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To: loantech who wrote (61733)10/18/2008 2:13:06 AM
From: Valuepro1 Recommendation  Read Replies (1) | Respond to of 78411
 
"Hogwash. That is dividing market area by race. Has not been an underwriting standard since at least the late 70's. And never was is was just an unwritten practice."

You experience in this area was your experience. It was obviously different from mine. FWIW, I worked in failed attempts to create meaningful regulation of appraisal and mortgage services in 1990, and with legislators and lobbyists in Sacramento and Washington, D.C.

Remember Congressman Barnard of Georgia who headed the House investigations into the causes of the S&L debacle? I knew him, and I knew people who testified before congress on this subject.
What are your credentials for calling what I say "Hogwash"?