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Loan Modification

: Mortgage Lender Implode-o-Meter

New age of appraisers defined in hefty Fed regulation

By Implode-Explode Heavy Industries

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"The Federal Reserve Board?s 132-page interim final rule regarding appraisal independence is effective April 1. The hefty rule implements the appraisal independence requirements of the Dodd-Frank Act, brings unwieldy changes for the appraisal industry and replaces the controversial Home Valuation Code of Conduct. It will require complete understanding, full implementation and total compliance by the appraisal industry."

Full post as published by Mortgage Lender Implode-o-Meter on February 17, 2011 (boomark / email).

Lawsuits and Settlements

Countrywide
Faces Class Action over Strong-Arm Tactics used to Intimidate Appraisers

KB Home and Countrywide Financial Corp.
allegedly conspired with appraisers to boost housing prices as the market crashed.

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