Fannie Mae Announces 1004MC Form No Longer a Requirement
Effective August 7th 2018, Fannie Mae released an update stating the 1004MC form is no longer required. The 1004MC form was introduced to standardize appraiser reporting and analysis of market conditions after the 2008 housing crisis. Though the form is no longer a Fannie Mae requirement, they’ve released the following note: “Appraisers remain responsible for analyzing market conditions and accurately reporting them in the Neighborhood section of our appraisal forms.” Click here to view the full update from Fannie Mae. Source: This news was first published at CoesterVMS.net , which is an official blog of CoesterVMS , appraisal management company in USA .