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Does Freddie Mac still require the 1004MC?

No, there will not be a 1004MC (Market Conditions Addendum). There will be a market section in the new URAR that enables appraisers to expand on the market conditions.

Does Fannie Mae require 1004MC?

Fannies abolishment of the Market Conditions Addendum has lifted the requirement for Form 1004MC from their underwriter programs.

What is 1004MC for appraisal?

The Market Conditions Addendum (Form 1004MC) is designed to enhance the transparency of the market trends and conditions conclusions made by the appraiser.

What is Fannie Mae Form 1004MC?

The Market Conditions Addendum (Form 1004MC) is designed to enhance the transparency of the market trends and conditions conclusions made by the appraiser.

What is the purpose of the 1004MC?

The purpose of the 1004MC report is to help appraisers evaluate the current state of the housing market in the area where the subject property is located. The report includes information on recent home sales, trends in the local real estate market, and other factors that can affect property values.

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