Business, 27.06.2020 02:01, byron17

1.Prior to 2008, mortgage lenders required a house inspection to assess its value, and often used the same one or two inspection companies in the same geographical market. Following the collapse of the housing market in 2008, mortgage lenders required a house inspection, but this was arranged through a third party. How does this illustrate a conflict of interest similar to the role that credit-rating agencies played in the global financial crisis?

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1.Prior to 2008, mortgage lenders required a house inspection to assess its value, and often used th...