Freddie Mac issued Bulletin 2022-13 (Bulletin) announcing updates to the ACE+PDR requirements originally announced in Bulletin 2022-6. Per the Bulletin, Freddie Mac:
- Updated the effective date requirement for a hybrid appraisal when an upgrade is required;
- Updated the allowable age of the Property Data Report (PDR);
- Specified the full list of upgrade requirements related to adverse site conditions or external factors and external obsolescence;
- Specified that when the PDR is upgraded to a hybrid appraisal, the seller must continue to deliver ULDD Data Point Investor Feature Identifier with a valid value of J44 that identifies the hybrid appraisal is in conjunction with an ACE+PDR offer; and
- Updated Addendum B (PDR Modified Certifications and Assumptions and Limiting Conditions) to ensure the addendum accurately reflects the role of the data collector.
The updates are effective July 17, 2022.
Click to view the Freddie Mac Bulletin 2022-13: https://www.tenaco.com/wp-content/uploads/2022/06/Freddie-Mac-Guide-Bulletin-2022-13-06-15-22.pdf
