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Fannie, Freddie OK Appraisal Deal

New code will discourage inflated appraisals for home mortgages

By Jim O'Neill, Newser User

Posted Mar 4, 2008 8:20 AM CST

(Newser) – The nation’s two largest backers of home loans have reached a deal with New York Attorney General Andrew Cuomo that could help eliminate inflated mortgage appraisals, the Wall Street Journal reports. Fannie Mae and Freddie Mac have agreed to buy mortgages only from banks... Read full story »

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Fannie, Freddie OK Appraisal Deal

New code will discourage inflated appraisals for home mortgages

housing market • Freddie Mac • Andrew Cuomo • Fannie Mae • appraisals • subprime crisis

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More Newser Stories

Treasury May Lower Mortgage Rates to 4.5%

Rates could go as low as 4.5% to curb falling home prices

Depression-Era FHA Tries to Save Mortgages

Long-sidelined agency now a central player in the credit crisis

SEC Probes WaMu Home Loans

Investigators focus on charges that appraisals were inflated

$26B Mortgage Settlement a 'Modest' Help: Experts

Many struggling homeowners not covered in deal

Fannie Mae Needs Another $7.8B

Taxpayer bill for mortgage firm's rescue now $94B

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