Brind.
  1. Fannie Mae and Freddie Mac are currently involved in setting market standards as Government Sponsored Enterprises (GSEs).

Fannie Mae and Freddie Mac Mandate New Appraisal Standards (UAD 3.6)

1 report, 1 independent Updated Mon 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Fannie Mae and Freddie Mac mandated a new appraisal format, UAD 3.6, for loans sold to them starting November 2, 2026. This new format replaces older appraisal forms with a single Uniform Residential Appraisal Report (URAR). A temporary policy exception allows lenders to submit older UAD 2.6 reports until May 19, 2027, but reports submitted under this exception will receive a collateral risk score of 999 from Fannie Mae and 99 from Freddie Mac starting March 1, 2027.

From mpamag.com

Why it matters

Some supportBrind's analysis of the reports

As government-sponsored enterprises, Fannie Mae and Freddie Mac set market standards for the mortgage industry. The shift requires significant changes to how appraisals are ordered and delivered, impacting the operational requirements of mortgage brokers and lenders.

Fannie Mae and Freddie Mac are currently involved in setting market standards as Government Sponsored Enterprises (GSEs).

From mpamag.com

Who's involved

  • Fannie MaeMandated the new appraisal format for loans sold to Fannie Mae.
  • Freddie MacMandated the new appraisal format for loans sold to Freddie Mac.
  • Walker & DunlopA real estate finance and advisory services company potentially affected by the mandate.

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • Walker & DunlopSpeculative

    Walker & Dunlop could face increased costs related to updating underwriting and servicing systems to comply with the GSE mandate.

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Part of

Fannie Mae and Freddie Mac are currently involved in setting market standards as Government Sponsored Enterprises (GSEs).

Also in this story

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Coverage

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