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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
JULY 2, 2024
The NSMO provides a unique view of mortgage borrowers, helping illustrate underlying trends that can identify emerging issues in mortgage lending,” Saty Patrabansh, FHFA’s associate director for the office of data and statistics, said in a statement. The newest release adds data through 2021 into the available dataset.
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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. The appraiser will be led through a process, defined by the scope of work.
Housing Wire
SEPTEMBER 21, 2021
The FHA Catalyst: Electronic Appraisal Delivery module will allow for the administration to expand their data collection and analysis capabilities. Meanwhile, lenders can electronically submit, track and manage single-family property appraisals, the FHA said. How increased regulation presents a huge opportunity for lenders.
Appraisal Hub
MARCH 19, 2023
Mortgage lenders require assurance that they are issuing a loan commensurate to the value of the property. A property appraisal in Toronto will provide them with an accurate assessment of that home’s value. Where Can I Find An Appraiser In Toronto? Appraisal Hub Inc.
McKissock
DECEMBER 28, 2021
Traut notes that the Federal Housing Finance Agency (FHFA) announced in late October 2021 at the Mortgage Banker Association’s annual conference that banks and mortgage lenders will be able to use desktop appraisals in place of traditional appraisals for qualifying Fannie Mae or Freddie Mac backed mortgages.
Birmingham Appraisal
JUNE 7, 2023
For instance, when a company acquires or sells a residential property, accountants need accurate valuation figures to ensure correct financial reporting. Assessing Property Investments Supporting Accountants in Investment Analysis Real estate investments can have a significant impact on a client’s financial portfolio.
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