Fannie could force lenders to drop in-house appraisers

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.