Fannie Mae has updated its appraisal policies. Most of the appraisal related issues are effective September 1st. Here’s an overview. [Read more…] about The world according to Fannie Mae: More updates to its appraisal policies
No Independent Valuation Protection Institute for you!
HVCC required Fannie and Freddie to create and fund an entity, the Independent Valuation Protection Institute to combat unacceptable appraisal practices and code violations and could have proposed amendments to HVCC. Over five years, Fannie and Freddie were to provide $24 million in funding. [Read more…] about No Independent Valuation Protection Institute for you!
