Appraisal Compliance

FNMA releases LL on property and appraisal requirements for small towns and rural areas

By | Appraisal Compliance | No Comments

Lender Letter LL-2014-02 March 25, 2014 To: All Fannie Mae Single-Family Sellers Property and Appraisal Requirements for Properties Located in Small Towns and Rural Areas This Lender Letter is being issued in response to a Federal Housing Finance Agency directive to Fannie Mae to provide a number of clarifications regarding property and appraisal requirements for properties in small towns and rural areas.

Read More

Understanding Appraisals

By | AMC Communication, Appraisal Compliance, Appraisals, Appraisers, Borrowers, Customer Service, Dodd-Frank, Fees, Mortgages, Nationwide Coverage, Valuation | No Comments

Effective January 2014, rules adopted by the Consumer Financial Protection Bureau (CFPB) allow borrowers to receive copies of all valuation products ordered with their loan (even if the lender did not rely on them three days prior to closing.) Various valuation products (appraisals, AVMs, BPOs) may produce different values and cause confusion for borrowers. 

Read More
ERROR: 5 - Didn't receive 200 OK from remote server. (HTTP/1.1 400 Bad Request)