Appraisal Management COVID-19 News

Global DMS is committed to bringing you the latest news as we hear it. 

• • July 9th - Fannie Mae updated Lender Letter LL-2020-04 - extending the application dates eligible for these temporary flexibilities to Aug. 31, 2020, unless otherwise noted
    
•  
  • June 11th - Fannie Mae updated Lender Letter LL-2020-04 - extending the application dates for these temporary policies to Jul. 31, 2020 Additions to Lender Letter on May 28, 2020
    

• May 28th - Fannie Mae updated Lender Letter LL-2020-04 - Requirements for borrowers using self-employment income to qualify: temporarily requiring additional documentation to support the lender’s decision that self-employment income meets our requirements

• • May 19th - Fannie Mae updated Lender Letter LL-2020-04 Temporary eligibility requirements for purchase and refinance transactions: describing our requirements for a borrower to obtain a new mortgage loan to purchase or refinance a property. Additional resources: providing links to COVID-19 resources, such as prior selling and servicing lender letters and FAQs.
    

• HUD Re-verification of Employment and Exterior-Only and Desktop-Only Appraisal Scope of Work Options for FHA Single Family Programs Impacted By COVID-19 

• Department of Veterans Affairs Modified Set of Instructions, Scope of Work, Statement of Assumptions and Limiting Conditions and Certifications for Desktop Appraisals

• Click Here for information on Global DMS's COVID-19 Continuity