On October 10, 2016 NAR sent a letter to HUD Secretary Julián Castro. The letter thanks the Secretary for listening to NAR’s concerns and revising the appliance review requirement for appraisals in the Federal Housing Administration (FHA) Single Family Housing Policy Handbook. While some issues remain with the Handbook, these changes are a solid first step in ensuring that FHA appraisers are not unduly hindered in providing an independent and impartial analysis of local housing markets, and a credible opinion of the value of a house.
NAR Thank You Letter to HUD Secretary Castro Regarding FHA Handbook - Appliances
Issue Date: October 06, 2016
On October 10, 2016 NAR sent a letter to HUD Secretary Julián Castro. The letter thanks the Secretary for listening to NAR’s concerns and revising the appliance review requirement for appraisals in the Federal Housing Administration (FHA) Single Family Housing Policy Handbook. While some issues remain with the Handbook, these changes are a solid first step in ensuring that FHA appraisers are not unduly hindered in providing an independent and impartial analysis of local housing markets, and a credible opinion of the value of a house.
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