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Latest Updates Regarding Landmark Cuomo/Fannie/Freddie Agreement
Check back often for the latest updates pertaining to the March 3, 2008, agreement between Fannie Mae/Freddie Mac, New York Attorney General Andrew Cuomo, and the Office of Federal Housing Enterprise Oversight (OFHEO).
Fact Sheet
Review the key provisions of the agreement:
Download the Fact Sheet 
Announcement for Comments
Freddie Mac Seeks Mortgage Industry Comments on New Appraisal Code of Conduct
Fannie Mae Announces Comment Period Through April 30, 2008 (Recently added)
OFHEO to Review Comments on Enterprise Appraisal Code (Recently added)
Copies of Agreements
Fannie Mae Agreement
Freddie Mac Agreement
Home Valuation Code of Conduct
Appraisal Industry Response
Here is the response of the Appraisal Industry to Attorney General Cuomo regarding his agreement with Fannie Mae/Freddie Mac:
Appraisal Industry Letter
Comment Letters from Other Organizations
Alabama Real Estate Appraisers Board's Letter of No Confidence
American Bankers Association's Comment Letter to Fannie Mae/Freddie Mac
The Appraisal Foundation's Comment Letter to Freddie Mac
Mortgage Bankers Association's Comment Letter to OFHEO/Fannie Mae/Freddie Mac
NAHB's Comment Letter to Freddie Mac
NAHB's Comment Letter to Freddie Mac
National Association of REALTORS' Comment Letter to Fannie Mae
North Carolina Appraisal Board's Comment Letter
Comments
The Appraisal Institute is seeking your comments on the agreement between Fannie Mae/Freddie Mac and Attorney General Cuomo. Please send all comments to this email address: appraisalcomments@appraisalinstitute.org.
We will read through each comment and use this in crafting our response to this agreement. The deadline for sending comments to us is March 31, 2008.
If you would like to forward comments directly to Fannie Mae, Freddie Mac and/or OFHEO, please refer to the links below:
Fannie Mae
Freddie Mac
OFHEO
Cuomo Press Conferences
Here is a link to the Attorney General Cuomo’s Press Conference:
Press Conference and Press Release
Other Related News
Mortgage Bankers Association (MBA) Publishes Summary of NY-OFHEO-Fannie-Freddie Appraisal Settlement
Kanjorski Commends Cuomo on Appraisal Agreement
NYAG Leapfrogs Feds in Targeting Appraisals
NAMB Issues Statement on Mortgage Appraisal Agreement
American Bankers Association's Letter to Cuomo/Fannie Mae/Freddie Mac/OFHEO
Fannie Mae Votes Lender-Captive AMCs off the Island (TAVMA Article)
ASA Applauds Actions of New York Attorney General To Ensure Appraiser Independence, but Suggests Changes to Agreement
Zaio Applauds Landmark Agreement
Zaio CEO's Letter to NY Attorney General Andrew Cuomo
FNC Platforms Ensure Lenders Comply with New Fannie/Freddie Guidelines
OFHEO, NY Attorney General, Fannie Mae and Freddie Mac Sign Agreements to Combat Appraisal Fraud
Statement of Robert E. Bostrom, Freddie Mac Executive Vice President and General Counsel, on the Appraisal
Standards Agreement with New York Attorney General and OFHEO
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