After the mortgage and financial crisis of 2007-2009, which statement is NOT commonly stated about appraisers and their involvement in the crisis?

• A. Appraisers faced increased scrutiny and penalties for misreporting values.
• B. Appraisers' qualifications remained largely unaffected.
• C. Regulators implemented stricter appraisal independence rules.
• D. Appraisers were making up to $3,000 for every residential appraisal they performed, so they profited the most from the lending boom.

Answer: (D)

The main idea here is how the appraisal process and oversight changed after the mortgage crisis. The most widely discussed shifts were stricter enforcement and tighter rules to protect appraisal independence, plus greater scrutiny of misreporting values. Those changes are well documented as responses to the problems that surfaced during the crisis.

The notion that appraisers were earning up to $3,000 per residential appraisal and profiting the most from the boom doesn’t align with the common narrative. Fees for residential appraisals varied and aren’t cited as the central issue; the crisis was driven more by pressure from lenders, improper incentives, and inflated valuations rather than a single, uniform per-appraisal pay figure.