more than 8,000 appraisers – roughly 10 percent of the industry – have signed a petition asking the federal government to take action. “There are a lot of people who have refinanced for more than their homes are actually worth and they’re effectively already upside down even without a real estate bubble bursting,” said Callahan. […]

Tags: Appraisal, Appraisal Institute, CNN, fraud, National Mortgage Complaint Center, Sarah Max
Posted in bubble, Corruption, Eviction, securities fraud |