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Fannie Mae Addresses Appraisal Concerns

On June 30, 2010 Fannie Mae issued announcement SEL-2010-09, "Selling Guide Updates and Additional Guidance on Appraisal-Related Policies."

The new requirements and clarifications resulted from "Fannie Mae's post-purchase reviews of mortgage loan files [that] have identified issues with appraisals."

Read More: http://bit.ly/9ByYa6

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