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Mon May 21, 2012
New York Attorney General Andrew Cuomo may be close to brokering a deal with the nation’s two largest government-sponsored enterprises, Fannie Mae and Freddie Mac, in which the companies would be required to partner only with lenders and brokers who utilize independent appraisal platforms, Reuters news agency reported Tuesday.
Citing sources close to the discussions, Reuters says, if the settlement is reached, mortgage companies working with Fannie Mae and Freddie Mac would have to ensure they do not utilize in-house appraisers or platforms with formal ties to the company.
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