Mortgage bankers find fault with appraisal rules 

The Mortgage Bankers Association is calling on Fannie Mae and Freddie Mac to back out of agreements with New York Attorney General Andrew Cuomo that would create a code of conduct for home appraisals.

The agreements, also signed by federal regulators that oversee the government-sponsored enterprises, were intended to insulate appraisers from pressure to inflate home valuations.

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