In the original version of the home-valuation standards that Fannie Mae and Freddie Mac agreed to adopt under a March deal with New York Attorney General Andrew Cuomo, lenders faced sweeping change, including a requirement that they divest themselves of appraisal-management subsidiaries.

As revised, the effective mandate will be quite different.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.