The Federal Housing Administration is now testing the mortgage industry’s redesigned appraisal-data standard in its production environment, putting FHA lenders into the next phase of a transition that is already much further along at Fannie Mae and Freddie Mac. FHA’s...
Fannie Mae is giving lenders that cannot meet the Nov. 2 deadline for the mortgage industry’s new appraisal-data standard a temporary path to keep submitting legacy UAD 2.6 appraisals into 2027 — but the accommodation comes with increasingly significant...
Six Democratic senators have introduced legislation designed to address the potential for systemic bias in the home appraisal process. The Appraisal Modernization Act would require the Federal Housing Finance Agency to publish an online database of property-level...
The Federal Housing Administration (FHA) has published updated appraisal requirements for the valuation of manufactured homes certified under Fannie Mae’s MH Advantage and Freddie Mac’s ChoiceHome programs. According to the FHA, the updates align appraisal...
475-Plus Organizations Warn CRA Proposal Could Weaken Affordable-Housing In…
