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timurjin [86]
1 year ago
9

If fannie mae receives an appraisal report that they believe to be fraudulent, what are they most likely to do?

Social Studies
1 answer:
Otrada [13]1 year ago
4 0

If Fannie Mae receives an appraisal report that they believe to be fraudulent, it is most likely to refer the matter to the appropriate state enforcement agency.

Fannie Mae is a market chief for financing multifamily properties. Our Multifamily business works to ensure that get admission to less costly and body of workers rental housing is to be had in all markets throughout the country. The cornerstone of our Multifamily commercial enterprise is our Delegated Underwriting and Servicing® (DUS®) program.

The key comparisons of the loans are that an FHA mortgage has a decreased credit score requirement that is lower to qualify and a 3.5 percent down payment which can be less than a Fannie Mae mortgage. The Fannie Mae loan has a better credit rating requirement at 620 to 640 that's higher than the FHA loan.

The appraiser will assess the general condition of the home, the age of the house, the area of the house, lot size, square photos, a wide variety of bedrooms and bathrooms, major structural enhancements like remodels and additions, and any additional capabilities, inclusive of an in-ground swimming pool.

Learn more about Fannie Mae here brainly.com/question/15867124

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