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President Obama: Alternatives to appraisals to help borrowers; Appraisers respond
Thursday, July 26, 2012
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In his State of the Union address, President Obama laid out a Blueprint for an America Built to Last, calling for action to help responsible borrowers and support a housing market recovery. For the Valuation Review readership, the most interesting aspect to this falls under the President’s plan for how refinancing can benefit a borrower with a non-GSE loan. One of the steps in that plan is “eliminating appraisal costs for all borrowers.” 

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