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Exclusive: Banks' Appraisal Conflicts Could Continue Under New Rules

By Implode-Explode Heavy Industries

``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 the Charlotte-based BofA has simply assumed the same practices that branded Countrywide a financial predator.'' -- Original investigative article; click through for the whole piece.

Full post as published by Mortgage Lender Implode-o-Meter on May 28, 2009 (boomark / email).