VA issued Circular 26-18-29, eliminating the requirement that appraisers include a Market Conditions Addendum in all VA appraisals. Appraisers are, however, still required to include the market trend information within the appraisal reports. The Circular went into effect December 11, 2019.
Fannie Mae
Fannie Mae Updates Area Median Incomes used to Determine Borrower Eligibility for HomeReady, RefiNow and Duty to Serve Loans
Fannie Mae updated the area median incomes (AMIs) used to determine a borrower’s eligibility for HomeReady, RefiNow, and Duty to Serve loans. The 2024 AMIs