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Main | Riley: agent at the center of $30 million in defaults »
Wednesday
19Aug2009

In Appraisal Shift (HVCC), Lenders Gain Power and Critics 

The following article appeared in the New York Times on August 18, 2009.

Mike Kennedy, a real estate appraiser in Monroe, N.Y., was examining a suburban house a few years ago when he discovered five feet of water in the basement. The mortgage broker arranging the owner’s refinancing asked him to pretend it was not there.

Read the remainder of the article here

A PDF print version is archived here in case the above link breaks