Does one-mile radius of comps in appraisals still apply

Does one-mile radius of comps in appraisals still apply in 2016?

Sourced through Scoop.it from: activerain.com

Does one-mile radius of comps in appraisals still apply in 2016? 

ANSWER: I would strongly recommend watching Fannie Mae’s CU video on comp selection.  I’ve attempted to provide actual Fannie Mae references to help answer this concern. 

http://activerain.com/blogsview/4811305/does-one-mile-radius-of-comps-in-appraisals-still-apply-in-2016-