Kansas City real estate and community news blog featuring Olathe and Overland Park, Kansas.
In an article in Inman News, the National Association of Realtors (NAR) calls for suspension of rules governing Fannie Mae and Freddie Mac loans. Why are they doing this? The real estate market has started to click real good and now their is an increasing problem of homes not appraising correctly.
Appraisers have been using distressed sales like short sales and foreclosures in completing appraisals. What NAR asked is that the regulators that oversee Fannie Mae and Freddie Mac to suspend the current appraisal rules for 18 months.
What do you think?
To read the complete article in Inman News, go to: http://www.inman.com/news/2009/06/26/appraisal-issue-coming-a-head
Blog post written by: the Dowell Taggart Team
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