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Fannie Mae and Freddie Mac's new rules are raising appraisal costs, critics say

Larry O. Doss Wednesday, May 27, 2009

Fannie Mae and Freddie Mac’s new rules are raising appraisal costs, critics say

http://www.latimes.com/classified/realestate/news/la-fi-harney17-2009may17,0,5903005.story

The rules, intended to improve the accuracy of home valuations, push most large lenders to use third-party appraisal management companies.


Reporting from Washington -- How about this scenario the next time you refinance or apply for a mortgage: The real estate appraisal that used to cost you $325 now costs $450, even though the appraiser doing the work is getting only $175 or $200.
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