Tuesday, January 11, 2011

Mortgage Snags Ahead as Appraiser Ranks Dwindle

From American Banker | Wednesday, December 22, 2010

"The ranks of the appraisal profession are shrinking fast. For home lenders, that spells higher costs, longer turnaround times and poorer appraisal quality in future years."

"While there's less appraisal work to go around these days than there was a few years ago at the height of the housing market boom, lenders fear that when the market does rebound, there won't be enough qualified appraisers available to do the job for them."

Click here to read


1 comment:

  1. How will it rebound if there are no jobs? Someone has to control Big Business and Banks before anything can rebound. We were not in debt like we are now. According to the news, there is no improvement in signt. The first Real Estate Broker that I worked for, who was my Mentor and a brilliant man, predicted years ago that we will be like Europe eventually and noone will be able to afford a house. Looks like he was right unless we do something fast to change what is happening.