TITLE

NYAG, Fannie, Freddie, OFHEO agree to combat appraisal fraud

PUB. DATE
April 2008
SOURCE
Mortgage Banking;Apr2008, Vol. 68 Issue 7, p10
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the move of various institutions such as the New York State Attorney General (NYAG), Fannie Mae, Freddie Mac and the Office of the Federal Housing Enterprise Oversight (OFHEO) to come into an agreement which aims to combat appraisal fraud in the U.S. According to the article, the move is also intended to implement and monitor new appraisal standards. Among the provisions in the deal include eliminating broker-ordered appraisal as well as reducing its use.
ACCESSION #
31697621

 

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