Appraisal Code Being Used as ‘Scapegoat’ for Industry’s Numerous Problems; Enforcement Severely Lacking
July 30, 2009
The government-sponsored enterprises’ Home Valuation Code of Conduct is to blame for some of the ongoing concerns within the appraisal industry, but many obstacles confronting appraisers, such as lack of enforcement and regulation of appraisal management companies, go well beyond the scope of the controversial new code. Experts on an audio conference call hosted by Inside Mortgage Finance...