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Tag : Andrew Cuomo

  1. June 17, 2009, 10:43 am

    ACCOUNTABILITY: Despite New Rules, Appraisers Say Pressure Remains

    It’s been more than six weeks since new rules went into effect to clean up systemic abuses in the home appraisal business, but don’t ask an appraiser if things have changed. Many say there’s still no reputable oversight of their industry and they still have no way to report violations. Read more

  2. April 22, 2009, 2:00 pm

    ACCOUNTABILITY: New Appraisal Rules Lack Enforcement

    Nine days before new rules radically changing the appraisal industry are set to take effect, appraisers, lenders and real estate agents are asking the same question — who will enforce them? Read more

  3. April 16, 2009, 1:20 pm

    ACCOUNTABILITY: Why is Andrew Cuomo Shielding Fannie and Freddie?

    In 2007, New York State Attorney General Andrew Cuomo set out to investigate whether Fannie Mae and Freddie Mac purchased home mortgages based on fraudulently inflated appraisals — and then issued those spiked loans as mortgage-backed securities sold to the public on Wall Street. Read more

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