Fannie Mae, Freddie Mac offer temporary UAD 3.6 exception

Fannie Mae, Freddie Mac offer temporary UAD 3.6 exception

Fannie Mae and Freddie Mac will allow approved sellers to have limited use of UAD 2.6 appraisals through mid-2027.

New Appraisal Rules Could Vary By Lender Under GSE Exception

Mortgage brokers preparing for the Nov. 2 switch to UAD 3.6 just got some breathing room — depending on where they send the loan.Fannie Mae and Freddie Mac are offering temporary policy exceptions to approved lenders that cannot meet the Nov. 2 mandate for the redesigned Uniform Appraisal Dataset, allowing those lenders to continue submitting legacy UAD 2.6 appraisals well into 2027.

Fannie Mae Offers Temporary UAD 3.6 Exception

Fannie Mae will let approved lenders that cannot meet the Nov. 2 UAD 3.6 mandate continue using legacy UAD 2.6 appraisals into 2027, but reduced functionality and rep-and-warranty consequences begin March 1. Continue Reading Fannie Mae Gives Unready Lenders Temporary Relief From Nov. 2 UAD 3.6 Mandate