FHA Archive

FHA Single Family Draft Handbook Appraiser Requirements

The Federal Housing Administration posted four draft appraiser-specific policy documents that will be part of the Single Family Housing Policy Handbook. FHA specifically encourages FHA Roster appraisers, and mortgagee staffs that underwrite appraisals, to submit feedback through September 2....

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

Start 2012 with FHA Training

Happy New Year everybody! The Federal Housing Administration (FHA) is offering appraisal training later this month and early next month. The January training is a Webinar so you can participate from anywhere. The February training is in Denver, CO...
January 4, 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

More FHA Training Coming at You

September 07-08, 2011 – Charlotte, NC. FHA Appraiser and Lender Training. The credit training includes an overview of 203k, 203k Streamline and Energy Efficient Mortgages. In addition we will review recent Mortgagee Letters and discuss general underwriting do’s and...
September 6, 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

FHA to Codify Certified Appraiser Requirement

The US Department of Housing and Urban Development (HUD) unveiled a proposed rule in the Federal Register to ensure the agency’s rules conform with the Housing and Economic Recovery Act (HERA) of 2008. The proposed rule requires that appraisers...

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

HUD Eliminates Master Appraisal Report

The US Department of Housing and Urban Development (HUD) released ML 2011-07: Elimination of the Master Appraisal Report (MAR) effective January 12, 2011, for mortgages insured by the Federal Housing Administration (FHA). Previously, MARs allowed developers to obtain an...
January 21, 2011

FHA Unveils New FAQs

The Federal Housing Administration (FHA) last week unveiled a new list of frequently asked questions (FAQ ).  The 26 page document covers a variety of topics on several FHA programs.  Topics include: New Construction Wood Destroying Insects/Termites Utilities –...
October 18, 2010