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Article: Fannie Mae and Freddie Mac to change definition of 'market value' for residential real estate.
- Article from:
- PR Newswire
- Article date:
- April 24, 1986
CopyrightCOPYRIGHT 1986 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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>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 ...