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lenders: Predatory lending is now even easier and banks are taking full advantage! - 06/24/09 11:31 PM

On May 1, 2009, the government put in to place the HVCC appraisal law which stands for Home Valuation Code of Conduct, which was supposed to help to keep agents and mortgage brokers from being able to talk to appraisers and keep them from swaying the value they put on a home.
But, within that law, there were some things put in by (I’m guessing) some very smart bankers. Now I believe they are being very predatory, almost even more than they were two years ago.
No, I don’t own a tin foil hat, but they are starting to look … (63 comments)

 
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