Some US Appraisers Feel Pressure To Boost Home Values - 2004-02-09
In an attempt to keep their business thriving as the mortgage sector adjusts to the reality of lower refinancing and lower new purchase volumes, some mortgage lenders appear to be turning up the heat on home appraisers to overstate the values of properties they are appraising.
At least, that's what some appraisers are saying, according to a recent study from October Research Corporation, a provider of national news and information to the real estate services industry.
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