Editor’s Note: Coast to coast appraisers are thinking: “I told you so.” Many predicted that unchecked lender pressure and other shenanigans during the refi-boom, sooner or later, would have its consequences. Some said it would be another Savings and Loan-type crisis, with taxpayers footing the bill- again. What we are in the midst of may…
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Report and Analysis: Readers Respond (Read Article) What Appraisers Say >> “Mr. Kantorovich (quoted in the first story) is accurate in his assessment of the Cuomo deal. Pressure on appraisers will not be eliminated but shifted from the brokers to the AMCs. Quality will suffer further as AMCs require an eight-hour turnaround time and they preset…
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Report and Analysis: Fannie/Freddie, Cuomo Agree to Appraiser Independence By David Brauner, Editor For appraisers, March came in like a lion. As winter turns to spring, appraisers have much to look forward to, as reported in the current issue of Working RE- Turning Tide? Appraiser Independence. Even with the shift to quality in the market…
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