"Assurance that valuations will be free from influence or pressure is among changes contained in a settlement involving Fannie Mae and Freddie Mac.
WASHINGTON -- Property appraisers have been warning about it for a decade, and the real estate market is reaping the whirlwind: The price declines underway around the country are partly the result of systemic, intentional overvaluations on home appraisals -- much at the behest of loan officers influencing or threatening appraisers so they will "hit the number" needed to close the deal.
" (2008-3-16)
March 15, 2008
Change in the property appraisal system is afoot
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