Robert Anderson
Senior Member
- Joined
- Nov 27, 2004
I think we appraisers got short-changed on this deal.
Ameriquest Mortgage Co. would overhaul its business practices under supervision of an outside monitor to settle allegations by 33 states that it overcharged its home loan customers and pressured appraisers to inflate property values, according to a draft of the settlement....
The draft proposal provides, for the first time, details of provisions that had been described only in general terms by representatives of the company and the states. It would:...
* Attempt to keep Ameriquest loan agents from pressuring appraisers to inflate home values by barring them from discussing valuations with the people performing them and by requiring regular reviews of appraisers' work....
http://www.latimes.com/business/la-fi-amer...dlines-business
http://tinyurl.com/dzt7a
Bob Anderson
Ameriquest Mortgage Co. would overhaul its business practices under supervision of an outside monitor to settle allegations by 33 states that it overcharged its home loan customers and pressured appraisers to inflate property values, according to a draft of the settlement....
The draft proposal provides, for the first time, details of provisions that had been described only in general terms by representatives of the company and the states. It would:...
* Attempt to keep Ameriquest loan agents from pressuring appraisers to inflate home values by barring them from discussing valuations with the people performing them and by requiring regular reviews of appraisers' work....
http://www.latimes.com/business/la-fi-amer...dlines-business
http://tinyurl.com/dzt7a
Bob Anderson