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March 04, 2008
A Mortgage Fraud Solution
A look at appraisers, mortgage brokers, and fraud.
Fannie Mae and Freddie Mac have entered into cooperation agreements with New York’s attorney general to only purchase loans that meet a new home valuation protection code, the state announced. The code is effected on Jan. 1, 2009. Under the new code, mortgage brokers and loan originators are prohibited from choosing or communicating with appraisers.
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Posted on March 4, 2008 09:39 AM by Mortga104.
Filed in Mortgage Calculator under mortgage brokers.
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