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Read about recent events, essential information and the latest community news from AARO.

If you'd like to share your organization or jurisdiction news with AARO, please email us at info@aaro.net, or add our email address to your press distribution list.
Mar
23

Selling Guidance Related to COVID-19 Bulletin 2020-5

Freddie Mac issued selling guidance related to COVID-19 on March 23, 2020. The bulltein, found here, covers: 

and also provides reminders regarding:

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Mar
23

Fannie Mae Lender Letter LL-2020-04

Fannie Mae issued a lender letter (LL-2020-04) to all Fannie Mae single-family sellers regarding the impact of COVID-19 on appraisals under the guidance of the FHFA. Read the full letter here

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Mar
23

FHFA Directs Enterprises to Grant Flexibilities for Appraisal and Employment Verifications

Today, to facilitate liquidity in the mortgage market during the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac (the Enterprises) to provide alternative flexibilities to satisfy appraisal requirements and employment verification requirements through May 17, 2020.​ 

The full article can be found here

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Mar
19

PSI Letter RE: COVID-19

PSI has cloased its closed its owned and operated test centers. During this time, candidates can reschedule their exams with no penalty or documentation required. Click here to read the full letter. 

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Mar
18

TAF-AARO-ASC Guidance

A joint message between TAF, AARO, and the ASC regarding COVID-19.

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Mar
17

USPAP Q&A

On March 17, 2020, The Appraisal Foundation issued a Q&A regarding interior inspections and compliance with USPAP. The Q&A can be found here.  

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Mar
15

FFIEC Adopts Grant Handbook

The Regulatory Bulletin's Vol. 30, Issue 3 released on March 15, 2020, included an article on the ASC's adoption of the Grants Handbook. 

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Mar
13

Appraisal Foundation Offers Coronavirus (COVID-19) Information for Appraisers

The Appraisal Foundation has created a dedicated Coronavirus page, so commonly asked questions and concerns can be addressed.   The page can be found here.

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Mar
13

Spring 2020 Conference and Training Sessions Cancelled

AARO Cancels Spring 2020 Conference along with RTC and CSI Level II Courses. 

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Feb
12

Waters and Clay Request GAO Study to Protect Homeowners from Appraisal Loopholes

The U.S. House Committee on Financial Services, "sent a letter to the Comptroller General of the U.S. Government Accountability Office (GAO), requesting a comprehensive study on the implementation of Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA) by the relevant federal agencies." 

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