The Treasury Department’s Financial Crimes Enforcement Network issued its Mortgage Loan Fraud update reports for the first 2 quarters of 2010. Those reports included statistics relating to “suspicious activities” regarding appraisal activities. It found that between 5 and 6 percent of the overall reports of suspected mortgage fraud in the first half of 2010 had some
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Appraisal Foundation Establishes “Consistent Enforcement Task Force”
By David Snyder on
Posted in Appraisers
The Appraisal Foundation – a nonprofit organization that establishes standards for appraisers – has announced that it is establishing a “Consistent Enforcement Task Force.”…
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U.S. House passes Mortgage Reform and Anti-Predatory Lending Act
By David Snyder on
Posted in Appraisers, Lenders
The U.S. House of Representatives passed the Mortgage Reform and Anti-Predatory Lending Act of 2009.
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