Selling Guide

Published June 3, 2020

The Selling Guide is organized into parts that reflect how lenders generally categorize various aspects of their business relationship with Fannie Mae. To begin browsing, select from any of the sections below. You may also download the entire Selling Guide in PDF format.

View All Selling Policy Updates

Download PDF

Hint: Ask in a form of a question.

For best results, pose your search like a question.

Does an exterior-only appraisal have to include subject property and comparable sales photos?

Note: This FAQ comes from the published COVID-19, FAQs on Appraisals

Does an appraisal report have to include subject property and comparable sales photos when the report is an exterior-only appraisal assignment? 

An exterior only appraisal must include a front photograph of the subject on a subject photo page. The appraiser may use photos obtained from credible and reliable sources to represent the subject and comparables used on the appraisal. Although not required the presence of a comparable photos page, with images, may be necessary to allow the appraisal report to pass automated review systems.

For more information, refer to the published Lender Letter LL-2020-04, Impact of COVID-19 on Appraisals.

Have You Tried Ask Poli?

Poli knows. Just ask.

Ask Poli features exclusive Q&As and
more—plus official Selling & Servicing
Guide
content.

Try Ask Poli

Related Articles

COVID-19 FAQs: Appraisals (07/01/2020)

COVID-19 FAQs Selling - AppraisalsLast Updated: July 1, 2020In response to the COVID-19 national emergency, Fannie Mae and Freddie Mac have...

Read more

May an appraisal report include photos or other information provided by the borrower or owner during the pandemic?

Note: This FAQ comes from the published COVID-19, FAQs on Appraisals.  May a desktop or exterior only inspection appraisal report completed...

Read more

How will the appraiser be able to obtain subject photos for a desktop appraisal report during the pandemic? 

Note: This FAQ comes from the published COVID-19, FAQs on Appraisals.  How will the appraiser be able to obtain subject photos for a desktop...

Read more

Have guide questions? Get answers to all of your policy questions, straight from the source.

Get Started
X
Having Issues with Seeing this Page Correctly?

Use Firefox or Chrome   How to do a hard refresh in Internet Explorer
We recommend that you use the latest version of FireFox or Chrome.

Download Firefox
Download Chrome
  A hard refresh will clear the browsers cache for a specific page and force the most recent version of a page.
    Hold the Ctrl key and press the F5 key.
     

Email Us
If you still have Technical Support questions, feel free to emailAsk_Poli@fanniemae.com.