REGULATION CURBS MORTGAGE APPRAISAL FRAUD IN US AND UK
June 1st, 2016
Tough regulation and a willingness for law enforcement authorities to crack down hard on fraudsters seems to be doing its job of curbing mortgage appraisal fraud in both the United States and the United Kingdom as the number of cases is falling.
In the UK, the government’s mortgage market review (MMR) has been praised for curbing the worst excesses. The MMR reforms, which largely came into force on 26 April 2014, were designed to deliver a mortgage market that works better for consumers and is sustainable for all participants. Notably it ended ...
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