Y 4.B 22/1:103-121 REAL ESTATE APPRAISALS HEARING BEFORE THE SUBCOMMITTEE ON GENERAL OVERSIGHT, INVESTIGATIONS, OF THE COMMITTEE ON BANKING, FINANCE AND HOUSE OF REPRESENTATIVES ONE HUNDRED THIRD CONGRESS SECOND SESSION MARCH 1, 1994 Printed for the use of the Committee on Banking, Finance and Urban Affairs For sale by the U.S. Government Printing Office Superintendent of Documents, Congressional Sales Office, Washington, DC 20402 ISBN 0-16-046129-4 HOUSE COMMITTEE ON BANKING, FINANCE AND URBAN AFFAIRS HENRY B. GONZALEZ, Texas, Chairman STEPHEN L. NEAL, North Carolina MAXINE WATERS, California LARRY LAROCCO, Idaho BILL ORTON, Utah JIM BACCHUS, Florida HERBERT C. KLEIN, New Jersey CAROLYN B. MALONEY, New York LUCILLE ROYBAL-ALLARD, California JAMES A. LEACH, Iowa MARGE ROUKEMA, New Jersey DOUG BEREUTER, Nebraska ALFRED A. (AL) MCCANDLESS, California CRAIG THOMAS, Wyoming SAM JOHNSON, Texas JOE KNOLLENBERG, Michigan BERNARD SANDERS, Vermont SUBCOMMITTEE ON GENERAL OVERSIGHT, INVESTIGATIONS, AND THE RESOLUTION OF FAILED FINANCIAL INSTITUTIONS FLOYD H. FLAKE, New York, Chairman STEPHEN L. NEAL, North Carolina NYDIA M. VELAZQUEZ, New York MAURICE HINCHEY, New York TOBY ROTH, Wisconsin THOMAS RIDGE, Pennsylvania (II) Brown, Douglas C., President, Appraisal Institute Downey, John, Deputy Director for Regional Operations, Office of Thrift Garmus, Diana L., Acting Chair, Appraisal Subcommittee, Federal Financial Institutions, Examination Council Geithner, Paul H., Jr., President, First Virginia, representing the ABA Hsing, Helen, Associate Director, Financial Institutions and Markets Issues, Hughes, Robert L., Jr., President, National Society of Real Estate Appraisers, Inserra, Thomas J., Chief Appraiser, Resolution Trust Corporation Krause Susan, Senior Deputy Comptroller for Bank Supervision Policy, Office of the Comptroller of the Currency Lewis, Chris, Director of Banking and Housing Policy, Consumer Federation Macielag, Michael, President, Chesapeake Bank & Trust Co., representing Pompeo, Dominick, S., Chairman, New York Real Estate Licensing and Cer- |