Andrew Cuomo cut a deal with the GSE’s to require independent appraisers, and since the GSE’s buy up and resell about 70% of the mortgages out there, this is thankfully going to become the norm.

CNN Money is now warning that independent appraisers will end up increasing mortgage fees, particularly since now each lender needs a separate appraisal.

The financial press is very big on showing these costs, but they are still far less than the costs that are currently being incurred by all of us as a result of the housing bubble.