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...
The Department of Veterans Affairs (VA) has updated the appraisal process regarding Minimum Property Requirements (MPRs), the standards that determine if a property is eligible for a VA-guaranteed home loan. According to the department, the updates address issues that...
The growing revolt against onerous property taxes has spread north to Alaska, with Anchorage Mayor Suzanne LaFrance ordering a review of property tax assessments following a wave of complaints from homeowners about “unusually” high value increases. The Anchorage Daily...
Aivre, the Troy, Michigan-based real estate appraisal software company, announced it has completed the industry’s first Uniform Appraisal Dataset (UAD) 3.6 verification process with Fannie Mae and Freddie Mac for compliance with the new data standards. “This is a...
Inflation Expectations Hit Three-Year High as Rent Outlook Climbs to 6.8%
