Fannie Mae, Freddie Mac, and HUD Issue Statements in Response to Hurricane Harvey

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Fannie Mae, Freddie Mac, and HUD Issue Statements in Response to Hurricane Harvey

Valuation Management Group is an AMC partner to many lenders who originate loans to be sold in the secondary market. VMG would like to share the following information about Fannie Mae, Freddie Mac, and HUD’s response to Hurricane Harvey and to provide you with links to the statements and related information.

VMG is also asking appraisers to add the following certification to their appraisal report if the subject property is located in a federally-declared disaster area:

“Having personally inspected the property located at (subject address) and surrounding neighborhood on (date), I hereby certify that, to the best of my knowledge and belief, the inspection revealed no indications of moderate to significant physical damage to the property or neighborhood as a result of the recent disaster.  No repairs other than those noted in the appraisal report are needed, and there is no adverse effect on the marketability and value of the property.”

VMG stands ready to assist our clients and their borrowers in the wake of this tragedy.

Valuation Management Group is a national, full service appraisal management service company that manages the appraisal process for community banks, mortgage bankers and credit unions. We offer the full array of commercial and residential appraisal products and services. We take the appraisal process from ordinary to extraordinary.

 

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