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Appraiser Coercion or Not?

Everyone in the mortgage industry, including borrowers are all too familiar with the challenge of trying to determine whether the comparables provided by the appraiser are adequate. Typically the underwriter is concerned that the value is inflated and the borrower and loan officer are concerned that the value is too low. The ‘tip toe’ around the home valuation code of conduct and requesting...
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FFIEC Fraud Report February 2010

The FFIEC has updated its fraud report to include more information about short sale and foreclosure fraud. This publication illustrates the various types of mortgage fraud, example scenarios and the red flags lenders should be aware of in order to properly detect fraud in advance of a loan closing.
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