MENU

GSEs Appraisal-Free Purchase Mortgages

Published Friday, September 1, 2017

On August 18, 2017, both Freddie Mac and Fannie Mae, collectively the Government Sponsored Entities (GSEs), announced they would allow for the use of their proprietary automated valuation tools in lieu of traditional appraisals for some purchase loan transactions.

Freddie Mac will utilize their automated collateral evaluation (ACE) to determine home value by using data from multiple listing services and public records as well as their own data of historical home values to determine collateral risks. Homes must have an 80% or lower loan to value, be a one unit single-family... Read More

Community News

California home sales maintain last year’s momentum in January, C.A.R. reports
Friday, February 21, 2020
California REALTORS® applaud Gov. Newsom’s focus on housing in State of the State Address
Friday, February 21, 2020
California Housing Affordability Holds Steady in Fourth Quarter C.A.R. Reports
Wednesday, February 12, 2020

All News

Melissa Prandi Dummy Ad - Side Tile 1
Website by Accrisoft