UAD 3.6 is now an urgent priority. With the November 2 mandate approaching, lenders require immediate clarity. This month, we addressed these concerns directly with Fannie Mae.
In this issue: Market Watch examines resilient home prices alongside increasing foreclosure activity, and explores trends in rising rents and rental concessions. Also featured on ValuNation: UAD 3.6: A Data-Driven Dialogue with Fannie Mae, with insights from Ken DeFeo, Rachel Treadwell, and Shawn Thompson.
You will also find a community request supporting David Kramer’s search for a living kidney donor, July anniversaries, and information on our upcoming events.
The newest episode of ValuNation is now available: UAD 3.6: A Data-Driven Dialogue with Fannie Mae. Rachel Treadwell, Chief Valuations Officer at Nationwide Property & Appraisal Services, and Shawn Thompson, Account Executive, sit down with Ken DeFeo, Senior Manager of Collateral Risk at Fannie Mae, to answer the questions our lending partners have been asking most.
The conversation covers practical readiness topics lenders are working through now, including lender-specific commentary in the new structure, common warnings and submission hygiene, how 2.6 versus 3.6 updates and completions work as the November 2 mandate approaches, ordering by property type and scope of work, and where underwriters should focus as they learn the new data-driven report. Ken also reinforces a clear message for the industry: start ordering in 3.6 now, because the mandate date is not going to move.
If your processors, underwriters, appraisal desk, or referral partners still have questions, this episode is built for them. Practical answers, straight from a Fannie Mae source, at a pace they can listen to on their schedule.
For FAQs, readiness guidance, timeline details, and collaboration resources, visit our UAD 3.6 Resource Center. Nationwide is ready to support your team through the transition.
Watch the full episode now on YouTube or listen on your preferred podcast platform.
National home prices and foreclosure activity are telling two different stories at once, and that tension is the real market signal this month.
On one side, home values remain supported. Fannie Mae’s Home Price Index reports single-family prices up 3.2% year over year in the second quarter, with seasonally adjusted quarterly growth of 0.5%. This resilience helps borrowers stay current, as equity provides a buffer.
However, underlying distress is increasing. ATTOM’s Mid-Year 2026 U.S. Foreclosure Market Report found 227,548 properties with a foreclosure filing in the first half of the year, up 21% from a year earlier. Foreclosure starts rose 18%, and completed foreclosures increased 33%. More cases are both entering and completing the process.
The data points to an uneven market. National averages may seem stable, but local stress, loan vintage, and servicing pipelines reveal different trends. Rising foreclosure completions shorten the time available for action. As files near completion, the window for loss mitigation, accurate valuation, and efficient disposition narrows, while holding costs increase.
For lenders and servicers, precision is essential. Some portfolio segments benefit from home-price strength, while others face increased defaults. Accurate valuations and early intervention are critical.
Learn how early intervention, timely valuations, and integrated loss-mitigation strategies can reduce loss severity and improve asset recovery efficiency.
(Sources: Fannie Mae Home Price Index; ATTOM Mid-Year 2026 U.S. Foreclosure Market Report)
(Sources:
Fannie Mae Home Price Index;
ATTOM Mid-Year 2026 U.S. Foreclosure Market Report
)
Explore the 2026 Foreclosure Landscape
Listed rent prices are rising, yet many renters still have room to negotiate. June data explains how both trends can occur simultaneously.
According to Zillow’s June report, the typical U.S. asking rent reached $1,965, a 2.2% year-over-year increase. Meanwhile, 39.7% of Zillow listings included a concession, up from 35.2% last year. Incentives such as free rent and waived fees continue to reduce the effective cost of occupancy, particularly in markets with significant new apartment supply. Single-family rents increased at roughly twice the rate of multifamily rents, highlighting the diversity within the rental market.
This situation highlights the connection between renting and buying. As rental inventory grows, renters have more options, while elevated home prices encourage more people to stay in the rental market. Consequently, it is possible for both demand and concessions to increase at the same time: there are enough renters to absorb available units, and in some markets, sufficient supply to maintain incentives.
NAR’s June existing-home sales report reinforces that purchase-side pressure. Existing-home sales slipped 2.4% from May but remained 2.8% higher than a year ago, and the median price reached a record $440,600. Although the Housing Affordability Index improved from 95.5 to 102.3, higher affordability does not offset record prices. For many households, renting with concessions remains a more practical option than buying at current levels.
With asking rents, concessions, and purchase pressure moving in different directions, lenders and investors require more than national averages to assess income potential. They need property-specific performance data for both long-term and short-term rental scenarios before making decisions.
RentIQ™ addresses this need by combining MLS long-term comparables with AirDNA™ short-term data in a single, client-ready report. This approach provides partners with a clearer view of rental potential at the property level, where meaningful differences emerge.
(Source: Zillow June 2026 Rental Report; National Association of REALTORS® June Existing-Home Sales Report)
(Source:
Zillow June 2026 Rental Report
;
National Association of REALTORS® June Existing-Home Sales Report
Download a RentIQ™ Sample Report
Supporting David Kramer
This month, we want to take a moment to share something personal from our community.
David Kramer, a dear friend to many in our industry, recently shared a different kind of message. Just over a year ago, his kidneys failed. Today, he is on peritoneal dialysis every day while searching for a living kidney donor. More than 37 million Americans are living with chronic kidney disease, and many do not know they have it until it is advanced. David is asking our industry network for two things: help spreading awareness, and help finding the one person who may be able to save his life.
If you are open to learning more about becoming a living kidney donor, or if you can simply share his story with your network, it could make a meaningful difference. Please visit kidneyfordavid.com to read his full story and see how you can help, and share David’s LinkedIn post so it reaches more people who may be able to support him.
FAMP 2026 Annual Covention | August 5-7 | Orlando, FL
2026 Western Secondary Market Conference | August 10-12| Palos Verdes, CA
Valuation Expo | August 16-19 | Las Vegas, NV
Five Star Conference & Expo | September 1-3| Dallas, TX
IMN's HELOCs & Second Liens | September 14 - 15 | Austin, TX
ARROW | September 28 - 30 | Clearwater, FL
We are proud to recognize the following team members celebrating work anniversaries with Nationwide. Thank you for the experience, dedication, and consistency you bring to our team.
20 Years
Carlyle Holt, SVP, Commercial Division
16 Years
Matthew Cantin, QC Analyst/Revisions
14 Years
Marianne Colavita, Team Lead - Corrections
12 Years
Marshall Brownstein, VP of Quality Control
Gene Shibata, REO/Val Business Analyst
11 Years
Albert Gau, Software Engineer
10 Years
Susie Baker, Manager, Customer Service
9 Years
Thomas Mascoli, Software Automation Engineer
5 Years
Paula Dailey, Customer Service Analyst
4 Years
Bradley Larson, Staff Appraiser
Richard McDaniel, Staff Appraiser
Ethan Lambert, Staff Appraiser
3 Years
Kody Kubosh, Staff Appraiser
1 Year
Harley Murray, Client Coordinator
Darlene Rodgers, Quality Control Analyst/Review
Fraser Orr, Sr., Software Engineer
