Looks like Freddie is requiring an appraisal update from 60 days of delivery of the mortgage. That used to be 120 days and 60 days on the conversion of a construction loan to permanent financing.
Also requiring an appraisal on streamlines that did not originate with Freddie. That used to be no appraisal required.
Conclusion: Credit tightening measures that may lead to more appraisal work (if there is money to lend of course). See below. Click here for the source document.
Hat tip to: Mark Mandros, Bloomington, IL!
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