Ohio charges 10 companies with pressuring appraisers Premium Content

Appraisal requests included estimated values

Inman News®

Ohio's attorney general has filed complaints against nine mortgage brokers and lenders who allegedly tried to pressure appraisers into making inflated valuations in violation of the state's new anti-predatory-lending law.

In nine separate lawsuits, the state charges that mortgage brokers and lenders provided appraisers with estimated values when requesting valuations, in some cases urging them not to carry out an appraisal if the estimates could not be validated.

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