FHA Rescinds Multiple Appraisal Related Policies

[Mejappz]

The whip is being cracked. Payback is a *****.

Today, the Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2025-08, Rescinding Multiple Appraisal Policy Related Mortgagee Letters, to immediatelyrescind the policy guidance published in the following MLS:

• ML 2024-16, Extension to the Effective Date of Appraisal Review and Reconsideration of Value (ROV) Updates, dated August 6, 2024;
• ML 2024-07, Appraisal Review and Reconsideration of Value, dated May 1, 2024; and
• ML 2021-27, Appraisal Fair Housing Compliance and Updated General Appraiser Requirements, dated November 17, 2021.

The provisions of this ML are effective immediately and will be incorporated into a future version of Handbook 4000.1.



Additionally, all other prior supporting communications related to the three rescinded MLS — such as FHA INFOs and training — have been removed from HUD.gov.



Stakeholders are encouraged to thoroughly review these revisions and contact the FHA Resource Center (referenced below) with questions.

 

[shrubberyvaluation]

The whip is being cracked. Payback is a *****.

Today, the Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2025-08, Rescinding Multiple Appraisal Policy Related Mortgagee Letters, to immediatelyrescind the policy guidance published in the following MLS:

• ML 2024-16, Extension to the Effective Date of Appraisal Review and Reconsideration of Value (ROV) Updates, dated August 6, 2024;
• ML 2024-07, Appraisal Review and Reconsideration of Value, dated May 1, 2024; and
• ML 2021-27, Appraisal Fair Housing Compliance and Updated General Appraiser Requirements, dated November 17, 2021.

The provisions of this ML are effective immediately and will be incorporated into a future version of Handbook 4000.1.



Additionally, all other prior supporting communications related to the three rescinded MLS — such as FHA INFOs and training — have been removed from HUD.gov.



Stakeholders are encouraged to thoroughly review these revisions and contact the FHA Resource Center (referenced below) with questions.

Looks like good stuff to me, not that I would expect otherwise with this administration.

 

[Mejappz]

 

[Non Sequitur]

Politics giveth, politics taketh away.

I expect similar roll backs from the GSEs soon enough.

 

[djd09]

you know that no one on 15th st voted for trump...

 

[George Hatch]

Politics giveth, politics taketh away.

I expect similar roll backs from the GSEs soon enough.

My primary concern is that I don't want to see appraisers get complaints based on something they did during the interim which was technically permissible when they did it but was Project 1619 revised retroactively after the fact.

Gotta be smarter than the critics so as to deny them the unearned gotcha later on. That's not an expression of altruism or generosity or woke, but of building an assertive defensive position.

 

[djd09]

Musk ally, DOGE member Stanley tapped for Fannie Mae board amid shakeup​

Pulte has already suggested he could shake up operations at the FHFA, posting on social media last week that Fannie and Freddie make more than $30 billion per year.

https://www.detroitnews.com/story/business/2025/03/18/musk-ally-doge-member-stanley-tapped-for-fannie-mae-board-amid-shakeup/82514769007/

30,000,000,000 per year and they whine about cheap and fast...unbelievable....anyways stanley has already resigned

 

[sputnam]

Politics giveth, politics taketh away.

I expect similar roll backs from the GSEs soon enough.

Yep. As Obama said, "Elections have consequences."

 

[Sadie]

I thought the ROV requirements were a positive thing.

 

[shrubberyvaluation]

My primary concern is that I don't want to see appraisers get complaints based on something they did during the interim which was technically permissible when they did it but was Project 1619 revised retroactively after the fact.

Gotta be smarter than the critics so as to deny them the unearned gotcha later on. That's not an expression of altruism or generosity or woke, but of building an assertive defensive position.

I found it amazing how many appraisers supported the last administration when on day 1 they went on a crusade to attack appraisers for doing their job correctly.