hf-implode.com - 29 days ago
—
" Could the controversial appraisal system imposed nationwide by mortgage giants Fannie Mae and Freddie Mac in May -- and now tied to lowball property valuations, busted home sale transactions and higher fees to consumers -- be on its way out?"
Home Appraisal
ritholtz.com 8/19/2009 — Two new articles — in the NYT and the WSJ — look at the home appraisal business:
Both article somewhat acknowledge the role appraisers played in facilitating the outsized run up in prices. Yet clearly, there are significant differences.
The Times ...
Home Appraisal: Learn Your Home Value from Bank of America
bankofamerica.com 11/3/2008 — Find My Home's Value Home Value Estimate Find your home value in an instant Estimate current or prospective home value by getting recent sales information for homes in your area. Enter the address of the property you'd like to check: ...
Exclusive: Banks' Appraisal Conflicts Could Continue Under New Rules
ml-implode.com 5/29/2009 — ``Outside industry experts on Bank of America's advisory council, speaking on the condition of anonymity, said they had hoped Countrywide's shady past would be cleaned up within a year of the new ownership. But nearly a year later, we've learned that ...
Mortgage Market Bound by Major U.S. Role
hf-implode.com 9/7/2009 — "In the go-go years of the U.S. housing boom, virtually anybody could get a few hundred thousand dollars to buy a home, and private lenders flooded the market, aggressively pursuing borrowers no matter their means or financial history. Now the pendulum has swung to the other extreme. "