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WEDNESDAY, NOVEMBER 25, 2009
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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 ...

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