ADU guidelines updated.

[Tom D]

This is getting whacky.

 

[Fernando]

Are those new changes from Fannie Mae? At least they're setting up arbitrarily guidelines to follow.

 

[Mike Ault]

I'm pretty sure those are only applicable to appraisals ordered under the UAD 3.6 guidelines. That's how they're going to attempt to convince the lenders into thinking something positive about it.

 

[Bobby Bucks]

It will get even whackier when they want short term rental income reported for those ADUs,. It will get impossible when they want it all to fit in the 3.6 UAD Abomination form.

 

[Tom D]

From the latest newsletter from fannie, got today.

 

[Dublin ohio]

Sounds like California borrowers were beetchin

 

[Fernando]

Always starts with CA which leads the nation.

 

[Mike Ault]

• Embracing expanded eligibility for Manufactured Housing (MH) and Accessory Dwelling Units (ADUs) – available only for UAD 3.6 submissions.

 

[Fernando]

• Embracing expanded eligibility for Manufactured Housing (MH) and Accessory Dwelling Units (ADUs) – available only for UAD 3.6 submissions.

Is that an incentive to use UAD 3.6? WTF.
Could have easily implemented in all UAD. Something not right.

 

[Dublin ohio]

Is that an incentive to use UAD 3.6? WTF.
Could have easily implemented in all UAD. Something not right.

None of the current form are set up for it. As far as something not right................................