Fannie Archive

New Appraisal Standards Board Q&As now available

The Appraisal Standards Board (ASB) has issued January Q&As on the following topics: “Verifying” Completion of an Appraisal Assignment Results Fannie Mae Form 1004 Use of Certification with Form 1004D/442 Applicable Edition of USPAP For questions, please contact Emily...
January 15, 2014

Your UMDP & UAD Update

Government sponsored enterprises (GSE), Fannie Mae and Freddie Mac are reminding interested parties that December 1, 2011, is a pretty important date for the Uniform Mortgage Data Program (UMDP). Going foward, Uniform Loan Delivery Dataset (ULDD) data points must...
November 30, 2011

Federal Reserve Board Issues Appraiser Independence Regs

Yesterday, the Federal Reserve Board released an interim final rule on appraiser independence.  The much-anticipated interim final rule is required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Public Law 111-203).  In their release, the Fed states...
October 19, 2010

FHFA, GSEs Unveil Uniform Mortgage Data Program

Yesterday, the Federal Housing Finance Agency (FHFA) announced a new initiative by the government sponsored enterprises (GSE) Fannie Mae and Freddie Mac.  The Uniform Mortgage Data Program is a joint effort to create uniform data standards and collection processes. ...
May 25, 2010

NAR Calls for Implementation of IVPI

On April 6, 2010, the National Association of REALTORS (NAR)® President Vicki Cox Golder sent a letter to Federal Housing Finance Agency (FHFA) Interim Director Edward J. DeMarco asking that the government sponsored enterprises (GSEs), Fannie Mae and Freddie...

HR 3126 Passes House Committee with HVCC Amendment

On October 22, 2009, HR 3126, the “Consumer Financial Protection Act of 2009,” passed the House Financial Services Committee with an amendment that will ultimately sunset the Home Valuation Code of Conduct (HVCC). The amendment was offered by Representative...
October 23, 2009

Fannie Clarifies 1004 MC Addendum

Fannie Mae released Lender Announcement 2009-19, Miscellaneous Underwriting, Eligibility, and Property-Related Updates, which, among other things, clarifies some issues with the 1004 Market Conditions Addendum. Readers may recall that the 1004MC Addendum was released in Announcement 08-30 and went...
June 10, 2009

NAR Calls for Delay of HVCC

On April 20, 2009, NAR sent a letter to Fannie Mae and Freddie Mac requesting that the Home Valuation Code of Conduct (HVCC) be delayed until May 1, 2010. Citing a host of reasons, NAR President Charles McMillan said...

Fannie Mae and Freddie Mac to Require Identifiers on Mortgage Applications

From the FHFA: Washington, DC – James B. Lockhart, Director of the Federal Housing Finance Agency, announced today that, effective with mortgage applications taken on or after Jan. 1, 2010, Freddie Mac and Fannie Mae are required to obtain...
January 26, 2009

Appraisers Not Happy with HVCC

From Ken Harney’s weekly real-estate column: Well, you might ask: Since appraisers in the past have often complained about pressure from loan brokers and realty agents to “hit the number” — that is, turn in valuations high enough to...
January 7, 2009