Tuesday , 26 January 2021

order of preference

Fannie Mae, FHA Issue Additional COVID-19 Appraisal Guidance

As the COVID-19 situation continues to unfold, users of appraisal services are continuing to issue updated guidance and information to appraisers.   Fannie Mae issued an update to Lender Letter 2020-05 on March 31, 2020. For appraisers, probably the most significant revision to their guidance was the removal of the “order of preference” for appraisal types. Formerly, the guidance had stated …

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