Mortgage lenders and their agents – an appraisal management company, for example – will need to ensure they are paying “customary and reasonable fees” to appraisers or suffer steep fines for violating the Dodd-Frank Wall Street Reform and Consumer Protection Act’s appraisal provisions, said the Appraisal Institute. Title XIV of the Dodd-Frank Act amends...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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