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Loan Modification

: Mortgage Lender Implode-o-Meter

House Members Look to Eliminate HVCC, Change Appraisal Process

By Implode-Explode Heavy Industries

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"?As intended, the Code has improved the independence of appraisers ? reducing opportunities for fraud, protecting consumers in the mortgage process and providing greater confidence to the investor community in their purchases of securities backed by mortgages that have appraisals performed under the Code,? DeMarco wrote. ?Ultimately, these effects inure to the benefit of homebuyers as well.?"

Full post as published by Mortgage Lender Implode-o-Meter on June 23, 2010 (boomark / email).

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