home mortgage fraud newsletter full stories advertise mortgage industry newsletter RSS about us
HOT Topics Fraud Resources Fraud Prevention Mortgage Litigation News Appraisal News
twitter linkedin
facebook google+
Mortgage News

Search mortgage fraud news by keyword.

Mortgage Fraud News
News, analysis and statistics about mortgage fraud.

Local Mortgage Fraud
Stories about individual mortgage crime cases.

Mortgage Fraud Statistics
Statics by year about real estate fraud.

Mortgage Fraud Index
Quarterly index based on case activity.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage Fraud Feedget RSS code
The latest case activity tracked by FraudBlogger.com for your Web site or for your RSS reader.

Mortgage Fraud Archives
Archive of FraudBlogger.com entries going back to 2005.



Appraisal Valuation Fraud Meeting

Foundation holds first symposium to discuss fraud solutions

WASHINGTON--(Nov. 6, 2006)--The Appraisal Foundation, (www.appraisalfoundation.org) the Congressionally authorized source of appraisal standards and appraiser qualifications, held its first symposium on Valuation Fraud in Washington on Oct.

12. The Valuation Fraud Symposium was designed to find specific solutions to the increasing fraud problems plaguing both the appraisal and mortgage industries. The conference focused on building awareness of valuation fraud and providing an interactive platform for discussion of possible solutions.

"The Appraisal Foundation is pleased to provide this essential outreach in the interest of public trust," said Lee Hackett, chairman of the Board of The Appraisal Foundation. "The Foundation wants to do everything that it can to limit the impact of mortgage fraud on public trust in valuation."

Statistics from a soon to be released FBI report indicate that valuation fraud is an ever-increasing problem; losses totaled more than $1 billion in 2005. According to the FBI, that number will be exceeded in 2006 (Jan. 1-June 30, losses are estimated at $545 million).

The program, which hosted more than 250 attendees, centered on three panels: Valuation Fraud and the Lender; Valuation Fraud and the Appraiser; and Valuation Fraud and the Regulatory Community. John D. Arterberry, executive deputy chief at the United States Department of Justice, delivered the keynote address.

The 13 speakers from various appraisal organizations, lenders, state regulatory agencies and the federal government urged appraisers to remain vigilant in their business practices and not succumb to pressures applied by lenders. Solutions or advice offered included:

  • Increasing awareness of identity theft,
  • Utilizing the state regulatory complaint process
  • Recognition of red flags on an appraisal
  • Reporting overvaluation requests to lenders and regulatory agencies
  • Creating educational opportunities for appraisers and consumers to avoid valuation fraud, and,
  • Finding ways to deter lender pressure on appraisers.

The presentation materials from the symposium will be available on the Foundation's Web site (www.appraisalfoundation.org) soon. In addition, the Appraisal Foundation will produce a four-hour DVD of the presentations, to be available in the months ahead.

SOURCE: The Appraisal Foundation

Mortgage Fraud Litigation

Q4-2012 | Q3-2012
Q2-2012 | Q1-2012

Q4-2011 | Q3-2011
Q2-2011 | Q1-2011

Q4-2010 | Q3-2010
Q2-2010 | Q1-2010

Q4-2009 | Q3-2009
Q2-2009 | Q1-2009

Q4-2008 | Q3-2008
Q2-2008 | Q1-2008

full-year 2007
Red Flags Rule
News about the Fair and Accurate Credit Transaction Act.
Analysis of Fraud Enforcement and Recovery Act
The Mortgage Graveyard
Reverse Mortgage Blog
Mortgage Compliance Newsletter
Free compliance newsletter from MortgageDaily.com.

Copyright © 2014 MortgageDaily.com
MortgageDaily.com Subscribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

pricing engine directory

wholesale lender directory

More Mortgage News Resources (MortgageDaily.com full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

free mortgage news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan officer compensation rule

loan originator compensation rule


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

sales blog

reverse mortgage news

secondary marketing

servicing news

subprime news

wholesale lenders

wireless mortgage news