Main Event: Neighborhood Analysis

Price: $159.00

Hours: 03:00

Description

Since Fannie Mae introduced their market conditions addendum form – the 1004 MC – the confusion surrounding it and the information to be provided in the Neighborhood Section of Fannie Mae’s appraisal report form has not abated. In fact, if anything, it has increased in direct proportion to the amount of time during which appraisers have been required to complete and append this form to appraisal reports. And, to compound matters, Fannie Mae and HUD’s FHA have different requirements for analyzing and reporting neighborhood trends.

This course is NOT a “how to fill in the 1004MC” class as they have been done to death with little apparent success to show for it. Rather, it focuses on how to the development of market conditions conclusions (neighborhood analysis) and how to more effectively report them to a client who is primarily interested in one thing:  RISK ANALYSIS. Despite the “boxing match” between Fannie Mae and FHA with respect to what constitutes a meaningful neighborhood analysis, they do have one thing in common:  the need for the appraiser to be able to develop and report neighborhood trends appropriately.

Course Objectives:

• Help the appraiser understand that “neighborhood” and “market” are not always synonymous nor are they always different
• Lay the ground work for understanding Fannie Mae’s and FHA’s neighborhood analysis requirements
• Enable the appraiser to develop and report neighborhood analyses, and ultimately market condition trends, in a manner which is more meaningful to the lender/client

Instructor

Jeremy Johnson

AQB 45697

Since Fannie Mae introduced their market conditions addendum form – the 1004 MC – the confusion surrounding it and the…Read More