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March 04, 2008
A Mortgage Fraud Solution
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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Comments
WHen do you think we will reach rock bottom and what can mortgage lenders do after this is all over?
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http://www.mysunsetmortgage.com
Posted by: mortgage lenders at September 1, 2008 03:18 AM
