Fannie Mae Market Conditions
Fannie Mae stipulated changes to several calculations in the Market Conditions Addendum to the Appraisal Report (Form 1004MC), requiring appraisers to use the new calculations for all mortgage loan applications dated on and after September 1, 2010. Refer to page 4 in the updated guidelines document from Fannie Mae:
The new version of the 1004MC Calculation Spreadsheet has been updated to reflect these changes and is being provided to our members.
You will need Adobe Acrobat and Microsoft Excel or a Microsoft Office Compatible Program to use these documents. If you don’t have Microsoft Office, they should work with Adobe Acrobat and http://www.openoffice.org, a free open source alternative.
Note: These links are always available on Matrix by clicking on HELP and then Fannie Mae Market Conditions 1004MC Resources.