Amercian Banker 06/11/2008 article on the "Code"

[Kevin A. Spellman]

Alfred Pollard, OFHEO

"A lot of folks seem to feel it's over or it has already happened, and that simply is not the case," Mr. Pollard said. "The code of conduct remains very much a less-than-complete document. We recognize the potential of unintended consequences."

 

[Lost Cause]

Regulate THIS!

Alfred Pollard, OFHEO

We all know that OFHEO, like the other federal regulators, would do just about anything to avoid and/or prevent any kind of enforcement.

Mr. Pollard couldn't regulate his way out of a paper bag.

 

[Tawfik Ahdab]

Mr. Harriman,

Very well said. These people at OFHEO, OTS, FDIC should all be summarily fired for being asleep at the wheel. They must be held accountable for the complete absence of regulation.

But there may be more than incompetence on their part.

The worst part - if you missed it - is that Pollard's jawboning was done at a conference hosted by Veros Software Inc.

From its website, its real estate products include:

Automated Valuation Models (AVM)
Collateral & Fraud Scoring Solutions
Intelligent Collateral Risk Management
Professional-Assisted Analysis
Risk-Based Valuation & Pricing Strategies
Valuation Review Management
Insured Valuation Alternatives
Loan Level and Portfolio Analysis
Collateral Analytics & Data Solutions
Reliable Market Forecasting

http://www.veros.com/