Appraisal Institute Analysis Shows Two-Thirds of Failed Banks Cited for Appraisal Problems
An analysis conducted by the Appraisal Institute of failed banks shows that nearly two-thirds had been previously cited by federal bank examiners or had ongoing appraisal administration problems, highlighting a significant weakness in many struggling financial institutions. For a copy of the analysis, visit www.appraisalinstitute.org/newsadvocacy/downloads/key_documents/FDIC_MaterialLossReview_Appraisal.pdf . Source: Appraisal Institute…(read more)
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