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MBA aims to distance lenders from appraisal decisions in legal filing

In an amicus brief, the trade group voiced concern over a statement recently provided by government agencies in a lawsuit involving loanDepot.

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MBA: Don t Make Lenders Liable For Actions Of Independent Appraisers – NMP

MBA: Don t Make Lenders Liable For Actions Of Independent Appraisers – NMP
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MBA seeks to stem lenders appraisal bias liability in amicus brief

MBA seeks to stem lenders appraisal bias liability in amicus brief
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MBA: Lenders shouldn t be held responsible for appraisers actions

The MBA is concerned that the CFPB and DOJ will hold lenders liable for appraiser actions, who are not employees or agents of the lender.

Johns hopkins universityUnited statesBob broeksmitShane lanhamNathan connollyShani mottUs district courtMortgage bankers associationDepartment of justiceConsumer financial protection bureauGreat financial crisisNorth baltimoreRocket mortgage

Industry Response to CFPB/DOJ Statement on Appraisal Bias

Industry Response to CFPB/DOJ Statement on Appraisal Bias
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