Fannie And Freddie Agree To New Set Of Loan Standards

Date March 9, 2008

Fannie Mae and Freddie Mac, along with the Office of Federal Housing Enterprise Oversight (OFHEO), have agreed to form an independent organization to launch and monitor a new set of loan appraisal standards in an effort to reduce the risk of fraud, among other issues.
The "New Home Valuation Protection Code" establishes new requirements governing appraisal [...]

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