Ending the Wild West of Real Estate Finance is Proposed

Appraisal Institute's President Leslie Sellers told a Congressional subcommittee last week that it was time to clamp down on the industry.  The entire speech can be found here.

Also, an amendment brought forth by Sen. Robert Casey, D-Pa. proposes to modernize the appraisal regulatory structure and provide more resources and accountability in the area of enforcement.   Details of the amendment to the Restoring American Financial Security Act can be found here.