On Jan. 9, Fannie Mae and Freddie Mac announced revisions to their Home Valuation Code of Conduct. Starting on May 1, lenders that want to sell their loans to the two industry behemoths must follow new guidelines. Mortgage brokers and Realtors, for example, will not be allowed to choose appraisers.
Read the full story: http://www.floridarealtors.org/NewsAndEvents/n1-011909.cfm
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