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An a move to “clean up the mortgage mess” Fannie and Freddie will require tougher standards for appraisers - most notably the mortgage broker can no longer hire the appraiser
Fannie and Freddie agreed to a new code that would govern appraisal selection, compensation, conflict of interest and other issues. Under the code, mortgage brokers […]

Filed under: Appraisers, Fannie Mae, Freddie Mac, Mortgage Recovery, Sub-prime Meltdown | Comments Off

Freddie Mac is in need of more capital while Countrywide Financial Corp. says it is liquid. And problems at Option One Mortgage Corp., which could soon be shut down, led to yet another executive casualty.
Freddie announced today several actions to help shore up capital in response to a $2 billion third quarter loss. It has […]

Filed under: Freddie Mac | No Comments