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FHA releases new draft of appraisal requirements
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The Federal Housing Administration (FHA) posted for public review four new draft, appraiser-specific policy documents July 31 that will be incorporated into the agency’s Single-Family Housing Policy Handbook, commonly known as the SF Handbook. The draft policies cover appraiser eligibility and oversight, conducting appraisals and more.
The “Appraiser and Property Requirements for Title II Forward and Reverse Mortgages” section of the SF Handbook policies are part of the FHA’s ongoing effort to consolidate the SF Handbook to make it easier for stakeholders to do business with the agency. The changes bring together content from more than 30 SF Mortgagee Letters and Handbooks into a single policy source for appraisers.
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