GSEs Being Forced to Investigate Lender Appraisal Practices As Turf War Between OFHEO and New York A.G. Looms
November 15, 2007
The bar for lender appraisal practices is going up, as Fannie Mae and Freddie Mac last week agreed to a demand by New York Attorney General Andrew Cuomo to appoint an independent examiner to audit loans purchased from Washington Mutual. Last week, Cuomo’s office...