Channel Rental Home

May 28, 2008

Regulator opposes appraisal pact

Posted by Associated Press @ 4:00 am

WASHINGTON - The regulator who oversees national banks is protesting an agreement by Fannie Mae and Freddie Mac to stop buying mortgages that use lenders' in-house appraisers, a pact intended to protect buyers from fraudulently inflated home prices.

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