With solar panels becoming more popular, Fannie Mae decided to publish a short video on YouTube, which talks about the differences between appraising properties with leased or owned solar panels.
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With solar panels becoming more popular, Fannie Mae decided to publish a short video on YouTube, which talks about the differences between appraising properties with leased or owned solar panels.
Read MoreTopics: Fannie Mae, Lenders, Appraisers, AMCs, Compliance, residential mortgage industry, Appraisal Process Management
In it’s most recent “Appraiser Update” newsletter, Fannie Mae continued its discussion of the GSEs’ ongoing appraisal modernization efforts, which includes impending updates to the Uniform Appraisal Dataset (UAD) and redesigned appraisal forms.
Read MoreTopics: Freddie MAC, GSE, Fannie Mae, Lenders, collateral management, AMCs, Mortgage Companies, Compliance, UAD, appraisal forms, Credit Union
The FHFA has released its 2018 Report to Congress, which includes commentary from Director Mark Calabria that encourages Congress to act on housing reform, requests chartering authority similar to the OCC, and discusses the GSEs’ conservatorship – advising that it should end.
Read MoreTopics: Freddie MAC, GSE, Fannie Mae, Lenders, Mortgage Companies, Compliance, residential mortgage industry, Regulations, Credit Union
Fannie Mae and Freddie Mac recently completed a survey with appraisal-industry stakeholders regarding their impending updates to the Uniform Appraisal Dataset (UAD) and redesigned appraisal forms as part of the Uniform Mortgage Data Program® (UMDP®).
Read MoreTopics: Freddie MAC, GSE, Fannie Mae, Lenders, appraisal technology, Appraisers, AMCs, Mortgage Companies, Compliance, UAD, Uniform Appraisal Dataset, appraisal forms, UMDP
In its latest “Appraiser Update” newsletter, Fannie Mae discussed its ongoing modernization efforts and how it has begun testing new processes and technologies in the collateral risk management space.
Read MoreTopics: GSE, Fannie Mae, Lenders, Appraisers, AMCs, Mortgage Companies, residential mortgage industry, Newsletters, Credit Union
Fannie Mae recently announced that it will now allow lenders to execute appraisal waiver offers on loans in process at the time of a disaster when certain requirements are met.
Read MoreTopics: GSE, Fannie Mae, Lenders, Mortgage Companies, Compliance, Appraisal Process Management, Credit Union
The FHFA, Fannie Mae, and Freddie Mac (in collaboration with industry, consumer, and government partners) recently announced that they have launched a centralized clearinghouse known as Mortgage Translations, which consists of an easy-to-use collection of translated documents and tools that will assist lenders and other industry participants in helping borrowers with limited English proficiency (LEP).
Read MoreTopics: Freddie MAC, GSE, Fannie Mae, servicers, Lenders, Mortgage Companies, residential mortgage industry, Credit Union
Fannie Mae recently announced that it will soon be introducing a new rural high-needs appraisal waiver within Desktop Underwriter® (DU®). The GSE also announced that it has renamed both its property inspection waiver (PIW) and property fieldwork waiver (PFW) to “appraisal waiver.”
Read MoreTopics: GSE, Fannie Mae, Lenders, Mortgage Companies, Credit Union
Fannie Mae recently announced that effective immediately, it will no longer require Form 1004MC (known as the Market Conditions Addendum) as part of appraisal reports. The GSE’s Selling Guide has been updated to reflect this change.
Read MoreTopics: GSE, Fannie Mae, Lenders, collateral management, Appraisers, AMCs, Mortgage Companies, Compliance, appraisal forms, Appraisal Process Management, Credit Union
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