisers, probably the most significant revision to their guidance…
Within the last several days, HUD/FHA and VA have both issued updated guidance for appraisers regarding appraisal scope of work and COVID-19. HUD issued Mortgagee Letter 2020-05 on March 27, 2020. On a temporary basis, appraisers are permitted to perform desktop or exterior-only inspection…
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