FHA Archive

TAVMA Asks for Delay in Fee Provision of Frank-Dodd

On August 25, 2010, The Title/Appraisal Vendor Management Association (TAVMA) sent a letter to the Federal Reserve Board (FRB) requesting that implementation of the customary and reasonable fee provision in Title XIV of the Frank-Dodd act be delayed.  The...
September 7, 2010

FHA Appraiser Training in City of Angels

On occasion, we like to keep you aware of Federal Housing Administration (FHA) appraisal trainings happening across the country. On September 16, 2010, in Los Angeles, CA, FHA is offering “Completing Today’s FHA Appraisal”.  FHA will conduct a 1-day...
August 12, 2010

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...

FHA Appraisal Update

HUD has updated the FAQs on appraiser independence stating that the appraisal report cannot be in the name of a broker and allowing the broker to order the appraisal from a AMC (but not multiple AMCs) and allowing a...

FHA Offers Education Session for Appraisers

The Federal Housing Administration (FHA) announced that on April 21, 2010, in Atlanta, GA they will hold an education session for appraisers. This is a full day, live course that offers instructions on most recent changes and updates to...

FHA Delays Implementation of Appraisal Rules

On December 23, 2009, the Federal Housing Administration (FHA) announced the enactment of two appraisal Mortgagee Letters (ML) will be delayed until February 15, 2010. ML 2009-28, Appraiser Independence, prohibits mortgage brokers and commission-based lending staff from ordering the...
December 23, 2009

FHA Removes Second Appraisal Requirement

On Saturday, November 14, 2009, FHA Commissioner Dave Stevens spoke before a group of Realtors at the NAR annual convention in San Diego, CA. During the speech, the Commissioner noted that FHA, based on input from NAR, would soon...
November 19, 2009

FHA Announcements on Performance Standards and Flood Zones

The Federal Housing Administration (FHA) recently released several new Mortgagee Letters, including 2 on focused on appraisals. ML 2009-37: Flood Zone Requirements and Responsibilities of FHA Mortgagees and Appraisers. Appraisers are required to review the applicable FEMA Flood Insurance...
October 22, 2009

FHA Appraisal Rules: Benefits of HVCC Without the Unintended Consequences?

National Mortgage News reports that the new Federal Housing Administration (FHA) appraisal rules may make HVCC – and appraisal management companies (AMC) – easier to cope with in the industry. While noting that the intent of HVCC was to...

Reminder: Eligibility Requirements for FHA Roster Appraisers

The Federal Housing Administration (FHA) reminds appraisers and lenders that as of October 1, 2009, appraisers on the FHA Appraisal Roster must be state certified. FHA made the announcement in ML 2009-36. Appraisers on the roster without state certification...
September 25, 2009