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Home / New York Dem AG Cuomo Nearing Deal With Fannie, FreddieNew York Dem AG Cuomo Nearing Deal With Fannie, Freddie
Last Updated on Tuesday, 26 February 2008 10:48 Written by rslcpol Tuesday, 26 February 2008 10:48
BOSTON (MarketWatch) — New York Attorney General Andrew Cuomo is working on a deal with mortgage giants Fannie Mae and Freddie Mac that would call for their lending partners to have independent home appraisals, according to published reports Tuesday.
Under the agreement being hashed out, home appraisals would be required to be performed by assessors that don’t have connections with a lender or mortgage broker, Reuters reported, citing sources familiar with the matter. The deal could be completed as soon as Tuesday, according to the report.
This entry was posted on Tuesday, February 26th, 2008 at 10:48 am and is filed under Attorney General News.
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