John Russell - Senior Director of Government Relations & Business Development https://appraisersblogs.com/author/john-russell/ Appraisal News and Tips for Real Estate Appraisers Sat, 11 May 2019 08:32:49 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://i0.wp.com/appraisersblogs.com/wp-content/uploads/2015/04/ABfavicon.png?fit=32%2C32&ssl=1 John Russell - Senior Director of Government Relations & Business Development https://appraisersblogs.com/author/john-russell/ 32 32 52046035 Watering Down FRT Definition https://appraisersblogs.com/weakening-frt-definition-appraisal-waivers https://appraisersblogs.com/weakening-frt-definition-appraisal-waivers#comments Mon, 02 Apr 2018 12:30:40 +0000 http://appraisersblogs.com/?p=17539 Definition of FRT simply does not reflect the majority of the mortgage lending environment… So what exactly is a “federally related transaction”, or FRT for short? Wait, that’s not the right question. Let’s start here: What is NOT an FRT? It’s not a mortgage loan insured by the Federal Housing Administration. It’s not lending underpinned by the Department of Veterans’ Affairs home loan program. It certainly isn’t a loan that’s sold to a Government Sponsored Enterprise (or GSE), like Fannie Mae or Freddie Mac. Just considering a loan for sale to those two entities is enough to fall outside the...

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