Congress hears appeals to fix dysfunctional appraisal system; Adam Martinez, Chairman of Rose Law Group real estate litigation department provides insight

By Jann Swanson | Mortgage News Daily The House Financial Services Subcommittee on Housing and Insurance recently held a hearing on “Modernizing Appraisals: A Regulatory Review and the Future of the Industry.” According to the committee memorandum, the hearing was called to “Examine the appraisal industry since the creation of the Appraisal Subcommittee in 1989, review the Dodd-Frank Act’s impact …