Appraisal & Valuation Archive

NAR Survey Results Highlight Impact of HVCC

Yesterday, a preliminary analysis of a NAR survey was released, which indicates that the implementation of the Home Valuation Code of Conduct (HVCC) appears to be having adverse impacts on the housing markets. The use of out of area...

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...

New Bill Urges HVCC Moratorium

Representatives Travis Childers (D-MS) and Gary Miller (R-CA) co-sponsored legislation, HR 3044, that will institute an 18-month moratorium on the Home Valuation Code of Conduct (HVCC). According to HousingWire.com, Childers’ concern is how the code is negatively impacting small...

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

AMCs v. Direct Contact – It’s A Dead Heat

The Appraisal Institute reports on a finding by Global DMS that the number of lenders directly ordering appraisals is roughly the same as the number of lenders using AMCs. According to the report, AMCs may be suffering from client...

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

Appraisals Making it Harder to Refinance or Sell

Today’s Wall Street Journal reports on the impact appraisals are having on the real estate transaction, whether it be a sale or refinance. The article covers all the current hot topics of the appraisal industry: HVCC, AMCs, and appraiser...

Fannie Mae Announces Electronic Appraisal Requirements

Announcement 09-14: Electronic Appraisal Reports, Enhancements to the Loan Delivery File Format, and Mortgage Fraud Reporting, states that effective March 1, 2010, Fannie Mae will require the submission of electronic appraisal reports in the MISMO XML standards. Fannie will...