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Glossary of Terms

Appraisal Independence Requirements (AIR)

The Appraiser Independence Requirements (AIR) were developed by Freddie Mac, the Federal Housing Finance Agency (FHFA), Fannie Mae and key industry participants. These requirements provide important protections for mortgage investors, home buyers and the housing market. More information can be reviewed here: singlefamily.fanniemae.com/media/4711/display.