Freddie Mac Article Collection

Fannie and Freddie Release New Hybrid and Desktop Forms for Testing

As part of their appraisal modernization efforts, Fannie Mae and Freddie Mac (the GSEs) have issued test forms for Hybrid and Desktop appraisal assignments. The forms will be made available to the major appraisal report software providers. The GSEs have also aligned on guidance regarding the use of these test forms, including formal definitions for “Hybrid” and “Desktop” assignments. These …

Read More »

Fannie Extends Deadline on Flexibilities, Freddie Releases Quarterly Forecast, and More Appraisal News

Appraisers are notoriously busy, which is why we’ve scoured the internet for the latest appraisal-related news and information to help our followers stay up-to-date. Here are some of the highlights in appraisal news from the past two weeks. Fannie Mae Extends Deadline Date on Flexibilities On June 11, 2020, Fannie Mae announced that the temporary appraisal flexibilities that were outlined …

Read More »

GSEs Extend COVID-19 Temporary Flexibilities

On May 5, 2020, Fannie Mae announced that the temporary appraisal flexibilities that were outlined in Lender Letter 2020-04 (LL-2020-04) have been extended until June 30, 2020. The revised Lender Letter can be found here. Freddie Mac made a similar announcement, also extending their flexibilities until June 30. Fannie Mae reminds appraisers about their Appraisers page which can be found …

Read More »

Understanding UAD Quality Ratings

Ever since Fannie Mae and Freddie Mac (the GSEs) created the Uniform Appraisal Dataset (UAD) several years ago, real estate appraisers must rate building quality on a standardized scale from Q1 (best) to Q6 (worst). If you are performing appraisals for the intended use of secondary market mortgage lending, it’s essential to have a clear understanding of the UAD quality …

Read More »

Fannie Mae on Impact of COVID-19

In response to the COVID-19 crisis, Fannie Mae has posted Lender Letter 2020-04 (LL-2020-04), which permits temporary revisions to GSE appraisal requirements in this time of national emergency. This Lender Letter can be found here. Fannie Mae and Freddie Mac have been working together on these temporary flexibilities to enable mortgage lending to continue while appraisers and others take necessary …

Read More »