FHA launches optional transition period to UAD 3.6
FHA opens optional UAD 3.6 production as Fannie and Freddie grant a one-time UAD 2.6 waiver into 2027, giving lenders a transition runway. FHA has opened an optional broad production period for its Electronic Appraisal Delivery portal to accept appraisals in the new UAD 3.6 format for all Title II forward and HECM loans, while still allowing legacy UAD 2.6 files as long as each case sticks with a single format. AI Summary The Federal Housing Administration (FHA) has opened an optional broad production period for lenders to begin submitting appraisals in the new Uniform Appraisal Dataset (UAD) 3.6 format through its Electronic Appraisal Delivery (EAD) portal, the agency announced on Thursday. The move comes as Fannie Mae and Freddie Mac roll out a separate time-limited waiver that allows some sellers to keep using the legacy UAD 2.6 format into midโ2027. Effective immediately, all FHA -approved lenders participating in Title II forward mortgage and Home Equity Conversion Mortgage ( HECM ) programs may begin submitting appraisals using UAD 3.6, according to the announcement.
This follows completion of beta testing for the new format in the EAD portal. During this optional phase, lenders may continue to deliver some or all appraisals in the legacy UAD 2.6 format. For each FHA case number, however, the format used for the initial appraisal submission must be used for all subsequent appraisal submissions on that case. Mixing multiple UAD formats in the same case is not permitted. Mortgage Bankers Association (MBA) president and CEO Bob Broeksmit said the trade group supports the temporary exception as a way to smooth the transition to UAD 3.6, adding that it will โgive lenders and appraisers additional time to prepare for this significant change and help avoid unnecessary disruptions, longer wait times, or higher costs for borrowers.โ FHA has not yet set its own mandatory adoption date and said it will continue to assess lender readiness before making that decision.
With mortgage rates peaking at 7.49%, inventory rose to 895,398, new listings were 66,907, and price cuts reached 42.50%. Editorโs note: This installment of Built for This is part of Housing Wireโs ongoing examination of homebuilding leaders and companies improving their businesses in a housing market that offers little outside help. View Homes CEO Natasha Gandhi will join Signature Homes chairman Dwight Sandlin and National Home Corp executive chairman Wade Jurney on the CEO Power Panel at the Housing Wire [โฆ] Housing Wire Intelligence data will follow this ZIP code across the site.
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๐World Economy
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๐๏ธLocal Economy
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๐ฆRates & Banks
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๐ Housing
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