Industry NewsMortgage

New rules for Fannie, Freddie appraisals

Vendor says many lenders not ready for Friday's deadline
Published on Apr 29, 2009

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by CareyBot

Many lenders aren't prepared to comply with new rules going into effect Friday governing appraisals on loans to be purchased by Fannie Mae and Freddie Mac, according to a company that offers software for managing the appraisal process.