FHA Single Family Handbook Update Delivers Clarity for Appraisers, Say Realtors®

WASHINGTON (October 5, 2016) — Realtors® raised concerns earlier this year when the Federal Housing Administration’s “Single Family Housing Policy Handbook” included new requirements for appraisers to operate and physically observe appliances on a property during the completion of an appraisal. This inspector-type role far exceeded previously understood appraiser duties and had the potential to make appraisals longer and more costly for consumers. In response to those concerns,... Read More...(read more)

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