We know that FANNIE just announced that in the near future it will no longer require the 1004MC form, but that doesn’t mean that your lenders won’t still require it!
The 1004MC class will provide you with examples of comments, ways to support the lack of market adjustments or to support them, and detail how to report the information from the 1004MC in the neighborhood section of the 1004 report. Fannie & Freddie expect us to know what our peers are doing. Let’s talk about it! Can we know about our peers if we’re not meeting and having open discussions?