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Home » Declining Market Prompts Fannie Mae to Remind Lenders to Evaluate Mortgage Collateral Objectively
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Declining Market Prompts Fannie Mae to Remind Lenders to Evaluate Mortgage Collateral Objectively

July 19, 2007
Fannie Mae late last week urged sellers to be objective in assessing property values in declining housing markets. “It is acceptable, and expected, that a lender will deliver mortgage loans to Fannie Mae that are secured by properties located in declining markets...
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