Fannie, Freddie Reset Criteria for Mortgage Loans They’ll Buy
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| New York State Attorney General Andrew Cuomo dropped his inquiry of Fannie Mae and Freddie Mac after the two companies announced last Monday that they no longer will buy mortgage loans on which the home value appraisal is not independent. |
By Amy Wyeth
Fannie Mae and Freddie Mac will no longer buy mortgage loans on which the home value appraisal is not independent, the government-sponsored loan purchasers announced last Monday.
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