Fannie Mae Will Waive Appraisals on Some Refinance Loans
San Francisco Chronicle, Dec. 10, 2016–Pender, Kathleen
Thanks to a program that started Saturday, some homeowners won’t have to pay or wait for an appraisal on certain refinance loans backed by Fannie Mae. “Some markets have a very acute appraiser shortage,” said Mortgage Bankers Association Regulatory Assistant Matt Jones. “It could take a month or two months to get an appraisal.”
