Uncategorized Archive

How Lenders Work Within New FHA Appraisal Rules

The Federal Housing Administration (FHA) implemented new appraisal rules yesterday.  Mortgagee Letter 2009-28 focuses on appraiser independence and Mortgagee Letter 2009-51 focuses on the Appraisal Update and/or Completion Report.  As AppraisalInsight reported, the rules were originally to be implemented...
February 16, 2010

Home Builders Blame Appraisals for Lost Sales

The National Association of Home Builders (NAHB) sentiment index is at 17 this month. While MarketWatch reports that this means the sector is lacking forward momentum, at least some of the blame is being placed on the shoulders of...
November 17, 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 Not Happy with HVCC

From Ken Harney’s weekly real-estate column: Well, you might ask: Since appraisers in the past have often complained about pressure from loan brokers and realty agents to “hit the number” — that is, turn in valuations high enough to...
January 7, 2009

Home Valuation Code of Conduct (Revised Version)

A revised version of the Home Valuation Code of Conduct, an agreement between New York Attorney General Andrew Cuomo and Fannie Mae and Freddie Mac, has been released. The Agreement will be effective May 1, 2009. Here is a...
December 23, 2008