Fannie Mae Market Conditions Addendum (Form 1004MC)
The new Fannie Mae Market Conditions Addendum (Form 1004MC) “will be required with all one- to four-unit property appraisals performed on or after April 1, 2009.” To help our appraiser custumers with this new requirement, we’ve modified the statistical CMA function in flexmls Web to include some new statistics broken out by the time-frames required by the market conditions reprort.
Current flexmls Web customers can preview this report using your regular login and password on our beta server. To access the report, do a search to find your comps, choose CMA, and then statistical CMA where you’ll then have the option to include the 1004 MC market conditions stats.
Let us know in the flexmls Web user forums if you see any changes needed. We expect to have it released before the April 1, 2009, deadline.