GSE Appraisal Deal With NY Attorney General Still in Limbo, But Standards Are Getting Tougher
December 18, 2008
The government-sponsored enterprises are moving to upgrade their appraisal requirements for loans delivered after April 1, 2009, but a controversial agreement with the New York attorney general to create new layers of appraisal bureaucracy and tough restrictions on lender use of affiliated appraisers is indefinitely on hold. “The GSE appraisal deal was supposed to go into effect in January,” said...