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Refinancing mortgage? Maybe you don’t need that appraisal after all

This move by Fannie Mae and Freddie Mac guarantees inflated appraisals and will only make the real estate bubble even larger than it actually is.

Livinglies's Weblog

Editor’s Note:  The Fed is doing everything in its power to maintain the real estate bubble in order to maintain demand- by lowering credit score requirements, offering lower down payments (1 to 3%), and now removing the lender’s responsibility for home valuations.  What could go wrong?

http://www.miamiherald.com/news/business/real-estate-news/article157002859.html

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