|Form 1004||Uniform Residential Appraisal Report|
|Form 1004C||Manufactured Home Appraisal Report|
|Form 1004D||Appraisal Update and/or Completion Report|
|Form 1004MC||Market Conditions Addendum to the Appraisal Report|
|Form 1007||Single-Family Comparable Rent Schedule|
|Form 1025||Small Residential Income Property Appraisal Report|
|Form 1073||Individual Condominium Unit Appraisal Report|
|Form 2000||One-Unit Residential Appraisal Field Review Report|
|Form 2000A||Two- to Four-Unit Residential Appraisal Field Review Report|
|Form 2090||Individual Cooperative Interest Appraisal Report|
This Lender Letter provides clarifications and additional information on Fannie Mae’s valuation-related tools and appraisal policies, including Collateral Underwriter, Appraiser Quality Monitoring, and updates to the Property Eligibility and Appraisal Requirements section of the Selling Guide.
Fannie Mae has eliminated the 15% net and 25% gross adjustment guidelines and provided clarification with respect to expectations for the appraiser to analyze the market for competitive properties and provide appropriate market-based adjustments without regard to limits on the size of the adjustments.
Access the Selling Guide via the link below or AllRegs.com. See Chapter B4-1 for Appraisal Requirements.
The Uniform Appraisal Dataset (UAD) was jointly established by Fannie Mae and Freddie Mac to provide common requirements for appraisal data.