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Mortgagee Letter 2009-28 Appraiser Independence

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by Bryan McDonald on February 11, 2010

Enactment of ML 2009-28 (Appraiser Independence) will be implemented February 15, 2010. ML 2009-28 (originally planned for a January 1, 2010 implementation) has two parts: a) prohibition of mortgage brokers and commission-based lender staff from the appraisal process, and b) appraiser selection in FHA Connection.  The effective date for both sections of this guidance will [...]

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