Fannie Mae no longer has 5% value reductions in decling markets!! This is great news! Has anyone been limited

Asked by , Fri May 16, 2008

due to the reduction?

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Brent Bester, , Columbus, OH
Tue May 20, 2008
I read an Fannie Mae issued statement it's in ohio too! Didn't know this. Good Question!!
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Debt Free Da…, , 85260
Mon May 19, 2008
Is that for Arizona as well? If so that would be great.
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Pam Winterba…, Agent, Danville, VA
Fri May 16, 2008
They are still doing reductions here in California.
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Brent Bester, , Columbus, OH
Fri May 16, 2008
Not myself, but I havent been in this situation recently. I've realized though the so called "declining markets" have been changing frequently through banks and other evaluators? You?

At one point in time some of the prime places around where I lived which is an excellent area were considered declining markets by banks and evaluation companies! I was shocked....that is great news though...... an appraisal is an opinion at the end of the day.

Brent Bester
Mortgage Professional
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