FHA Appraisal Changes Delayed « FHA Home Loan Blog

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FHA APPRAISAL CHANGES DELAYED

JANUARY, 2010

It's official- FHA's proposed changes to how appraisals are ordered and regulation changes have been postponed to February 15th.

The move comes at a time when conventional appraisal guidelines under the Home Valuation Code of Conduct legislation have come under fire and may be repealed.

The measure would prevent appraiser from being hired or paid directly by mortgage brokers, in an attempt to circumvent appraisal fraud.

Download here the full mortgagee letter from HUD.

For more detail on the plan, click here.

Posted by RJ Baxter

January 10, 2010 9:53

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