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The December 2018 edition features tips for appraising rural properties, information about manufactured housing appraisal policy, and more.
Fannie Mae and Freddie Mac have engaged with stakeholders over the past several months to gather input. An executive summary of our preliminary findings is now available.
Fannie Mae no longer requires Form 1004MC as part of appraisal reports. Appraisers remain responsible for analyzing market conditions and accurately reporting them in the Neighborhood section of our appraisal forms. Other investors may still require Form 1004MC.
The UAD is a component of the Uniform Mortgage Data Program® (UMDP®), jointly established by Fannie Mae and Freddie Mac under the direction of the Federal Housing Finance Agency to provide common requirements for appraisal and loan delivery data.