Fannie Taking Harder Line on Appraisals

Berry, Kate
July 2010
American Banker;7/2/2010, Vol. 175 Issue F325, p7
Trade Publication
The article reports that the U.S. government-sponsored enterprise Fannie Mae was changing its policies in an effort to improve the quality of property appraisals. As distressed sales have taken up a larger percentage of the real estate market, it has become more difficult for appraisers to find comparable sales prices without lowering home values. Fannie Mae requires a minimum of three comparable sales per appraisal.


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