"Washington policy makers have taken aim at one of the main contributing causes to the housing crisis: inflated appraisals.
When home prices were soaring, one of the driving factors was that appraisers, pressured by loan officers and mortgage brokers, kept hyping home values. Not only did homebuyers wind up paying more, but the exotic mortgage products they needed to finance their purchases later exploded, setting off the financial and economic turmoil the nation is facing today."
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Guidelines reduce pressure to inflate home appraisals
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