Regulator faults Cuomo in N.Y.
- Share via
From Times Wire Services
The federal regulator who oversees Fannie Mae and Freddie Mac accused New York’s attorney general of overstating risks the mortgage finance companies face from faulty home appraisals.
James B. Lockhart, director of the Office of Federal Housing Enterprise Oversight, sent a letter to Atty. Gen. Andrew Cuomo a day after he subpoenaed government-sponsored Fannie and Freddie in a probe of inflated appraisals.
Lockhart objected to what he called Cuomo’s demand that Fannie Mae and Freddie Mac restrict their business with a bank.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
