Appraisal Fraud: Fannie Mae And Freddie Mac Sign Agreements To Combat Appraisal Fraud

Accurate, independent appraisals are very important to ensuring the safety and soundness of Fannie Mae, Freddie Mac and the mortgage market," said Director Lockhart. "These agreements build upon existing federal and state laws and regulations to further strengthen the single-family home appraisal process. The agreements should help restore confidence in the mortgage market by enhancing underwriting practices, reducing mortgage fraud and making home valuations more reliable. I thank the Attorney General, Fannie Mae and Freddie Mac for their strong roles in this important effort.

Appraisal Fraud: Fannie Mae And Freddie Mac Sign Agreements To Combat Appraisal Fraud