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Uniform Residential Appraisal Report (Fannie Mae Form 1004/Freddie Mac Form 70). Form 1004/70 is used to report the results of an appraisal of one-family .

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1.20 Appraisals coordinated by AMCs are required to comply with USPAP.

All federally related transactions having a transaction value of $1,000,000 or more shall require an appraisal prepared by a State certified appraiser.

Both Fannie Mae and Freddie Mac require that all single-family loans they purchase adhere to standards for solicitation, selection, compensation, and practitioner independence when it comes to home appraisals.

Truth in Lending Act (TILA), rules for appraisers Many may have forgotten that the appraiser independence requirements laid out in TILA were based on a short-lived set of appraisal rules called the Home Valuation Code of Conduct (HVCC).

The Appraiser Independence Requirements (AIR) were developed by Freddie Mac, the Federal Housing Finance Agency (FHFA), Fannie Mae, and key industry participants and went into effect October 15, 2010. These requirements provide important protections for mortgage investors, home buyers, and the housing market.

What is the Yellow Book? It is the Uniform Appraisal Standards for Federal Land Acquisitions, which is sometimes referred to as UASFLA or the Yellow Book. It is a set of standards for appraisals and appraisal reviews performed on properties that are being acquired by the federal government.

Top rated CoreLogic. 3.3. 914 reviews. U.S. Bank. 3.6. 10,410 reviews. Property Damage Appraisers. 3.5. 66 reviews. Wells Fargo. 3.7. 43,976 reviews. First Look Appraisals. 3.8. 17 reviews.

Appraiser Independence Requirements (AIR) are a set of standards designed to replace the Home Valuation Code of Conduct (HVCC). The main objective was to preserve the intent of HVCC while continuing to improve security for mortgage investors, lenders, real estate brokers, home buyers, and the overall housing industry.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232