Residential Real Estate Archive

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

VA Will Not Require UAD Compliance

For those keeping score at home, the US Department of Veterans Affairs (VA) announced that it will not require Uniform Appraisal Dataset (UAD) compliance for appraisal reports on VA backed loans. VA will accept appraisal reports that are in...
September 12, 2011

FHA Appraisal Training Opportunities Announced

From time to time, the Federal Housing Administration (FHA) offers appraisal training in various cities across the country.  FHA recently announced two such trainings next month in Denver, CO and Birmingham, AL.  The courses are free so if you’re...

Existing Homes Sales Rise for April

The National Association of REALTORS today reports that existing homes sales increased in April, particularly for lower cost homes. According to NAR, 4.68 million single-family, townhomes, condominiums, and cooperatives sold in April. This represents a 2.9 percent increase (seasonally...

New Housing Law will require new FHA Appraisal

From Appraiser News Online: Participants in the new HOPE for Homeowners program, legislation that will provide mortgage assistance to homeowners at risk of foreclosure, will be required to obtain a new Federal Housing Administration appraisal on their property. The...
October 13, 2008