FNMA bedroom definition

[djd09]

The day before the ANSI mandate took effect and the day after the ANSI mandate took effect.... it was exactly the same property. Nothing about ANSI changes that. In Nando's example, it was a 1 bedroom dwelling with a basement before... and and 1 bedroom dwelling after. ANSI does not impact the way the market (Buyers and Sellers) views the property. It standardized the way that appraisers are supposed to describe the dwelling. And NO.... it was never simply the appraiser's call. Portions of the dwelling which had floors that were below the level of the ground ouitside were already supposed to be called 'basements'... per the Fannie definition of GLA.

go ahead and post fannies guidelines before the change...

 

[djd09]

fannie thought accepting hundreds of thousands of no loan docs were a good idea too...ansi is a joke

 

[djd09]

are you hamp? 119.99 to learn how to measure gtfoh

 

[sputnam]

are you hamp? 119.99 to learn how to measure gtfoh

If you don't want to take Hamp's class, don't. You can get everything you need from Hamp's class book and from a copy of the ANSI standard. Of course, you do have to actually read them.