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The Office of Inspector General for the Federal Housing Finance Agency released a report claiming that pre-foreclosure inspections for Fannie Mae and Freddie Mac showed major quality control issues, including potentially fraudulent or manipulated data, HousingWire reported March 25.
Fannie Mae released new guidelines for appraising rural properties March 25, and at the same time clarified its policy on using appraisal management companies. In releasing the guidelines, Fannie noted that it recognizes how properties in low-population areas can present appraisers with special challenges.
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