Appraisal Groups Slam Proposed Federal Property Valuation Guide
February 2, 2009
Professional appraisal groups warned that lenders’ safety and soundness could be compromised if proposed federal interagency guidelines allowing the use of alternative valuations in lieu of opinions from certified appraisers were approved. The proposal is “fundamentally flawed” and would actually weaken the safety and soundness of real estate loans, the American Society of Appraisers...