Tag: appraisals

FHFA Extends Loan Processing Flexibilities Through Aug. 31

Filed in Disaster Response, Housing Finance by on July 9, 2020 0 Comments
FHFA Extends Loan Processing Flexibilities Through Aug. 31

The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will extend several loan origination flexibilities until Aug. 31, 2020, to ensure continued support for borrowers during the COVID-19 national emergency. The flexibilities were set to expire on July 31.

Continue Reading »

FHA Extends Appraisal Program Through Aug. 31

Filed in Housing Finance by on June 30, 2020 0 Comments
FHA Extends Appraisal Program Through Aug. 31

The Federal Housing Administration (FHA) has announced it will allow exterior-only and desktop appraisals on FHA single-family programs affected by COVID-19 to be extended through Aug. 31.

Continue Reading »

Fannie Mae Provides Further Temporary Guidance on Appraisals

Filed in Housing Finance by on April 14, 2020 0 Comments
Fannie Mae Provides Further Temporary Guidance on Appraisals

In the wake of the COVID-19 pandemic, Fannie Mae has announced additional temporary guidance, including use of virtual inspections for appraisals and renovation loans, and flexibilities for condominium project reviews.

Continue Reading »

Fannie, Freddie to Allow Desktop Appraisals on New Construction Loans

Filed in Disaster Response, Housing Finance by on March 31, 2020 0 Comments
Fannie, Freddie to Allow Desktop Appraisals on New Construction Loans

The Federal Housing Finance Agency announced several loan processing flexibilities for Fannie Mae and Freddie Mac, including allowing desktop appraisals on new construction loans.

Continue Reading »

FHA Announces Policy Updates Related to COVID-19

Filed in Housing Finance by on March 30, 2020 0 Comments
FHA Announces Policy Updates Related to COVID-19

The Federal Housing Administration has announced new guidance for property appraisals and other policy updates due to the COVID-19 national emergency declared by the president.

Continue Reading »

New Rule Exempts Appraisals on Certain Homes Sold for $400,000 or Less

Filed in Housing Finance by on September 27, 2019 0 Comments
New Rule Exempts Appraisals on Certain Homes Sold for $400,000 or Less

Federal regulators issued a final rule to raise the threshold from $250,000 to $400,000 for residential real estate transactions that would require an appraisal.

Continue Reading »

House Passes NAHB-Supported Appraiser Bill

Filed in Advocacy by on September 11, 2019 0 Comments
House Passes NAHB-Supported Appraiser Bill

The House yesterday passed NAHB-supported legislation that would allow state licensed appraisers to perform Federal Housing Administration (FHA) appraisals.

Continue Reading »

Regulators Propose Expanding Appraisal Exemption on Home Sales

Filed in Housing Finance by on November 26, 2018 3 Comments
Regulators Propose Expanding Appraisal Exemption on Home Sales

The Federal Deposit Insurance Corp., Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve have issued a proposed rule to raise the threshold from $250,000 to $400,000 on required appraisals for residential real estate transactions.

Continue Reading »

Appraisal Proposal Would Increase Threshold for Non-Residential Properties

Filed in Codes and Standards, Housing Finance by on September 21, 2018 0 Comments
Appraisal Proposal Would Increase Threshold for Non-Residential Properties

The National Credit Union Administration is accepting comments on a proposed rule to amend the agency’s regulation requiring real estate appraisals for certain transactions.

Continue Reading »

Federal Regulators Approve Doubling Appraisal Threshold for CRE Transactions

Filed in Housing Finance by on April 4, 2018 0 Comments
Federal Regulators Approve Doubling Appraisal Threshold for CRE Transactions

The threshold for commercial real estate transactions that require an appraisal was increased from $250,000 to $500,000.

Continue Reading »