Industry News

Lawmakers urged to stop appraiser coercion

Appraisers say state rules inconsistent, federal rules not enforced
Published on Jun 28, 2007

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by CareyBot

Unscrupulous lenders and mortgage brokers have “a totally free shot at the appraisal” because they are able to coerce appraisers in an “unregulated wilderness” where rules don’t exist or aren’t consistently enforced, a spokesman for appraisers told lawmakers this week. ...