Freddie Mac Modified Appraisal Requirements

Looks like Freddie is requiring an appraisal update from 60 days of delivery of the mortgage.  That used to be 120 days and 60 days on the conversion of a construction loan to permanent financing.

Also requiring an appraisal on streamlines that did not originate with Freddie.  That used to be no appraisal required.

Conclusion: Credit tightening measures that may lead to more appraisal work (if there is money to lend of course).  See below.  Click here for the source document.

Hat tip to: Mark Mandros, Bloomington, IL!