NewsTalk

Welcome to the archives for NewsTalk, an IBJ blog published from November 2007 through December 2010.

Appraisers' role in the meltdown

August 18, 2008
Some of the people most familiar with the mortgage foreclosure explosion in the Indianapolis area in recent years have privately pointed fingers at appraisers.

Appraisers too often were in cahoots with lenders to illegally inflate prices of houses, the insiders complained, usually off the record.

Most appraisers are honest, ethical people, of course. But now� an Associated Press investigation says� the system failed miserably.

What do you think? Have you seen evidence of appraisersâ?? inflating prices?
ADVERTISEMENT
Comments powered by Disqus