Is it time to push back?

With the recent carnage on Wall Street, one has to ask, is it time to push back? For the past decade or more we have watched as the mortgage industry has become more streamlined. We have come up with...
September 17, 2008

Appraisal Foundation President expects Announcement on the HVCC Soon

Appraisal Foundation President, Dave Bunton, said he expects the parties involved with the Cuomo Agreement to make an announcement about the Home Valuation Code of Conduct within the next 30 days. Mr. Bunton went on to say that despite...
September 17, 2008

Congresswoman Biggert promotes Appraisal Independence

In her Op-Ed piece for The Hill newspaper, Congresswoman Judy Biggert (R-ILL) argues for housing reform, including greater support for key appraisal legislation. Additionally, Congress must address the shortcomings of the home-buying process that have contributed to the rapid...
September 16, 2008

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

NAR Responds to Fannie Freddie Conservatorship

Here is NAR’s Official Response to the Fannie Freddie Conservatorship: Q. What does this mean for Realtors and homebuyers? A. Through its actions, the federal government has sent a clear signal that the mission of the GSEs to provide...
September 10, 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

Take A Load Off Fannie

Because Everyone Hates a Bailout:...
September 8, 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