According to the FDIC, below is a list of some of the common errors by appraisers. These errors may be the basis for a lawsuit by the lender or ... Read More
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STATISTICS SHOW APPRAISAL FRAUD IS ON THE RISE
According to the Eleventh Periodic Mortgage Fraud Case Report to the Mortgage Bankers Association, Mortgage Asset Research Institute, LLC 2009, ... Read More
ARIZONA HIGHWAY PROJECTS LAGGING
According to the Government Accountability Office (GAO), the U.S. Department of Transportation’s (DOT) Federal Highway Administration (FHWA) set ... Read More
ECONOMIC STIMULUS SPENDING – A RECIPE FOR MORE BID PROTESTS?
On February 17, 2009, President Obama signed into law the much anticipated stimulus package known as the American Recovery and Reinvestment Act of ... Read More
HOME VALUATION CODE OF CONDUCT
Effective May 1, 2009, Freddie Mac no longer purchases home mortgages from sellers that do not follow the Home Valuation Code of ... Read More
FRAUD CLAIMS ACT USED TO COMBAT FRAUD IN STIMULUS PROJECTS
It is expected that the Federal False Claims Act (FCA) will be used to combat false and fraudulent activity in stimulus projects. The current FCA, 31 ... Read More
