I want to thank everyone who responded to last week’s article about the new policy of Fannie Mae and Freddie Mac that will allow in many purchase transactions a waiver from obtaining an appraisal. I wanted to hear from you, both consumers and real estate agents, if you thought this was a good idea. The…

Buy a Home Without an Appraisal – A Good Idea? Both Fannie Mae and Freddie Mac announced that starting September 1st on certain purchase transactions, an appraisal is no longer required. Is this a good idea? That’s the subject of this week’s story. Technology has made some significant inroads into the mortgage industry over the…