Fannie Mae Announces Changes to Appraisal Alternatives Requirements
Fannie Mae (FNMA) announced changes to eligibility requirements for its appraisal alternatives, Value Acceptance and Value Acceptance + Property Data, effective Q1 2025. For purchase loans on primary residences and second homes, the eligible loan-to-value (LTV) ratios will increase from 80% to 90% for Value Acceptance and from 80% to program limits for Value Acceptance + Property Data. Since early 2020, these appraisal alternatives have saved mortgage borrowers over $2.5 billion. The changes aim to make home valuation more efficient while maintaining safety standards.
Fannie Mae (FNMA) ha annunciato modifiche ai requisiti di idoneità per le sue alternative di valutazione, Value Acceptance e Value Acceptance + Property Data, a partire dal primo trimestre del 2025. Per i prestiti per l'acquisto di abitazioni principali e seconde case, i rapporti prestito-valore (LTV) idonei aumenteranno dall'80% al 90% per Value Acceptance e dall'80% ai limiti del programma per Value Acceptance + Property Data. Dall'inizio del 2020, queste alternative di valutazione hanno fatto risparmiare ai mutuatari più di 2,5 miliardi di dollari. Le modifiche mirano a rendere la valutazione delle abitazioni più efficiente pur mantenendo gli standard di sicurezza.
Fannie Mae (FNMA) anunció cambios en los requisitos de elegibilidad para sus alternativas de tasación, Value Acceptance y Value Acceptance + Property Data, que entrarán en vigor en el primer trimestre de 2025. Para los préstamos de compra de residencias principales y segundas viviendas, las proporciones de préstamo a valor (LTV) elegibles aumentarán del 80% al 90% para Value Acceptance y del 80% a los límites del programa para Value Acceptance + Property Data. Desde principios de 2020, estas alternativas de tasación han ahorrado a los prestatarios de hipotecas más de 2.5 mil millones de dólares. Los cambios tienen como objetivo hacer que la valoración de viviendas sea más eficiente, manteniendo los estándares de seguridad.
팬니 매 (FNMA)는 2025년 1분기부터 효력이 발생하는 평가 대안인 Value Acceptance와 Value Acceptance + Property Data의 자격 요건에 대한 변경 사항을 발표했습니다. 주거용 주택 및 세컨드 하우스 구매 대출에 대한 적격 대출-가치 비율 (LTV)은 Value Acceptance의 경우 80%에서 90%로, Value Acceptance + Property Data의 경우 80%에서 프로그램 한도로 증가합니다. 2020년 초부터, 이러한 평가 대안은 주택 대출자에게 25억 달러 이상의 비용을 절감했습니다. 이번 변화는 안전 기준을 유지하면서 주택 평가를 보다 효율적으로 만들기 위한 것입니다.
Fannie Mae (FNMA) a annoncé des changements dans les critères d'éligibilité pour ses alternatives d'évaluation, Value Acceptance et Value Acceptance + Property Data, qui entreront en vigueur au premier trimestre de 2025. Pour les prêts d'achat de résidences principales et de résidences secondaires, les ratios prêt-valeur (LTV) éligibles passeront de 80 % à 90 % pour Value Acceptance et de 80 % aux limites du programme pour Value Acceptance + Property Data. Depuis début 2020, ces alternatives d'évaluation ont permis d'économiser aux emprunteurs hypothécaires plus de 2,5 milliards de dollars. Les changements visent à rendre l'évaluation des maisons plus efficace tout en maintenant les normes de sécurité.
Fannie Mae (FNMA) hat Änderungen an den Zulassungsvoraussetzungen für ihre Bewertungsalternativen, Value Acceptance und Value Acceptance + Property Data, bekannt gegeben, die ab dem 1. Quartal 2025 wirksam werden. Für Kaufdarlehen für Hauptwohnsitze und Ferienhäuser werden die zulässigen Beleihungsquoten (LTV) von 80% auf 90% für Value Acceptance und von 80% auf Programmlimits für Value Acceptance + Property Data steigen. Seit Anfang 2020 haben diese Bewertungsalternativen den Kreditnehmern über 2,5 Milliarden Dollar gespart. Die Änderungen zielen darauf ab, die Immobilienbewertung effizienter zu gestalten und gleichzeitig Sicherheitsstandards einzuhalten.
- Increased LTV ratios expand lending accessibility for homebuyers
- Documented $2.5 billion in borrower cost savings since 2020
- Modernization of valuation process potentially reducing operational costs
- Higher LTV ratios may increase risk exposure for the company
Beginning in Q1 2025, for purchase loans for primary residences and second homes, the eligible loan-to-value (LTV) ratios for Value Acceptance will increase from
"Fannie Mae is on a journey of continuous improvement to make the home valuation process more effective, efficient, and impartial for lenders, appraisers, and secondary mortgage market participants while maintaining Fannie Mae's safety and soundness," said Jake Williamson, Senior Vice President of Single-Family Collateral & Quality Risk Management, Fannie Mae. "Responsibly increasing the eligibility for valuation options that leverage data- and technology-driven approaches can also help reduce costs for borrowers."
Since early 2020, Fannie Mae estimates the use of appraisal alternatives such as Value Acceptance and Value Acceptance + Property Data on loans Fannie Mae has acquired saved mortgage borrowers more than
Value Acceptance leverages a robust data and modeling framework to confirm the validity of a property's value and sale price. Alternatively, Value Acceptance + Property Data utilizes trained and vetted third-party property data collectors, such as appraisers, real estate agents, and insurance inspectors, who conduct interior and exterior data collection on the subject property. Lenders are notified of transactions that are eligible for Value Acceptance or Value Acceptance + Property Data via Fannie Mae's Desktop Underwriter®.
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