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03/29/09
Loan brokers, appraisers dreading May 1 rule change
Filed under: General, Real Estate, Mortgages
Posted by: Lillian Wong @ 10:40 am

Appraisers and mortgage brokers are complaining that changes in the way appraisals are conducted, set to take effect May 1, will have a negative effect on their businesses and on consumers. Known collectively as the Appraisal Code of Conduct, the new rules stem from an investigation by New York Attorney General Andrew Cuomo into alleged corruption in the way home appraisals are conducted.  more…

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