First Appraisers, Next Title Agents?

Tanta, who writes for one of the best economic / mortgage lending web sites out there, Calculated Risk, has an excellent review of the proposed new Fannie rules for appraisals.   I think her analysis is spot on, and she goes one step further to point out another suspect relationship in the lending industry:

1. So much for “synergy.” I only hope that if this puts a stop to large lenders buying appraisal firms (and destroying appraiser independence), we can next move on to large lenders buying title companies (and destroying escrow officer independence).

Thanks Tanta!