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The Freddie Mac appraisal waivers and property data program, Automated Collateral Evaluation (ACE) and Property Data Report (ACE+ PDR), was released by the Single Family Division on July 17, 2022. This article provides a quick reference for lenders seeking to implement ACE+ PDR.
For July 2023, GSE originations totaled $57.8BN, down 13% on the prior month. For loans delivered to the GSEs, $49.9BN (86%) were completed with appraisals and $6.6BN (11%) were completed with appraisal waivers. Additionally, $606MM (1%) were completed with appraisal waivers and property data collection, up 22% on the prior month. Appraisal waivers by Agency…
The Fannie Mae appraisal waivers and property data program, Value Acceptance and Property Data (VA + PD), was released by the Single Family Division on April 15, 2023. This article provides a quick reference for lenders seeking to implement VA + PD.
For June 2023, GSE originations totaled $66.4BN. For property valuations, $58.4BN (87%) were completed with an appraisal, $7.6BN (12%) were completed with appraisal waivers (formerly Property Inspection Waivers or PIW), and $498MM (0.75%) were completed with the new appraisal waivers and property data collection. Appraisal waivers and property data by Agency In June 2023, Fannie…