NEW!! A MUST READ: FOUND WITHIN THE Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) are provisions that will strengthen appraiser independence and enforcement, regulate the use of broker price opinions (“BPOs”), set standards for pricing of appraisals and appraiser valuation model products (“AVMs”), and subject appraisal management companies (“AMCs”) to potential federal and state oversight. Read the article here.
NEW!! H.R. 4173 Subtitle F Appraisal Activities: Full text of signed legislation [PDF]
NEW!! Fannie updates appraisal requirements - now requires interior photos!
NEW!! Fannie/Freddie announce new appraisal program 6/30/2010 [PDF]
2009 FANNIE MAE SELLING GUIDE: Property and Appraisal Guidelines [PDF]
April 2009 Fannie Mae Guidance for Lenders and Appraisers [PDF]
Fannie Mae Home Value Code of Conduct [PDF]
Fannie Mae Selling Guide Amendments effective May 1, 2009 [PDF]
7-2009 Fannie Mae HVCC Clarification FAQs [PDF]
2010-2011 USPAP Summary of Revisions [PDF]
FHFA (Fannie/Freddie regulator) Releases HVCC Notice [PDF]
New Legislation: Obama Financial Regulatory Reform - a New Foundation
HR 3221: Housing and Economic Recovery Act of 2008
HR 1728-The Mortgage Reform and Predatory Lending Act of 2009.
HR 1728 aims to protect consumers and financial institutions by stopping abusive lending practices. [PDF]
Business Week article about Appraisal Management Companies
FIRREA – Title XI Real Estate Appraisal Reform Amendments [12 U.S.C. 3331-3351] [PDF]
FDIC Regulation and Examination
FAQs on the Appraisal Regulations & Interagency Statement on Independent Appraisal & Evaluation Functions
Independent Appraisal & Evaluation Functions (10/27/03)
Appraisal Sub-Committee – Federal Financial Institutions Examination Council - Access to National Registry
FDIC Law, Regulations, Related Acts - Part 323 – Appraisals
Interagency Appraisal and Evaluation Guidelines (10/27/94)
Appraisal Foundation
Wisconsin State Appraiser Regulations [PDF]
Illinois State Appraiser Regulations
Indiana State Appraiser Regulations
Iowa State Appraiser Regulations