Closing the barn door after the horses are glue.

New house appraisal rules

http://www.ofheo.gov/media/news%20releases/HVCCFinalCODE122308.pdf

sparks outrage among the usual suspects

apparently some say fraud is an "origination problem"

http://www.housingwire.com/2008/12/29/revised-appraisal-code-generates-conflict/

while mortgage bankers say fraud is an appraisal problem.

"The solution to appraiser fraud is to hold responsible those that commit the fraudulent acts: appraisers."

http://www.namb.org/namb/NewsBot.asp?MODE=VIEW&ID=254&SnID=1458465200

a pox on all their houses. Regulations aplenty, enforcement, none.

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