The Appraisal Institute has developed a special seminar that goes over the November 14, 2008 release of the new Fannie Mae “Market Conditions Addendum to the Appraisal Report” (Form 1004MC). This new form will be required with all appraisals of one-to-four unit properties effective April 1, 2009. This seminar is intended for residential appraisers, review appraisers, investors, underwriters, and lender quality control staff. The focus of this presentation will be on researching, analyzing and reporting market conditions in the subject’s specific market. Also included in this material will be discussion of policy differences called for by Fannie Mae Announcement 08-30.