Tag Archives: Rating Agencies

POOR REAL ESTATE LENDING, UNDERWRITING, APPRAISAL REVIEW, FRAUD AND MISMANAGEMENT

By James R. MacCrate, MAI, CRE, ASA Introduction One wonders how the current financial crisis developed in this country. After all, we have faced  numerous financial crises dating back to the early 1800’s. The financial institutions, regulators, accounting firms, credit rating agencies, and … Continue reading

Posted in Appraisal Reviews, Ethics, Real Estate Litigation Support, Residential Properties | Tagged , , , , , , , , , | 3 Comments

Real Estate Appraisal Scope of Work and The Appraiser’s Data Request

By James R. MacCrate, MAI, CRE, ASA Introduction The valuation of real property interests is an orderly process that has been developed over the years to produce credible results. This process defines the problem and the scope of work that … Continue reading

Posted in Appraisal Process, Uniform Standards of Professional Appraisal Practice | Tagged , , , , , , , , , , , , , , , | 2 Comments

Wall Street Has Not Learned

As a follow up to this blog post, Wall Street Has Not Learned The Lessons That Created FIRREA And The Debacle of the Seventies In Real Estate Lending and Investing!, three interesting articles seem to clearly indicate the trends will continue. … Continue reading

Posted in Appraisal Process, Ethics, Real Estate Litigation Support | Tagged , , , , , | 3 Comments