FHA has introduced a new, comprehensive online handbook, 4000.1: The FHA Single Family Housing Policy Handbook, that includes all applicable policies for those parties doing business with FHA ranging from appraisers to lenders and underwriters. HB 4000.1 will become effective September 14, 2015 and will replace the myriad of existing handbooks and hundreds of Mortgagee Letters that are currently in play.
The appraisal methodology to be used in performing an appraisal of a property to be financed with an FHA insured mortgage is consistent with the conventional lending industry with few exceptions. This webinar is intended to provide participants with an overview of the policy changes and clarifications in appraisal reporting requirements that will take place upon the new handbook becoming effective.
This is a pre-recorded webinar available for download.