In response to the COVID-19 crisis, Fannie Mae has posted Lender Letter 2020-04 (LL-2020-04), which permits temporary revisions to GSE appraisal requirements in this time
On March 18th, The Appraisal Foundation (the Foundation), the Association of Appraisal Regulatory Officials (AARO) and the Appraisal Subcommittee (ASC) issued a joint message for
On March 16th, 2020, the Department of Veterans Affairs (VA) issued Circular 26-20-7 which includes guidance for appraisers regarding COVID-19. Many government entities have advised
In place of the face-to-face requirement, the partial waiver outlines that mortgagees must establish contact via alternate methods, such as phone interviews, email, or video
The Fed announced this measure on Sunday in an effort to bolster the U.S. and global economy that have stalled due to the coronavirus. The
