A community bank in Tennessee has submitted a request to the Appraisal Subcommittee seeking a one-year waiver from appraisal regulation requirements to use a certified appraiser, the Appraisal Institute learned Nov. 29. If the waiver is approved, it would apply to all institutions, not just the requesting organization.
The party making the request must provide clear evidence of a shortage of appraisers, among other things, and demonstrate that the shortage is leading to significant delays in the performance of an appraisal.
Read more here:
https://www.appraisalinstitute.org/ano/bank-request-for-appraisal-waiver-has-huge-implications/
Banks delayed foreclosures to influence discussion of Dodd-Frank, paper finds
In 2009-2010, the housing crisis was at its worst: an average of nearly 300,000 new foreclosures were started every month during those two years.
But those numbers should have been higher, according to a paper released in October.
Banks that serviced delinquent mortgages held off on starting foreclosure proceedings on loans located in the electoral districts of members of the House Financial Services Committee in order to influence Congressional action on the Dodd-Frank financial reform bill, researchers found.
https://www.marketwatch.com/story/banks-delayed-foreclosures-to-influence-discussion-of-dodd-frank-paper-finds-2017-11-17