Oklahoma Mortgage Group - Mike David

  Beginning November 2, 2026, new appraisal reports submitted to Fannie Mae and Freddie Mac through the Uniform Collateral Data Portal must use UAD 3.6. New reports using the older UAD 2.6 format will receive an unsuccessful submission status. For Realtors, this is not simply an appraisal-industry technology update. It is a reminder that accurate, organized property information can materially affect the efficiency of a mortgage transaction. UAD 3.6 introduces a more structured and detailed approach to describing residential property characteristics. Realtors are not responsible for determining appraisal condition ratings, quality ratings, or market value. However, listing and transaction teams can help ensure that the underlying facts are readily available. A useful property-information packet might include: A complete list of renovations and approximate completion dates Permits or contractor documentation when available Accurate concessions and seller-paid expenses HOA dues and pr...

  Manufactured housing plays an important role in Oklahoma, particularly for buyers seeking affordability or purchasing in rural communities. One long-standing obstacle has been financing a manufactured home that was moved after its original installation. Beginning September 9, updated Freddie Mac guidance may create a financing path for some of these properties. Under the updated requirements, an eligible manufactured home moved from another site must be inspected by a licensed professional engineer or another appropriate authority to verify its structural integrity. The home also cannot be placed in an area with more restrictive wind, roof-load, or thermal-zone requirements than the zone for which it was constructed. That is a meaningful change—but it is not blanket approval for every relocated home. Buyers and Realtors must still consider: HUD certification labels and construction records The home’s movement and installation history Foundation requirements Real-property classifi...