Should a bank be allowed to use its own staff to value properties if it believes that there aren’t enough appraisers in its market to meet demand or that outside appraisals have become too costly?

"As previously announced, Bank of America Home Loans plans to exit the correspondent mortgage lending channel and focus entirely on retail distribution for its mortgage products and services. After a ...

The conflict between the appraisal industry and commercial banks is deepening as financial authorities continue to delay their decision on whether it is legal for commercial banks to conduct ...