http://www.biia.com/appraisal-management-company-amc-shutting-down
In a SEC filing earlier this year CoreLogic complained about regulation of the AMC business, saying “AVMs are now subject to more explicit and detailed quality control requirements, and copies of AVM reports will be required to be provided by creditors to loan applicants.”
Uh, yeah. Thats the Gov saying they played fast and loose with appraisals and now they must stop and, oh BTW, here’s some new rules to live by.
Coincidentally, their “complaint” in the SEC filing is exactly what the Attorny General of New York is suing them for. I mean, lack thereof.
Man. And I thought my kids were feeling too self entitled lately.