Thursday, November 08, 2007

Cuomo, WAMU and Fannie/Freddie (cont.)

I have it on reliable authority that Fannie/Freddie do in fact use automated valuation systems to place a reality check on appraisals. So Cuomo is grandstanding (and not for the first time). In the meanwhile, he may be doing genuine harm to the mortgage market when it is already crippled enough.

1 comment:

Mary Popins said...

Hello! I like your blog. How do you like financial institutions? Do you like that there is such an incredible amount of these companies? On the one hand it is great that you have a choice, but on the other hand it makes you feel lost in this large number of companies. If it is a problem of choice then ask a friend about the experience or go to www.pissedconsumer.com and read the customers’ feedbacks. Consider WAMU, for example.