Fannie Mae Archive

American Banker reports on Fannie Mae’s Appraisal Quality Monitoring

American Banker reports on Fannie Mae’s process to track appraisers who are engaging in questionable practices. For lenders and appraisal management companies, the list may become a filtering device when making appraisal assignments. Learn more in this article from...
January 30, 2014

Fannie Mae Lender Letter on Appraiser Monitoring

On December 10, 2013, Fannie Mae published a letter to remind lenders of appraiser selection requirements, highlight several data quality issues, and describe new processes to identify and monitor individual appraisers. Lender Letter LL-2013-10...
December 27, 2013

UCDP in Full Effect

Just a reminder for those not paying attention at home. The Uniform Collateral Data Portal (UCDP) is now in effect. Here is the announcement from Freddie Mac: “The March 19 UCDP effective date is here. You must submit an...
March 29, 2012

Administration Plan to Help Homeowners – The Valuation Side

Last week the Obama Administration unveiled its plan to help homeowners refinance to take advantage of historically-low interest rates. We are going to focus on the valuation side of the plan. If you want the rest of the details...
February 6, 2012

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

No Appraisal Required Under New HARP

Today the Federal Housing Finance Agency (FHFA) announced changes to the Home Affordable Refinance Program (HARP) to “attract more eligible borrowers who can benefit from refinancing their home mortgage.” The announcement was made in conjunction with the government sponsored...

UAD Goes Into Effect on September 1st for GSEs

In recent days there have been rumors and reports that the implementation of the Uniform Appraisal Dataset (UAD) announced by the government sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, would be delayed. NAR has confirmed that the UAD...
August 26, 2011

FHA Officially Adopts UAR

This week, the Federal Housing Administration (FHA) released Mortgagee Letter 2011-30: The Uniform Appraisal Dataset (UAD) and Appraisal Reporting Forms. The ML states that FHA will adopt UAD and two of the UAD compliant reporting form for all FHA...
August 25, 2011

NAR Announces UAD Webinar through Realtor University

The National Association of Realtors (NAR) announces a 60-minute webinar through Realtor University on the new Uniform Appraisal Dataset (UAD) on June 9, 2011 at 11:00am EST. The cost will be $19.95. RAA/GAA designees will receive a $10 discount...
April 28, 2011

FHA to Require UAD Compliance

Appraisers are getting up to speed on the Uniform Mortgage Data Program (UMDP), Fannie Mae and Freddie Mac’s joint effort to standardize loan delivery and appraisal data. Specifically, Uniform Appraisal Dataset (UAD), which will standardized appraisal data, including data...
April 21, 2011