http://money.cnn.com/2008/08/25/real...ion=2008082606

Apparently the industry still sucks. Could it be that it is a result of being the only industry that can tell the consumer to advance money based on a value, then change the value?

For example:

If I told you a brick was worth $60.00 and you should take out a $55.00 loan against it, because you'll still be ahead. Then a week after you take the $55.00 out I say, oh sorry that brick was only worth $35.00. Would that be fair? Would you have taken the $55.00 out if I told you the brick was only worth $35.00? I'm trying to think of another common industry that has this overwhelming ability to manipulate its market

Possible solution in:

Make lenders responsible for the value. If they appraise and loan money based on a 'value' they must honor that same value, regardless of market, for any refinancing or other adjustment measures as long as the paper stays with the originating bank.

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