Legal Archive

Will Conservator Repudiate HVCC Agreements?

This is a follow up to our previous post on What Will Happen to the HVCC? Speculation is running rampant regarding the future of the Code. We are hearing everything from the HVCC will be implemented with some changes...
September 15, 2008

Facebook for Appraisers

For those of you who want the social interaction of Facebook without all the poking, status updates, and lame pictures of high-school friends, Appraisal Scoop has the answer. It’s called: The Appraiser’s WaterCooler This is a social networking forum...
September 12, 2008

Are Lenders Abandoning AMC’s?

In most of my discussions with appraisers who hate the HVCC, the conversation inevitably moves to AMC’s. They believe that the HVCC will push lenders to use AMC’s when hiring appraisers. This is something many appraisers find reprehensible, as...
September 11, 2008

What Happens Now with the HVCC?

Given that the Federal Government has recently placed Fannie and Freddie in Conservatorship, many appraisers are wondering what impact this will have on the Home Valuation Code of Conduct. My guess is that this recent take-over will either kill...
September 10, 2008

Cuomo’s Home Vaulation Code of Conduct Hits a Roadblock

The blog Appraisal Scoop has linked to a Press Release from the Federal Register which states that there is a new Federal Agency in charge of overseeing Fannie Mae and Freddie Mac, The Federal Housing Finance Agency. FHFA was...
September 5, 2008

Fighting to Keep Your Reputation

Jonathan Miller shares a story in his blog about how important it is to maintain your reputation as an appraiser. Recently, a local NYC blog misquoted Miller and claimed he offered a property value to a reporter. Upset, Miller...
September 4, 2008

State Boards Claim Lack of Funding to Blame for Inadequate Enforcement

The Association of Appraiser Regulatory Officials has responded strongly to the recent AP article which skewered the appraisal regulatory scheme. AARO’s primary claim is that the state government gloms onto their money and prevents them from adequately doing their...
September 3, 2008

The Jed Clampett Effect

“Come and listen to my story ‘bout a man named Jed, poor mountaineer, barely kept his family fed.” I can’t get the theme song from “The Beverly Hillbillies” out of my head these days. What’s putting it there is...

Time for Grassroots Change?

As we all know, appraisers are still feeling the pressure to meet numbers for lenders. The industry is taking a beating in many national and local publications – several of which were previously highlighted in this blog. So, what...
August 27, 2008

Appraisers Still Feel Pressure

There is a great article by Kenneth Harney in the Washington Post discussing the continuing effects of appraisal pressure. Pinellas County Property Appraiser candidate Frank Gregoire offers his insight in the article: The obvious intent, according to Frank Gregoire,...
August 26, 2008