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Freddie Mac RE: New HVCC effective 5/1/09

Discussion in 'Fannie Mae, Freddie Mac, USPAP' started by Pamela Crowley (Florida), Jan 7, 2009.

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  1. Pamela Crowley (Florida)

    Pamela Crowley (Florida) Elite Member

    3
    Jan 13, 2002
    Professional Status:
    Retired Appraiser
    State:
    Florida
  2. Randolph Kinney

    Randolph Kinney Elite Member
    Gold Supporting Member

    83
    Apr 7, 2005
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    This helps, mortgage brokers still have a direct contact with appraisers:
    Oh well, half a loaf is better than a poke in the eye ... :Eyecrazy:
     
  3. Mike Kennedy

    Mike Kennedy Elite Member

    96
    Sep 28, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    New York
    Omitted from the Q&A

    What actions should an Appraiser or Borrower take when a Lender or AMC employee appears to be violation of the HVCC? ( see comment on the IVPI above )
     
  4. Bigrock

    Bigrock Member

    0
    Jun 6, 2007
    Professional Status:
    Certified Residential Appraiser
    State:
    Georgia
    What AMC wrote this,,,

    No COD,,,

    I say Class Action is the only way to go....

    I love the enforcement Mechanisms,,oh,,what enforcement....

    This is the end of Residential appraising.....:new_all_coholic:
     

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  5. Bigrock

    Bigrock Member

    0
    Jun 6, 2007
    Professional Status:
    Certified Residential Appraiser
    State:
    Georgia
    looks like Correspondent lenders will be able to manage the appraisal process if they stick to the HVCC...

    Am I correct in this view???
     
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