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Loan Modification
: Mortgage Lender Implode-o-Metera la mode FHA-Appraisal Fee Study Misleading
By Implode-Explode Heavy Industries
"The Title/Appraisal Vendor Management Association (TAVMA), the trade association that represents the nation's largest appraisal management companies (AMCs), said today that a new analysis that purportedly captures "reasonable and customary" appraisal fees in various markets is misleading since it intentionally excludes AMCs from its analysis, thereby omitting two-thirds of all of the appraisals done in the U.S."
Maybe because it was intended to assess "reasonable and customary" fees charged by independent appraisers vs the surcharged resale products of Appraisal Management Companies?
Full post as published by Mortgage Lender Implode-o-Meter on March 22, 2010 (boomark / email).
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