A new appraisal-data requirement is now in force for lenders selling loans to Fannie Mae and Freddie Mac. Beginning Monday, November 2, newly submitted appraisal reports must use Uniform Appraisal Dataset 3.6 unless a lender has obtained a temporary exception from the...
The Federal Housing Administration has opened its modernized UAD 3.6 appraisal process to approved lenders, moving the agency beyond the controlled beta that had limited use of the new format. FHA-approved lenders participating in Title II forward mortgage and Home...