The Real Deal Miami

Fannie could force lenders to drop in-house appraisers

February 28, 2008 12:42PM

Fannie Mae, the biggest buyer of home mortgages, could demand that
lenders that stop using in-house appraisers. The move comes after New
York Attorney General Andrew Cuomo included financiers Fannie Mae and
Freddie Mac in an investigation of inflated home values. Fannie reported a record $3.55 billion fourth-quarter loss that tripled analysts’ estimates.