Great news on Fannie Mae New Construction! If there are no closed comps available in the subdivision, Fannie will allow two pending sales instead of one closed comp.
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Rule Synopsis: [tweet-start]Fannie updates new construction appraisal requirements by allowing two pending sales to be used as comp. Details – Call me![tweet-end] Fannie Mae is updating their selling guide for a variety of topics. This article will focus primarily on the topics that benefit originators. The updates announced in this Selling Guide Announcement are: Comparables […]