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Appraisal Requirements

Freddie Mac- Multiple Selling Guide Updates – Bulletin 2019-9 – Dated May 1, 2019 [NEW Worksheet – Freddie Mac Verification of Funds for Income After Note Date]

Written By: Lloyd Rutherford, Staff Writer This month’s Freddie Mac Bulletin contains some little changes that could have a big impact on your business, so read through this article to stay up to date. Rule Synopsis: Freddie Mac is updating their selling guide for a variety of topics. This article will focus on the topics [...]

2019-05-10T07:08:15-05:00May 10th, 2019|

Fannie Mae-FAQ’s for Delivering Manufactured Housing Loans to Fannie Mae – Dated July 24, 2018, and MH Advantage Appraisal Requirements – Dated June 5, 2018-MC Manufactured Homes-All Agency Guidelines Chart-MTP™-Manufactured Homes Back in Fashion

Written By: Lloyd Rutherford, Staff Writer If your production is not where you want it this year, it is time to take a look at some markets that can make your production sing!  Manufactured homes are it, and Fannie is really hitting it out of the ballpark with their support materials.  Read this and get [...]

2018-08-09T19:02:27-05:00August 9th, 2018|

Fannie Mae – Utility Accessibility – Appraisals: Will Fannie Mae lend on a property where the utilities were not turned on at the time of the appraisal inspection?

Answer: Yes. Fannie Mae does not require that the utilities that serve the property be turned on at the time of the inspection. See Question #23 in the attached reference. Supporting Resource: Fannie Mae – FAQs – Appraisal Property Report Social Media Post: Fannie Mae does not require that the utilities serving the property be [...]

2018-05-29T17:02:52-05:00April 24th, 2018|