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OCC’s Dugan Calls for Withdrawal of Appraisal Pact

May 27, 2008By

In the clearest challenge yet to a proposed appraisal management agreement reached in March by New York attorney general Andrew Cuomo and home finance giants Fannie Mae [stock FNM][/stock] and Freddie Mac [stock FRE][/stock], Comptroller of the Currency John Dugan has sent a letter calling on Office of Federal Housing Enterprise Oversight director James Lockhart withdraw the appraisal pact.

3d rendering of a row of luxury townhouses along a street

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