https://youtube.com/shorts/HxAtSiGuV1M?si=7JUDVo9OYbKmVYiC

In other words lets cut the red tape that saves the lender money and allows them to escape accountability. Not to mention the over 2,000 record pending FOIA request that will prove that they were not “requiring” them in the first place.

June 23, 2026

FHA Slashes More Red Tape to Promote Homeownership Affordability

Today, the Federal Housing Administration (FHA) published its next sweeping set of policy updates for its Single Family mortgage insurance program executed through a series of Mortgagee Letters (ML). These 14 individual updates, launched as part of HUD’s recognition of National Homeownership Month, are designed to reduce costs, mitigate risk, and make mortgage credit more accessible for prospective American homebuyers with FHA-insured mortgages in accordance with President Trump’s Executive Order Promoting Access to Mortgage Credit.

These updates bring the total to more than 150 streamlining measures taken in the FHA Single Family program since the start of the Trump administration.

Today, FHA issued the following MLs:

Updates to FHA Quality Control Requirements for Appraisal Field Reviews. Through this ML, FHA is making field reviews an optional component of the appraisal quality control (QC) process. FHA previously required mortgagees to obtain appraisal field reviews on at least 10 percent of their origination and underwriting QC samples. By making field reviews optional, FHA is maintaining its core appraisal compliance framework while giving mortgagees greater flexibility to tailor review methods based on case-specific risk.

Appraisal field reviews represent one of the most expensive quality control components of the lender appraisal review process, with an average cost of $425 per field review. FHA estimates that eliminating this requirement will save industry partners approximately $3.3 million annually, meaningfully improving the cost structure for FHA lending.

With 3% down and now OPTIONAL (as in never just like optional AMC fee disclosure) FHA field reviews instead of the now required 10%, what could possibly go wrong.

I also love how FHA quotes inflated field review fees of $425 when we all know AMC’s steal 50 to $75% of that.

Today, FHA issued the following MLs:

Updates to FHA Quality Control Requirements for Appraisal Field Reviews. Through this ML, FHA is making field reviews an optional component of the appraisal quality control (QC) process. FHA previously required mortgagees to obtain appraisal field reviews on at least 10 percent of their origination and underwriting QC samples. By making field reviews optional, FHA is maintaining its core appraisal compliance framework while giving mortgagees greater flexibility to tailor review methods based on case-specific risk.

Appraisal field reviews represent one of the most expensive quality control components of the lender appraisal review process, with an average cost of $425 per field review. FHA estimates that eliminating this requirement will save industry partners approximately $3.3 million annually, meaningfully improving the cost structure for FHA lending.

Seek the truth.

Charles has jokes!

Missing the IVPI Proposal yet?
https://www.workingre.com/wp-content/uploads/2013/08/IVPI-Proposalfinal.pdf

You are way off base with zero evidentiary support. No court cases to rely on, nothing but propaganda. It appears you have arrived with your own bias and no support. Do you have any? If so, can you provide it here for public scrutiny?

Quite similar exploitation of workers by trade groups and associated ‘managers.’ Along with quite similar mis management from the very top of industry managers. Except instead of appraisal, in associated industry of property preservation and field management services (reo). If you ever wondered why the reo clean up job was so dang inadequate. At the heart of it all; Appraisal management companies whom also service these industries.

I’d like to say only in real estate but that’s sadly not true.

The ‘franchise model’. Where independence dies and exploitation goes next level.

A similar model is now being levied by the same companies, using PDC services.

I’m right there with you. I haven’t done an appraisal in one year this month. I put pencil to it a few months ago. Figured at my typical fees with AMC’s which are about the same (in absolute dollars) I was making 25-30 years ago, I was doing appraisals for about $150-$175 in year 2000 dollars. And, with all the expanded costs in all aspects and the added liability with a whiny, litigious public, there is simply no point in continuing. I had a few banks that ordered appraisals from me for awhile and paid decent/good fees, but they all went with AMC’s and the fees went down. Losing battle.

Huh?

Baloney.

Do you ever feel like the appraisal trade groups are not fairly representing the working appraisers?

You can standardize forms. You can’t standardize judgment.

That’s a big theme in Mein Comp: The Last Appraiser. The profession isn’t being replaced by technology. It’s being buried under it.

Postscript 5/29/2026
FHA has opened a public comment period on modernizing its Minimum Property Requirements. This case fits directly into the issues they are asking for feedback on, including whether current MPRs protect borrowers and how the appraiser’s scope of work should be updated. Comments can be submitted through the Federal Register (Docket No. FR‑6609‑N‑01) until June 29, 2026.

Postscript 5/29/2026
FHA has opened a public comment period on modernizing its Minimum Property Requirements. This case fits directly into the issues they are asking for feedback on, including whether current MPRs protect borrowers and how the appraiser’s scope of work should be updated. Comments can be submitted through the Federal Register (Docket No. FR‑6609‑N‑01) until June 29, 2026.

Postscript 5/29/2026
FHA has opened a public comment period on modernizing its Minimum Property Requirements. This case fits directly into the issues they are asking for feedback on, including whether current MPRs protect borrowers and how the appraiser’s scope of work should be updated. Comments can be submitted through the Federal Register (Docket No. FR‑6609‑N‑01) until June 29, 2026.

Postscript 5/29/2026
FHA has opened a public comment period on modernizing its Minimum Property Requirements. This case fits directly into the issues they are asking for feedback on, including whether current MPRs protect borrowers and how the appraiser’s scope of work should be updated. Comments can be submitted through the Federal Register (Docket No. FR‑6609‑N‑01) until June 29, 2026.

Postscript 5/29/2026
FHA has opened a public comment period on modernizing its Minimum Property Requirements. This case fits directly into the issues they are asking for feedback on, including whether current MPRs protect borrowers and how the appraiser’s scope of work should be updated. Comments can be submitted through the Federal Register (Docket No. FR‑6609‑N‑01) until June 29, 2026.