Common Contracts
2 similar Cooperation Agreement contracts
To: All Fannie Mae Single-Family Mortgage Sellers Subject: Lender Letter 01-08: Home Valuation Code of Conduct Comment PeriodCooperation Agreement • November 6th, 2020
On March 3, 2008, Fannie Mae entered into an agreement (the “Agreement”) with the New York State Attorney General and one of our regulators, the Office of Federal Housing Enterprise Oversight (OFHEO), to enhance appraisal practices. As part of the Agreement, Fannie Mae agreed to adopt a Home Valuation Code of Conduct (the “Code”) created by the Attorney General’s Office and OFHEO. The Code was developed to help reinforce the independence of appraisers as well as to enhance the overall integrity of and confidence in the national housing finance system.
COOPERATION AGREEMENTCooperation Agreement • March 3rd, 2008
WHEREAS, the New York Attorney General’s Office (the “Attorney General’s Office” or the “Office”) has been conducting an investigation into conflicts of interest, fraud and other misconduct in the mortgage industry. As part of its investigation, the Attorney General’s Office has studied the business models and conduct of entities, including but not limited to Federal National Mortgage Association (“Fannie Mae”) and Federal Home Loan Mortgage Corporation (“Freddie Mac”), that purchase mortgage loans, and then, after pooling the loans, sell them as securities to the public; and,
