Michigan Bills Tighten Appraiser Independence Requirements
In the wake of the current housing crisis and record levels of both foreclosures and mortgage fraud, Michigan lawmakers are considering three bills designed to curtail mortgage fraud as well as unscrupulous lending practices. The bills—H.B. 4054, S.B. 343 and S.B. 356— would amend existing legislation to prohibit coercing an appraiser in order to receive [...]
