COVID-19 Updates

Anyone can point you to other resources, to tell you how to access the Interagency Appraisal and Evaluation Guidelines or other pertinent information; however, no one else can direct you to the level of expertise available to you through FICRAS. Our cadre of highly trained and experienced FICRAS Compliance Officers is the best resource available for directing you through the maze of regulatory issues you may be facing. Whatever your compliance needs are - FICRAS is the solution. We are ready to serve you.

COVID-19 Regulations and Guidelines

• The Agencies Interim Final Rule - 4-14-20
• Interagency Statement on A&E - COVID-19 4-14-20
• NCUA Interim Final Rule – 4-21-20
• USPAP Q&A Appraisal Reporting-Certification and Signatures.pdf
• USPAP Q&A Appraisal Development - Inspections.pdf

 

COVID-19 Links

 

• FDIC – FAQ for FI Affected by the COVID-19, dated 3/27/20 (see pages 7 and 8, Items 10-13)
  

  https://www.fdic.gov/coronavirus/faq-fi.pdf

• USDA – dated 3/27/2020
  

  https://content.govdelivery.com/accounts/USDARD/bulletins/2839847

• FHA and HUD – dated 3/27/2020
  

  https://www.hud.gov/sites/dfiles/OCHCO/documents/20-05hsgml.pdf

• VA – dated 3/27/2020
  

  https://www.benefits.va.gov/HOMELOANS/documents/circulars/26_20_11.pdf

• Freddie Mac – dated 3/23/2020
  

  https://guide.freddiemac.com/app/guide/bulletin/2020-5

• Fannie Mae – dated 3/23/2020
  

  https://singlefamily.fanniemae.com/media/22321/display

• Fannie Mae FAQs
  

  https://singlefamily.fanniemae.com/media/22326/display

• Fannie Mae Originating & Underwriting / Appraisers
  

  https://singlefamily.fanniemae.com/originating-underwriting/appraisers

• CFPD – TILA-RESPA Integrated Disclosure Rule and Reg Z Right of Rescission Rules – 4-29-20
  

  https://www.ficras.com/bin/cfpb_tila-respa-integrated-disclosure_rescission-pandemic-interpretive-rule.pdf

• CFPD - Mortgage Origination Rules FAQs – 4-29-20
  

  https://www.ficras.com/bin/cfpb_mortgage-origination-rules_faqs-covid-19.pdf

• The Appraisal Foundation
  
  
  • Coronavirus and Appraisers: Your Questions Answered
    

    http://www.appraisalfoundation.org/iMIS/TAF/Coronavirus_and_Appraisers.aspx

  • USPAP Q&A
    
    
    • 2020-01 USPAP Q&A: Appraisal Development – Inspections, dated 3/17/2020
      https://appraisalfoundation.sharefile.com/share/view/s607dbda9e9b41cb9
      
      
    • 2020-02 USPAP Q&A: Appraisal Reporting – Certification and Signatures, dated 3/23/2020
      https://appraisalfoundation.sharefile.com/share/view/s6ab11bd59b64075a
       
    • 2020-03 USPAP Q&A: Appraisal Development – Personal Property Inspections, dated 3/24/2020
      https://appraisalfoundation.sharefile.com/share/view/s02037b96d9148fd8