Tagged: Freddie Mac

Banks, Servicers and Lenders Should Be Barred from Having Ownership Interest in an AMC 1

Banks, Servicers and Lenders Should Be Barred from Having Ownership Interest in an AMC

Ownership Interest in an AMC At the NAR midyear Legislative Meeting in DC, the question of the appraisal epidemic and the problems associated with AMCs and HVCC were discussed. David Stevens, the current President of the Mortgage Bankers Association and the immediate past commissioner of FHA, brought up the appraisers’ geographical incompetence, a violation of the Standard. The question is, ask Frank Garay & Brian Stevens, hosts of the TBWS Daily Show, why is he bringing this up now, when he is the President of MBA and cannot do anything about it. And why didn’t he voice his concerns while...

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UAD Quick Reference Guide

Dave Towne developed this UAD Quick Reference Guide (QRG). The UAD is the most significant change to report preparation since national forms were adopted in the early 1960’s. His reference guide condenses the current 37 page UAD Appendix D manual into 5 basic ½ sheet pages, plus a conversion chart for the site size (since many counties report small sizes as a digital portion of an acre). It is organized so that appraisers can reference page 1 & 2, depending on which page in the report is being worked on. Definitions and other details are also included, taken from the...

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Uniform Appraisal Dataset Tutorial

Freddie Mac’s Uniform Appraisal Dataset tutorial introduces appraisers to the requirements and instructions for appraisal reports in accordance with the new Uniform Appraisal Dataset, or UAD. The UAD is part of a larger effort by Freddie Mac and Fannie Mae to implement uniform appraisal and other loan delivery standards, which is being undertaken at the direction of their regulator, the Federal Housing Finance Agency. This webinar shows how to enter appraisal data in the prescribed format, how to report the condition, quality and improvements of a property, and what Fannie Mae and Freddie Mac expect appraisers

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