Fannie Mae approves six vendors for controversial new valuation initiative
Briefly

Fannie Mae has approved six firms to handle its new valuation initiative, which cuts traditional appraisers out of the process and potentially represents the biggest shift in the valuation space in years.last Wednesday updated its Selling Guide to include more options for property valuations, saying that the GSE is "moving away from implying that an appraisal is a default requirement."
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