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Fannie Mae New Requirements

Fannie Mae is requiring that interior photographs of specific rooms and areas be included in appraisal reports whenever an interior inspection is performed effective 09/01/2010.

The minimum requirements for the interior photographs are described in the topic noted below.

Updated Selling Guide Topic B4-1.2-06, Appraisal Forms and Report Exhibits

Download Fannie SEL 2010-09 06.30.2010 released on June 30, 2010 requires that on all interior appraisals contain at a minimum the following photos:

  • kitchen(s);
  • all bathrooms;
  • main living area;
  • examples of physical deterioration, if present; and
  • examples of recent updates, such as restoration, remodeling, and renovation, if present