OFHEO’s Demand for More Power for Monitoring Body Stalls Negotiations over GSE Appraiser Rules, Code Revisions
September 4, 2008
Talks about possible changes to new appraisal standards in a deal between Fannie Mae, Freddie Mac, the Office of Federal Housing Enterprise Oversight and New York Attorney General Andrew Cuomo have hit a brick wall as OFHEO reportedly insisted on more regulatory powers for the independent board that will implement and monitor the standards. Sources familiar with the negotiations said...