HUD Secretary Andrew Cuomo last week announced measures mandating stricter appraisals for Federal Housing Administration loans.

HUD took a number of steps: FHA appraisers will be required to pass tests; the appraisal itself will be expanded; any home defects must be disclosed to the potential homeowner; appraisals will be evaluated through an automated process; poorly performing appraisers will be subjected to stricter supervision and surer suspensions.

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