ARCHIVED BLOG POSTS
Lavon Ivy an Ohio appraiser was sentenced to 3 years in prison recently for mortgage fraud Also sentenced were her father and their mortgage broker. Apparently Ms Ivy produced a property appraisal inflated by at least $30,000 per expert witness testimony, including a failure to report known pro...
May 8, 2009 One week in with the HVCC (home value code of conduct). This is a Fannie - Freddie requirement that a seperation be made between loan production and the appraisal. Taking away the ability of a loan broker from choosing the appraiser - either directly or indirectly. It is designed t...