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Home » Store » Inside The GSEs » Freddie to Offer Appraisal Waiver in 2017 as Part of Reps and Warrants

Freddie to Offer Appraisal Waiver in 2017 as Part of Reps and Warrants

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Inside The GSEs

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Soon both GSEs will offer property inspection waivers as part of an effort to reduce lender uncertainty when it comes to buybacks. Freddie Mac is set to introduce its appraisal waiver within the next few months and Fannie Mae has had one since December. Appraisals are often the leading cause of buyback concerns, according to Allen Maulsby, executive vice president at Colonial National Mortgage. He told Inside The GSEs that Fannie and Freddie are moving in the right direction when it comes to addressing buyback relief. “Anything that they can do to give us rep-and-warrant relief is good. I think it probably has alleviated some repurchase anxiety, particularly around appraisals,” he said.
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