Author Archive

New Mercury Mobile App May Speed Appraisals

      A new iOS app from a la mode, the Naples, Fla.-based real estate and mortgage technology company, offers a solution to appraisal delays. The app is called Mercury Mobile. It enables appraisers in the field to respond...
February 21, 2014

NAR Taking Action

The article was published over the weekend from the Washington Post Online about the new legislation proposed for the 18 month moratorium on HVCC. Enjoy....

NAR President Meeting on Appraisal Matters

Appraisal concerns were at the top of the agenda this week as NAR President Charles McMillan on Monday met with the New York State Deputy Attorney General and his staff to express industry concerns over the Home Valuation Code...

NAR Leadership Blog

Last Friday, Steve Brown posted the following to the Leadership Blog. Steve discusses appraisals as well as some other challenges the housing market is facing: Click here...
June 22, 2009

Interesting Letter to the Editor in the Wall Street Journal

Though the first paragraph may seem a bit misleading since HVCC didn’t give rise to AMCs, they’ve been around for years, there is an interesting point by the author regarding the creation of national policy. ‘First Do No Harm’...
June 17, 2009

Appraiser Appalled

Included is an article posted on June 11, 2009. Share your feedback! Pipeline — A roundup of credit market news and views Thursday, June 11, 2009 American Banker By Allison Bisbey Colter Appraiser Appalled Frank Gregoire, an appraiser in...
June 12, 2009

Increase in Fees Required to Purchase Home

Ken Harney has an interesting article on the increase in fees that are being proscribed to home-buyers. He includes this section on appraisals: On top of these extra fees, borrowers are now starting to get hit with two sets...
April 20, 2009

“They don’t want good appraisers”

The Center for Public Integrity has posted a great report on the developments of the appraisal profession over the last few years. The report discusses how appraisal pressure has influenced the housing market and includes this section on the...
April 15, 2009

HVCC Modifies Mortgage Broker Restrictions

Fannie and Freddie will now allow mortgage brokers to order appraisals through a lender’s designated AMC. From Freddie Mac’s Home Valuation Code of Conduct FAQ: Can a broker initiate an appraisal request through a lender’s designated appraisal management company...
April 14, 2009

Freddie Mac Restricts use of BPO’s

From Appraiser News Online, Freddie Mac is restricting how lenders can use broker price opinions: On March 31, Freddie Mac revised its Seller/Servicer Guide to strictly prohibit its lenders from using broker price opinions to value properties for mortgage...
April 13, 2009