Freddie Mac, Fannie Mae, and HUD issue policy & procedure requirements for appraisal reinstatement of values (ROVs)

By Anna DeSimone | May 1, 2024 |

Freddie Mac, in collaboration with Fannie Mae and HUD, is implementing requirements related to reconsideration of value (ROV) that promote consistency when a perceived appraisal issue and/or appraisal deficiency exists. These requirements also recognize the importance of the Borrower having the knowledge and opportunity to request an ROV. Requirements were announced on May 1, 2024,…

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