Starting 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 Fannie [...]
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Tag Archive: Washington Mutual
Appraisal Management Companies – Are there Foxes Running the Henhouse?
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