GSEs Revise Appraisal Reconsideration of Value Requirements

Fannie Mae and Freddie Mac each recently announced revised requirements for appraisal reconsideration of value (ROV) requests.  These policy changes went into effect on September 3, 2025.

The GSEs removed the “dual disclosure” requirement and will now only require that lenders provide borrowers with information about their ROV process upon delivery of the appraisal report.  Previously, disclosure was also required at the time of application.

Both Fannie Mae and Freddie Mac also revised ROV documentation retention requirements.  Lenders must still retain documentation related to the outcome of any ROV in the mortgage file but no longer have to document ROV initiation.

This follows FHA’s rescission of its ROV policies in March 2025, covered here by WBK.  The original policies were announced in May 2024.