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FINANCE: Discussing Inflated Housing Appraisals

By The PaperTrail Staff | April 16, 2009, 2:39 pm

image In our latest Public I podcast, the Center’s Executive Director Bill Buzenberg talks to Michael Zuckerman, editor of our Land Use Accountability Project, about the role that inflated home appraisals played in the recent mortgage crisis.

Dozens of appraisers told the Center for Public Integrity that for years lenders across the United States pushed them into inflating the value of homes to justify higher mortgages, at times “blacklisting” appraisers who refused to cooperate. Now, appraisers and lenders alike are demanding better oversight of the industry.

Listen to the interview or check out the full report.

You can view the rest of the Public I podcast series here, or subscribe via iTunes.

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