Tag Archive: James B. Lockhart

Appraisal Management Companies – Are there Foxes Running the Henhouse?

TweetStarting May 1st, third-party Appraisal Management Companies (AMCs) will be charged with eliminating pressure applied to appraisers by lenders – urging them to inflate housing values. Under the new Home Valuation Code of Conduct – drafted under the “supposed” watchful eye of James B. Lockhart (left), director of the Federal Housing Finance Agency, which oversees…