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Home » Store » News » Procedural Changes Made to FHA Appraisals, Refis

Procedural Changes Made to FHA Appraisals, Refis

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FHA mortgage originators will now have to follow appraisal rules similar to Fannie Mae and Freddie Mac’s Home Valuation Code of Conduct thanks to a swath of changes implemented by various mortgagee letters this week. All the changes take effect for case numbers assigned on or after Jan 1.Historically, the FHA prohibited lenders from accepting appraisal reports completed by an appraiser selected in any manner...
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