Development Lending Mortgage Appraisal 
Housing Wire
DECEMBER 11, 2020
Mortgage giant Fannie Mae extended its relaxed lending and appraisal standards put in place due to COVID-19 into the new year. The flexibilities surrounding verbal verification of employment and appraisals were originally set to expire on Dec. 31, 2020, however Fannie Mae is now pushing that back to at least Jan.
Housing Wire
MAY 24, 2022
A Fannie Mae survey published in mid-May found that mortgage lenders see value in appraisal modernization, specifically in the implementation of non-traditional appraisals and inspection-based appraisal waivers. Lenders also mentioned concerns and roadblocks with adopting new appraisal modernization tools.
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Appraisal Buzz
APRIL 15, 2024
By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. Really, appraisers have always thought this way.
Housing Wire
SEPTEMBER 21, 2021
Growing and investing in relationships and communities in the long term is one of the many opportunities presented by stricter fair lending regulations. For cases with a previous appraisal submission to the legacy EAD, the FHA is allowing for appraisal resubmission to be delivered through the legacy EAD portal until April 15, 2022.
Housing Wire
MARCH 31, 2021
The CFPB also rolled back leniency on reporting of certain information related to credit card and prepaid accounts under the Truth in Lending Act, Regulation Z, and Regulation E. The CFPB also now intends to take enforcement action against land developers subject to the Interstate Land Sales Full Disclosure Act under Regulation J.
Housing Wire
MAY 23, 2022
Both Fannie Mae and Freddie Mac now allow appraisals to be conducted remotely, using public records such as listings and tax appraisals, for purchase loans. Meanwhile, the Department of Housing and Urban Development (HUD)recently extended its timeline for allowing desktop appraisals for certain transactions impacted by the pandemic.
Housing Wire
NOVEMBER 8, 2021
After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. VA loans are secured by the VA, and statutorily must be appraised by the VA and not just any appraiser.
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