Making it easier to do business with FHA Single Family

Welcome to the Federal Housing Administration's (FHA) Office of Single Family Housing Drafting Table. On this page, Single Family Housing periodically posts policy drafts or other supplemental documents for industry and stakeholder feedback.

The following policy draft is posted for review and feedback:

Draft Mortgagee Letter: Borrower Request for Review of Appraisal Results

On January 3, 2023, FHA INFO 2023-01 announced the posting of the Draft Mortgagee Letter (ML), Borrower Request for Review of Appraisal Results for public feedback. The Draft ML proposes:

• guidance that would improve the process when prospective borrowers applying for FHA-insured Title II forward or Home Equity Conversion Mortgages (HECM) request a Reconsideration of Value (ROV) on a property if the initial valuation is lower than expected, there is an indication of bias, Fair Housing regulations have been violated, or unlawful discrimination has been identified.; and
• updated appraisal review standards intended to provide lenders and appraisers with clear guidance regarding the quality of an appraisal report and the ROV process and responsibilities.

To facilitate FHA's review and analysis of feedback, interested stakeholders are encouraged to thoroughly review the content of the Draft ML and use the Feedback Response Worksheet to provide feedback through February 2, 2023:

• View the Draft ML, Borrower Request for Review of Appraisal Results
• Download the Feedback Response Worksheet and add your feedback to the worksheet

Email the completed worksheet to sffeedback@hud.gov with the subject line: Feedback for Draft Borrower Request for Review of Appraisal Results Draft ML.