Dated:3/23/2009
Received:3/25/2009
Posted:3/26/2009
Announces all appraisals of properties that are to be security for FHA-insured mortgages and that are performed on or after April 1, 2009, the appraisal must include the Market Conditions Addendum (Fannie Mae Form 1004MC/Freddie Mac Form 71, released November, 2008). Mortgagee Letter 2009-09 also provides additional guidance for collateral assessment practices for properties located in a declining market. This guidance is also effective April 1, 2009.
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Thursday, March 26, 2009
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