Values & Politics

"Appraisal fraud is part of a bigger, more ominous picture," says David Callahan, Home Insecurity author and Director of Research at Demos. "As home prices have continued to increase above inflation, even nearing 20 percent per year in some cities, American homeowners are vulnerable as never before...
10/26/2005
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When an appraiser overvalues a home that can lead to an upside down mortgage where you end up owing more than the property is worth. "This is a major problem," says David Callahan, with an advocacy group called Demos that recently looked into just how widespread the problem is.   Appraisal...
08/22/2005
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According to a study released in April by Demos, a public policy group in New York City, people are borrowing more than their homes are worth, and as a result, the amount of home equity has fallen from 68 percent in the early 1970s to 55 percent last year. Florida's red-hot real estate market may...
08/04/2005
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It's not just young people who can begin to have a different view of the profession. David Callahan, author of the 2004 book "The Cheating Culture: Why More Americans Are Doing Wrong to Get Ahead," says a focus on the bottom line creates problems with ethics in many industries. Journalists, he says...
07/31/2005
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But a recent report by Demos, a think tank in New York, said the refinance boom has put many homeowners at financial risk because inflated appraisals that are used to refinance homes can leave homeowners with negative equity in their properties.   As falling interest rates transformed millions...
07/29/2005
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"Appraisal fraud is part of a bigger, more ominous picture," said David Callahan, research director at Demos, a nonpartisan public-policy group in New York. "As home prices have continued to increase above inflation, even nearing 20 percent per year in some cities, American homeowners are...
07/23/2005
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Appraisers, like auditors, are supposed to follow a strict standard of professional behavior, said David Callahan, senior fellow at the public policy organization Demos and author of a recent report about appraisal fraud. "What is actually happening is lenders and brokers are telling them what...
06/01/2005
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"I don't think that anyone can assume that the appraised value of their home is based on reality," said research director David Callahan of Demos, a public-policy center in New York. "Appraisal fraud is so common that homeowners need to assume the opposite." Demos released a report about appraisal...
05/20/2005
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"I don't think that anyone can assume that the appraised value of their home is based on reality. Appraisal fraud is so common that homeowners need to assume the opposite," says research director David Callahan of Demos, a public policy center. Demos released a report about appraisal fraud in March...
05/08/2005
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Demos is a research institute based in New York City. Billed as a "network for ideas and action" they publish, on a regular basis, tracts and commentaries on a widely divergent series of topics - economic, political, and "other." Among its more recent publications are Households at Risk - the...
04/26/2005
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