Mon, 24 May 2010

The Appraisal Debacle: How Not to Regulate

This was a part of the problem we faced recently, and overcame it only with lots of work and more than a little luck. It sure would've helped if the rules hadn't been changed in the middle of the game, so to speak.

Enacting rules to curb abuses arising during a housing bubble, which don't take effect until the succeeding financial crisis, can easily do more harm than good.

(link) [Yahoo! Personal Finance]

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