Automated Valuation Model

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Fannie Updates Appraisal Policies 

Jul 01, 2010By

Fannie Mae [stock FNM][/stock] updated its selling guide to provide additional appraisal-related guidance. The government-sponsored enterprise’s (GSE) post-purchase reviews of mortgage loan files identified issues with appraisals. The new policy clarifications address those issues. Fannie will now require interior photographs of specific rooms and areas of the house in the appraisal report.

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