Effective January 1, 2009, Fannie Mae and Freddie Mac will buy loans only if they meet more stringent appraisal standards. The purpose of the rule change is to better ensure that loans are being appraised by reliable and independent appraisers. (more…)
Posts Tagged ‘loans’
Notice: New Fannie Mae/Freddie Mac Appraisal Standards
Friday, August 28th, 2009New Kentucky “Predatory Lending” Law for Consumer Loans
Tuesday, July 28th, 2009Due to the distress in the financial and housing markets, Kentucky amended its “high-cost home loan” law to address predatory lending concerns.