Article: Fannie Mae and Freddie Mac to change definition of 'market value' for residential real estate.

>R F % TO BUSINESS DESK:

NEWS ADVISORY: FANNIE MAE TO ANNOUNCE CHANGE IN DEFINITION

OF 'MARKET VALUE' FOR RESIDENTIAL REAL ESTATE

The Federal National Mortgage Association (NYSE: FNM) and the Federal Home Loan Mortgage Corp. today announced that the two corporations have changed their definition of market value of residential real estate property.

Fannie Mae and Freddie Mac have worked jointly for the past several months to establish the new definition. Details of the announcement are included in a news ...

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