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Loan Modification

: Flipping Frenzy

Despite 2009 restrictions, mortgage and appraisal fraud spiked

By Ralph Roberts

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For anyone who assumed that the toughened real-estate appraisal rules imposed on the mortgage market last year would mean less monkey business in home valuations, here’s a shocker: Fraudulent appraisals soared in 2009, according to a lending-industry study released this week, and they now represent the fastest-growing form of home loan fraud. The Mortgage Asset Research [...]

Full post as published by Flipping Frenzy on May 02, 2010 (boomark / email).

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