HUD is preparing to address the appraiser shortage problem for areas with fewer state-certified appraisers. FHA programs now require state-certified appraisers, including the Hope for Homeowners Program (H4H). As we mentioned previously, FHA business is dramatically increasing and should be a boon to appraisers on the FHA roster. According to Inside Regulatory Strategies, some states will implement H4H immediately. States with a serious shortage of certified appraisers will be given time to gradually implement the programs. A Mortgagee Letter is expected soon and could be effective November 1, 2008. Those not certified and on the roster would be wise to do change this quickly, particularly if your state has a shortage of certified appraisers (this means YOU Michigan appraisers).