Wednesday, May 23, 2012
Federal Reserve’s proposed home appraisal rules may not prevent inaccurate valuations
The rules would replace those imposed last year by Fannie Mae and Freddie Mac. Critics say they won’t lessen the system’s tilt toward cut-rate fees and short turnaround times.
You may have missed it, but the Federal Reserve proposed far-reaching new rules Oct. 18 that could affect home real estate appraisals — and millions of owners’ equity holdings — nationwide.
Read the original post on L.A. Times – Real Estate News
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