MBA: Lenders shouldn’t be held responsible for appraisers’ actions
Housing Wire
APRIL 24, 2023
The mortgage trade group said it was concerned that the CFPB and DOJ would hold lenders liable for the actions of an appraiser, who is neither an employee nor an agent of the lender, a reference to a case in U.S. Lanham listed technical arguments for providing a valuation of $475,000.
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