Appraisers shunning FHA work

"New rules governing appraisals on loans slated for purchase by Fannie Mae and Freddie Mac are also affecting valuations conducted for loans guaranteed by the Federal Housing Administration, trade groups representing appraisers say...

Many experienced appraisers are declining FHA assignments from appraisal management companies, the groups said in a letter to Housing Secretary Shuan Donovan, because of another policy adopted more than a decade ago that limits how much appraisal management companies can charge."