Source: USA Today...[Money Section] - Problem Loans: "Unsettling" number of banks are risking trouble by relaxing lending standards, the nation's top banking regulator warned Monday. "The problems we are seeing in the banking industry today are serious", acting Comptroller of the Currency Julie Williams said. "They could presage the same kind of problems that afflicted the industry nearly a decade ago". Many banks were besieged by bad loans during the late 1980's, creating a crisis that led to bank failures and goverment bailouts.
That reads like it came from Friday's USA Today doesn't it?! But according to Julio E. Suñé, Jr.'s comment that clip was from the front page of USA Today July 14, 1998! Download usa_today__money_section_7141998__problem_loans.pdf
There's some important legislation on the horizon that directly impacts real estate appraisers. Unlike the early 80's or 90's, today we have the Internet to assist us in making our wishes known!
The polls on the right of the Appraisal Scoop blog are directly linked to the Washington Watch website. Washingtonwatch.com tracks the bills in Congress, along with estimates about their costs or savings, when available. Each bill reference provides information, a chance to comment, or take action. This is a widely read reference and gives independent appraisers another venue to reach policy makers.
The Appraisal Institute requests all appraisers immediately contact their Senators in support of H.R. 3915, in addition to speaking out against the appraiser bonding requirement found in S. 2452.
Under each poll is the Appraisal Institute's position on the bill.
VOTE TODAY!
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