HUD watchdog issues warning on fraudulent, inflated reverse #mortgage appraisals: In the run-up to the financial crisis, fraudulent appraisal schemes ran rampant in the housing industry, eventually leading to the complete overhaul of the property appraisal system and the rise of appraisal management companies. As it turns out, schemes like that have not been completely forced out of the industry. http://www.housingwire.com/articles/35725-hud-watchdog-issues-warning-on-fraudulent-inflated-reverse-mortgage-appraisals
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