Skip to: Content
Skip to: Site Navigation
Skip to: Search
SUNDAY, NOVEMBER 8, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

PREMIUM NEWS ARCHIVE

NYAG, Fannie, Freddie, OFHEO agree to combat appraisal fraud.(Briefing Book)(New York State attorney general Fannie Mae and Freddie Mac, Office of Federal Housing Enterprise Oversight agree to combat appraisal fraud)

Article from: Mortgage Banking Article date: April 1, 2008

The New York State attorney general (NYAG), the nation's largest two government-sponsored enterprises (GSEs) and the GSEs' federal regulator announced in March an agreement designed to combat appraisal fraud and strengthen the independence of the appraisal process.

The pact by New York Attorney General Andrew Cuomo (D), Fannie Mae and Freddie Mac, and the Office of Federal Housing Enterprise Oversight (OFHEO) calls for the two GSEs to only buy loans from banks that meet new standards designed to ensure appraisal ...

Read full article   (with a Free Trial at HighBeam Research)
Newser gathers stories from across the web and packs what you need to know into about 120 words. Check out these stories related to your search.
Visit our grid for the latest news.

Related Newser Stories

Fannie Mae
Posts Stunning
Losses

Lender bled $29B last quarter, dwarfing total bubble gains

Nov 10, 08 5:00 PM CST
(Newser) - Fannie Mae lost more in the third quarter of this year than it gained from soaring house prices between all of 2002 and 2006, the New York Times reports. The massive $29 billion loss, mainly from asset writedowns, means the company may need more than the $100 billion pledged from... More »

MORE ABOUT:
housing market • mortgage • Freddie Mac • Fannie Mae • writedowns

Watchdog: Feds Need to Expand Foreclosure Plan

$50B plan proving ineffective as more mortgage holders lose their jobs

Oct 10, 09 5:00 AM CDT
(Newser) - The Treasury's $50 billion loan-modification program is in danger of being swamped as the foreclosure crisis accelerates, the Congressional Oversight Panel said in a report yesterday. The Home Affordable Modification Program has met its target of 500,000 trial mortgage modifications started by November 1, but the watchdog warned that... More »

MORE ABOUT:
housing market • subprime mortgages • foreclosure • mortgage • subprime crisis • negative equity • Obama administration • TARP • mortgage modification • underwater mortgage • Home Affordable Modification Program

The Next Mortgage Lender Bailout: The FHA

Critics think fallback agency will need a rescue in next couple of years

Oct 9, 09 8:38 AM CDT
(Newser) - Another mortgage lender specializing in low income borrowers is in trouble: the Federal Housing Administration. The agency which oversees Fannie Mae and Freddie Mac could soon share their fate, as borrowers default on the low-downpayment mortgages it insures, critics told a House subcommittee yesterday. “It appears destined for a... More »

MORE ABOUT:
mortgage • Freddie Mac • Fannie Mae • Federal Housing Administration • mortgage backed securities • mortgage insurance

MARKETS

 Rally Loses Steam; Dow Off 32 

Freddie Mac sees shares rise 122% on earnings

Aug 10, 09 3:26 PM CDT
(Newser) - Stocks wavered on the heels of last week’s rally, closing slightly lower as investors wait for comments from the Fed, the Wall Street Journal reports. Federal Reserve policy makers will conclude a 2-day meeting on Wednesday and perhaps issue a new assessment of the economic recovery. Despite a broad... More »

MORE ABOUT:
Federal Reserve • Dow Jones • Nasdaq • Freddie Mac • Fannie Mae • S&P 500