Industry News:
A recent letter addressed to both the
Chairman and ranking member of the “Committee on Banking, Housing and Urban
Affairs” detailed the appraiser industry’s concern with Fannie Mae and Freddie
Mac issuing appraisal waivers. Thirty-six professional groups and
agencies signed the petition asking the Senate Committee to halt the waivers until
the sponsoring organizations can “demonstrate that the proposed program does
not harm the consumer, is properly monitored, and integrates proper safeguards
to prevent fraud.”
Check out a copy of the letter at:
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