The World According To Fannie Mae: More Updates To Its Appraisal Policies

Fannie Mae has updated its appraisal policies. Most of the appraisal related issues are effective September 1st. Here's an overview.

Inclusion of interior photographs in the appraisal report.

On or after September 1st, interior photos of the following must be provided: kitchen; all bathrooms; main living area; examples of physical deterioration, if present; examples of recent updates, such as restoration, remodeling and renovation, if present. This falls into the category of "about time."

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