Valuation Management Group, as part of our appraisal management services, strives to keep our partners updated on industry related issues. The Federal Housing Finance Agency (FHFA) announced on November 28th, that for only the second time since the housing crisis, the maximum base conforming loan limits will increase again in 2018. The 2017 increase… Read more »
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. August 25, 2017 –… Read more »
Valuation Management Group (VMG) is pleased to share a joint bulletin recently issued by FannieMae and FreddieMac (the GSE’s) introducing their Standardized Condominium Project Questionnaires. The GSE’s require lenders to determine the eligibility of a condominium project when the mortgage loan will be secured by a unit within a condominium project. This involves obtaining a… Read more »
The Federal Housing Administration (FHA) announced last year in Mortgagee Letter 2015-08 the implementation of the new Electronic Appraisal Delivery (EAD) portal. The technology is similar to what is currently in place with Fannie Mae and Freddie Mac’s Uniform Collateral Data Portal (UCDP), including utilizing Veros as the technology provider. The EAD portal is built… Read more »
On February 6, 2014 the Federal Housing Finance Agency (FHFA) issued an interesting synopsis of the Office of Inspector General’s audit. The synopsis covers the FHFA’s oversight of Fannie Mae and Freddie Mac’s (GSE’s) use of the UCDP to analyze appraisal data, prepurchase, to improve loan quality and reduce risk. You can access the synopsis… Read more »