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Posts Tagged ‘In-house Appraisal’
April 14, 2009 New Fannie Mae Rules to Prevent Inflated Appraisals
In February, Fannie Mae, the largest source of financing for U.S. home loans, announced that it will work to ban their use of in-house appraisals. An “in-house appraisal” means that the appraisal is conducted by brokers’ employees or by appraisers who are arranged by brokers. Appraisals will now need to be conducted by appraisers who [...]