Regulators Relent on Stringent GSE Appraiser Reform Proposal
January 5, 2009
Mortgage lenders won a major concession last week under a revised appraisal code agreement between the New York Attorney General’s Office, the Federal Housing Finance Agency, Fannie Mae and Freddie Mac. Under the terms of the revised agreement, lenders will still be able to use their own appraisers, either in-house or through affiliates, provided they erect firewalls between the loan...