home appraisals

Home Appraiser Fraud - Ritholtz

Just when you think the insanity is over, there it is...again. The Big Picture has a great watchdog piece on how the NAR and NAMB are at it again.

I am beginning to suspect that the Realtor’s association and the Mortgage Broker’s association are pro-fraud.

Yesterday, I noted the bizarre (and potentially corrupt) statement from NAR economists Lawrence Yun calling for appraisers “familiar” with local neighborhoods: