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Freddie and Fannie Promise To Play Nice
New York Attorney General Andrew Cuomo has just wrapped up a year’s worth of investigating and now Fannie Mae and Freddie Mac have come forward as reformed lenders that will only deal with banks who will play nice.
Also, Fannie and Freddie not only made nice with Cuomo, but agreed to finance his reform […]
Home Appraisal Standards Stiffened
Fannie Mae and Freddie Mac, the home mortgage giants, said Monday that they would stop buying loans from lenders that do not use independent home appraisers, as part of an agreement with the attorney general of New York.
The shift, which will go into effect at the start of 2009, is expected to force large lenders […]