Desktop appraisals – Lots of Info Available
Fannie and Freddie started using Desktops on March 19, 2022

Both a floor plan and a building sketch with dimensions and GLA calculations are required. ANSI is not required.


March 2022 Fannie Mae Appraiser Update: 

Link to March Appraiser Update, click here:

Link to “About Desktop Appraisals” PDF with 5 pages of information, click here Watch the Noble Appraiser explore the benefits of performing desktop appraisals:
The Desktop Appraisal Discovery Link to Noble Appraiser on desktops video, click here 


McKissock: Fannie Mae and Freddie Mac Desktop Appraisals: Your Questions Answered

Excerpts: In January 2022, Fannie Mae and Freddie Mac announced a desktop appraisal option that goes live in mid-March 2022. In various articles and opinion pieces, some claim that desktop appraisals will solve the appraiser shortage and modernize the appraisal process, while others claim that they will cause the demise of the appraisal profession.

Here are a few of the 16 questions answered

  • What is a desktop appraisal?
  • Does USPAP require me to complete an inspection?
  • What data sources are used for identifying the subject’s relevant characteristics?
  • Are there any state restrictions?
  • Must I be competent in the subject’s market area?
  • Are extraordinary assumptions allowed?
  • Does the limited scope of work mitigate my liability?
  • Won’t these types of valuations be risky for the lender

To read more, click here


Bradford Software Webinar Floor Plans for Desktops – Discover Your Options with 7 Floor Plan Providers March 24, 2022 (1 hour, 34 minutes), with comments from Scott Reuter of Freddie Mac.

It was recorded and is available at

I did not have time to watch it yesterday.


My comments on the above resources: What’s the best resource(s) for you?

Noble appraiser video is short (3 min. 34 seconds) understandable and very informative. Fannie Mae is “the source” for desktops. McKissock’s Q and A post is well written, understandable with short answers.

Bradford’s video has demos of 7 app providers for floor plans and sketches.

If lenders will use them much is very uncertain. The Covid desktops were never widely adopted. No one knows now which cell phone apps will be used, who will use them, and their accuracy (tested by an independent company). Minimum of an IPhone 12 Pro, with LIDAR camera. Appraisers who have tested them say the floor plans are good, but sketches with dimensions and floor plans may not be accurate on complicated home designs.

Appraisal Business Tips 

Humor for Appraisers

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To read more of this long blog post with many topics, click Read More Below!!

NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, lender bias, ANSI, FHA class, mortgage origination stats, etc.


Wells Fargo Rejected Half Its Black Applicants in Mortgage Refinancing Boom

Fewer than half of Black applicants were approved by the biggest bank mortgage lender

Excerpts: Nationwide, only 47% of Black homeowners who completed a refinance application with Wells Fargo in 2020 were approved, compared with 72% of White homeowners, according to a Bloomberg News analysis of federal mortgage data. While Black applicants had lower approval rates than White ones at all major lenders, the data show, Wells Fargo had the biggest disparity and was alone in rejecting more Black homeowners than it accepted.

JPMorgan Chase & Co., the largest U.S. bank by assets, accepted 81% of refinancing applications from Black homeowners in 2020 compared with 90% from White ones. Bank of America Corp. approved 66% of its Black applicants and 78% of White ones. Rocket Mortgage LLC, which received 1 million refinancing applications in 2020, more than any other lender, had the smallest gap: It approved 79% of Black applicants and 86% of White ones.

To read more and see graphs and tables, click here

My comments: Not surprising. Redlining was originally set up by FHA and lenders complied. Appraisers are accused of bias. But, appraisers don’t make any more money appraising a property lower than what borrowers want. I am sure somehow Wells Fargo was making more money by not making loans to Black borrowers. I don’t see any investigations of lender bias on TV and in the news or congressional committee hearings. Of course, lenders have always made lots of big political contributions…


10 Questions Fannie Mae Just Has Not Answered (Podcast 6 minutes)

By Tim Andersen, MAI

Excerpt: 10 questions Fannie Mae does not answer for us? How about “How are we supposed to provide a floorplan when we don’t put boots in the living room?”. Technology helps us answer this question, true. But the fact is, we had to ask it. And, Fannie Mae still has not answered it (as of this podcast). Again, that technology exists, but which technology?

Even some of the AMCs are on this bandwagon. Those AMCs ask us to use their software, their apps. Does that put them “in charge” of the appraisal and its reporting? USPAP makes it clear those are our responsibilities. But USPAP does not govern or constrain lenders and their helots, the AMCs.

These 10 questions Fannie Mae does not answer extend to neighborhood analysis, too. From experience, it’s likely the appraiser is already familiar with the neighborhood. But what happens when the appraiser receives an assignment in a recently-constructed subdivision? Will staying at a desk help the appraiser who is expanding into new geographical areas? How will the appraiser come to know the nuances of that new town or county?

To read more and listen to the podcast, click here

My comments: Tim is a regular contributor to Appraisal Today monthly newsletter. He wants to help keep appraisers out of trouble. He specializes in USPAP consulting and compliance services, real estate appraisal training, appraiser advocacy, and mentoring. I subscribed to Tim’s podcasts a while ago and listen to them regularly. He is an excellent teacher and speaker. width=”100%”>Getting too many ad-only emails?


ANSI Effective Next Friday, April 1!

Appraisal Today has lots of information on ANSI. It’s not too late to get what you need.

The February and March issues of the Monthly Appraisal Today focused on ANSI and what it means to appraisers.

Topics include:

  • Review of all available ANSI classes and webinars except in-person. Select what works best for you.
  • What do you want/need to know about ANSI? Many appraisers say they know ANSI, but do not when questioned.
  • Sloping ceilings. How to measure.
  • How Fannie wants you to fill out the grid.
  • Fannie will be checking to see if you did it right.
  • Stairs. What to include for two+ story homes (both levels, not just one level). Stairs to attic and basement.
  • Difference between ANSI Finished Square Footage and finished area not conforming to ANSI, such as below grade.
  • ANSI Required Declarations in your Statement of Finished Square Footage (samples)
  • Book Review: Measuring Square Footage with ANSI 2021: Home Measurement Textbook written by Hamp Thomas, who has been writing and teaching about ANSI since 1996, when it originally started.

To read more about ANSI, plus 2+ years of previous issues, subscribe to the paid Appraisal Today.

If this article helped you understand ANSI, it is worth the subscription price!!

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If you have any comments or info on any topics, please hit the reply button!! I’m always looking for something new ;>If you are a paid subscriber and did not get the March 2022 issue, emailed on March 1, 2022, please send an email to and we will send it to you!! Or, hit the reply button. Be sure to put in a comment requesting it.


45-Foot-Tall Lakefront Silo Home in New York 

Excerpt: The lake house was constructed from an old farm silo. Built in 1983, the residence is a smart reuse.

“In the late ’70s and early ’80s, natural, eco-friendly homes were popular. So the original builder took a silo, dismantled it, and brought it over to Chase’s Lake, reassembled it and then added on to it,” explains listing agent Natalie Roth.

Pending Sale $319,000

Est. 4 bed 1 bath, 1000 square feet, 0.9 acre lot

To read more and see more photos, click here


2022 FHA Appraisal Policies, Principals and Practices for Appraisers

March 31, 2022│2:00 PM – 4:30 PM (Eastern)

This training provides an update on appraisal standards, practices, and policies. Topics for discussion include Single Family Housing Policy Handbook 4000.1 updates, unbiased appraising and appraiser integrity, components of appraisal guidance, defective property conditions, and more. This training is not eligible for Continuing Education Units (CEUs) for licensed appraisers. There is no charge for training courses offered by FHA.

To register, click here

Instructions: Advance registration is required no later than March 30, 2022. Registered attendees will receive a registration confirmation email with information to access the webinar and other details. Attendees are encouraged to submit appraisal-related questions, in advance, by email, to These questions will be addressed by the presenters as time permits.



ANSI Z765-2021 Resources Web Page at

Every week I write about new classes, Webinars, and videos. I am putting them on this web page now. Plus, removing old information, such as a class that has changed the dates it is offered.

The effective date is the date of inspection. Schedule appointments for next week before Friday, April 1, if you haven’t already!! 

ANSI Required Disclosure Samples

Purchase the ANSI Z765 16-page Official document ($25). The document is copyrighted so you can’t have a friend send you a copy. Go to and click on Book Store in the upper right.

Hamp Thomas’ Book (Measuring Square Footage with ANSI 2021: Home Measurement Textbook $29.95 paperback, available on Amazon) has different types of ANSI disclosure samples. You can make up your own. My appraisal measurement disclosures are much more detailed than the ANSI document.

For more info, click on the link above.


New Webinars and Classes

Note: Everyone is trying to get their webinars out by April 1!

October Research (email ad to be sent on Monday)

The Move to ANSI Standards March 31 @ 4 p.m. ET Free Webinar

Fannie Mae’s Lyle Radke, Carolina Appraisers’ Hamp Thomas, and American Home Appraisals’ Richard Hagar as they share their expertise and highlight:

  • Requirements of the new guidelines
  • Possible exceptions to the standards
  • Consequences of not adhering to the standards
  • And much more…

An email ad will be going out Monday, March 28. If you don’t see the ad,

To register, click here

The webinar will be recorded, but only the slides and instructor photos will be available.

The recording will be available later at 

My comments: All three speakers are excellent. It is great having them all together on one webinar! Lyle Radke from Fannie, Hamp Thomas aka “Mr. ANSI” and The Expert In home measurement, and Richard Hagar, who started using a standard method before ANSI started in 1976. (He worked at a lender who developed one for the staff appraisers to use.)


Introducing ANSI: New Requirements for Appraisers 3-29-22

Learn ANSI in 2 hours with Richard Hagar!

Presented By: Richard Hagar, SRA $49

Date: Tuesday, March 29, 10 – 11:45 a.m. PST

This class will cover:

(1) How to handle stairs!

(2) What to do with low or sloping ceilings;

(3) Why Fannie Mae is adopting uniform standards;

(4) How to handle unique rooms, curves, and more;

(5) How to stay out of trouble!

My comment: I took Richard’s one-hour ANSI class recently, which was good but two hours is better. He is an excellent instructor. I have known him for many years.

To register, click here


HOW TO USE THE NUMBERS BELOW. Appraisals are ordered after the loan application. These numbers tell you the future for the next few weeks. For more information on how they are compiled, go to Note: I publish a graph of this data every month in my paid monthly newsletter, Appraisal Today. For more information or get a FREE sample issue go to or send an email to . Or call 800-839-0227, MTW 7AM to noon, Pacific time.

My comments: When rates are expected to go up, there is usually a big rush to refi. Make money while the market is hot!!Mortgage applications decreased 8.1 percent from one week earlier

Mortgage applications decreased 8.1 percent from one week earlier,

WASHINGTON, D.C. (March 23, 2022) –  according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 18, 2022.

The Market Composite Index, a measure of mortgage loan application volume, decreased 8.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 8 percent compared with the previous week. The Refinance Index decreased 14 percent from the previous week and was 54 percent lower than the same week one year ago. The seasonally adjusted Purchase Index decreased 2 percent from one week earlier. The unadjusted Purchase Index decreased 1 percent compared with the previous week and was 12 percent lower than the same week one year ago.

“Rates on 30-year conforming mortgages jumped by 23 basis points last week, the largest weekly increase since March 2020. The jump in rates comes as markets moved to price in a much faster pace of rate hikes, as well as expectations of fewer MBS purchases from the Federal Reserve. With mortgage rates now at 4.5 percent, compared to rates at or below 3 percent not that long ago, it is no surprise that refinance volume has dropped by more than 50 percent compared to this time last year. MBA’s new March forecast expects mortgage rates to continue to trend higher through the course of 2022,” said Mike Fratantoni, MBA’s Senior Vice President and Chief Economist. “Purchase application volume was down slightly for the week, with a larger drop in FHA and VA purchase volume, and a small decline in conventional purchase loans. First-time homebuyers, who rely on these government programs, are increasingly challenged by both the rapid increase in home prices and higher mortgage rates. Repeat homebuyers, who are more likely to use conventional loans, benefit from the gains in home equity realized on a sale which can be used to fuel their next purchase, even with rates moving higher.”  

The refinance share of mortgage activity decreased to 44.8 percent of total applications from 48.4 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 6.4 percent of total applications.

The FHA share of total applications increased to 8.8 percent from 8.7 percent the week prior. The VA share of total applications decreased to 9.8 percent from 10.5 percent the week prior. The USDA share of total applications decreased to 0.4 percent from 0.5 percent the week prior.  The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 4.50 percent from 4.27 percent, with points increasing to 0.59 from 0.54 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans. The effective rate increased from last week.

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $647,200) increased to 4.11 percent from 4.02 percent, with points increasing to 0.51 from 0.37 (including the origination fee) for 80 percent LTV loans. The effective rate increased from last week.

The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 4.40 percent from 4.23 percent, with points increasing to 0.73 from 0.62 (including the origination fee) for 80 percent LTV loans. The effective rate increased from last week.

The average contract interest rate for 15-year fixed-rate mortgages increased to 3.76 percent from 3.55 percent, with points increasing to 0.55 from 0.46 (including the origination fee) for 80 percent LTV loans. The effective rate increased from last week.

The average contract interest rate for 5/1 ARMs increased to 3.39 percent from 3.36 percent, with points increasing to 0.54 from 0.23 (including the origination fee) for 80 percent LTV loans. The effective rate increased from last week.  If you would like to purchase a subscription of MBA’s Weekly Applications Survey, please visit, contact or click here.

The survey covers over 75 percent of all U.S. retail residential mortgage applications, and has been conducted weekly since 1990. Respondents include mortgage bankers, commercial banks, and thrifts. Base period and value for all indexes is March 16, 1990=100.

Ann O’Rourke, MAI, SRA, MBA

Appraiser and Publisher Appraisal Today

1826 Clement Ave. Suite 203 Alameda, CA 94501

Phone 510-865-8041


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