appraisers: Here comes the windfall
- 06/22/08 11:29 AM
Over the past couple of years there has been a lot of speculation as to who was responsible for the mortgage meltdown. Was it the appraisers for over estimating the value on properties in order to make a mortgage broker happy? How about the Realtors and mortgage brokers who pushed higher price homes upon people who they new were approved but could not afford the homes that they were buying. Maybe the underwriters who turned a blind eye on the files that were incomplete and managers pushed the loans through anyway. The mortgage lending industry has been under investigation for quite … (6 comments)
Over the past couple of years there has been a lot of speculation as to who was responsible for the mortgage meltdown. Was it the appraisers for over estimating the value on properties in order to make a mortgage broker happy? How about the Realtors and mortgage brokers who pushed higher price homes upon people who they new were approved but could not afford the homes that they were buying. Maybe the underwriters who turned a blind eye on the files that were incomplete and managers pushed the loans through anyway.
;)
;)
