Over a decade after the 2008 financial crisis, the prevalence of predatory lenders continues to plague the U.S. marketplace. Generally speaking, appraisers are not predatory. They do not create predatory lending and fraud schemes. And in the vast majority of cases, they do not share in the profits of those who do. However, appraisers do play a role in predatory …
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There are no simple and easy ways to deal with appraisal pressure. A major source of frustration for appraisers is the realization that clients do not have to follow USPAP. The ethical and performance requirements of USPAP apply only to appraisers, not to clients. In other words, USPAP doesn’t prohibit a mortgage broker from calling and asking you to develop …
Read More »A Sacramento grand jury charged three people allegedly connected to a more than $7 million mortgage fraud scheme across California. Click through to read more. The post When Mortgage Fraud Hits Home appeared first on DSNews.
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