Lenders should not be held responsible for the actions of appraisers

mortgage bankers association (MBA) filed an amicus brief on Friday consumer financial protection bureau (CFPB) and Department of JusticeInterest in setting a liability standard that would apply to lenders in cases of alleged bias by third-party appraisers. The mortgage trade group said it was concerned that the CFPB and DOJ would hold lenders liable for […]

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