Author Archive

North Carolina Introduces Legislation to Regulate Appraisal Management Companies

A bill has been drafted in the North Carolina legislature that would regulate appraisal management companies. To summarize, the bill would require Appraisal Management Companies to register with the state appraisal board. The bill would also prohibit AMC’s from...
February 27, 2009

Radio Show to discuss HVCC and AMC’s

Frank Gregoire will be a guest on the MyTechnologyLawyer.com radio show. He will talk about the regulation of appraisal management companies and the HVCC. MyTechnologyLawyer Radio Show – Real Estate Appraisal Series: Francois (Frank) Gregoire (Gregoire & Gregoire, Inc.)...
February 25, 2009

Appraiser Facebook Page

NAR has set up a Facebook page for appraisers. This will allow appraisers to network with each-other and hopefully help the profession stay cohesive. You can access the Facebook page, by clicking the link below: Appraiser Facebook Page For...
February 25, 2009

NAMB Files Lawsuit Over HVCC

Frank Gregoire’s Blog, Appraiser Active, has an interesting post up on the National Association of Mortgage Brokers attempt to prevent the enactment of the Home Valuation Code of Conduct: The National Association of Mortgage Brokers (NAMB), with the support...

Washington State may Eliminate Appraisal Board

From Appraiser News Online, the Governor of Washington has introduced legislation that would eliminate the state’s appraisal board: In an effort to trim the state’s budget, Washington Governor Christine Gregoire has proposed legislation that would eliminate the state’s Real...
February 23, 2009

Comment of the Week

My favorite comment this week is from John: Your worst enemy is fear, and appraisers who are scamming on expenses and memberships in order to stay afloat. A stolen MLS login is an example – it’s also a violation...
February 20, 2009

Appraisers Upset Over New Rules

From Ft. Worth Texas, another article on the Home Valuation Code of Conduct: Money quote: Kenneth Jones, a Realtor as well as a 16-year veteran appraiser, said his options are limited if he wants to continue to work: join...
February 17, 2009

Appraisal Foundation seeks Comments on White Paper

The Appraisal Foundation is looking to write a White Paper on appraisal regulatory reform, and they are seeking your comments. Possible topics for the white paper include: - Implement National Licensing or Registration Requirements for Appraisal Management Companies. -...
February 12, 2009

Subprime Lender Becomes AMC

Here is a fascinating article from Business Week, revealing how a former Subprime Lender went bust and then transformed itself into an AMC: Take NovaStar Financial (NFI) in Kansas City, Mo. A large subprime lender during the housing boom,...
February 9, 2009

Reader Comment on AMC’s

I just thought I would highlight this particularly well written comment from Howard Ginsburg: An appraiser gets paid $350 – $450 for a 1004 no matter what the loan amount is or the value of the property. The broker,...
February 4, 2009