NAR thanks the FHA for its commitment to improve the reconsideration of value (ROV) process for homebuyers seeking financing through the Federal Housing Administration (FHA). Credible and fair valuations are key to sustainable financing and REALTORS® commend FHA for its proposed updates in its draft mortgagee letter
NAR Comment on FHAs Proposed ROV Revisions.pdf
Issue Date: January 12, 2023
NAR thanks the FHA for its commitment to improve the reconsideration of value (ROV) process for homebuyers seeking financing through the Federal Housing Administration (FHA). Credible and fair valuations are key to sustainable financing and REALTORS® commend FHA for its proposed updates in its draft mortgagee letter
Read the Letter