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  #1  
Old 10-30-2009, 01:03 PM
Winston Wolf's Avatar
Winston Wolf Winston Wolf is offline
 
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Default Home appraisal system could be dustbin-bound

http://www.washingtonpost.com/wp-dyn...102905139.html

Quote:
Could the controversial appraisal system imposed nationwide by mortgage giants Fannie Mae and Freddie Mac in May -- and now tied to lowball property valuations, busted home sale transactions and higher fees to consumers -- be on its way out?

It just might be. Under a bipartisan amendment approved Oct. 22 by the House Financial Services Committee, the "Home Valuation Code of Conduct" would be terminated early in the existence of a proposed new Consumer Financial Protection Agency.
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Old 10-30-2009, 01:16 PM
Tom Watson Tom Watson is offline
 
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Nice find Winston! I like the Washington Post writers. Non-biased for the most part. 118 co-sponsers of HR 3044 whooohhooo. Sending a message, F & F should be gotten rid of and their lousy code. Notice it's a conglomerate of real estate professionals? NAR, NAMB and NAHB. Why is that? It's funny, they don't interview appraisers. Could it be that our largest appraisal associations are for the amc setup against the wishes of the majority of independent appraisers? Could be.

Last edited by Tom Watson : 10-30-2009 at 03:24 PM.
  #3  
Old 10-30-2009, 03:01 PM
Restrain Restrain is offline
 
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Yeah, but this new law hit a big roadblock today. No one in the committee could agree on what time it was let alone what was to be in the bill.
  #4  
Old 10-30-2009, 03:02 PM
nicholz12 nicholz12 is offline
 
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Default Home appraisal system could be dustbin-bound

Anyone read this Washington Post article today 10/30/09.. ... sounds like we might be out of some work?
  #5  
Old 10-30-2009, 03:15 PM
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hglenbetts hglenbetts is offline
 
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You have a link for us
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  #6  
Old 10-30-2009, 03:18 PM
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Blueprint Blueprint is offline
 
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http://www.washingtonpost.com/wp-dyn...102905139.html
  #7  
Old 10-30-2009, 03:22 PM
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Laughing Heir Laughing Heir is offline
 
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I don't think the headline of that article reflected its actual content or message.
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Old 10-30-2009, 03:25 PM
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Winston Wolf Winston Wolf is offline
 
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Quote:
Originally Posted by nicholz12 View Post
Anyone read this Washington Post article today 10/30/09.
Yeah...I did...

http://appraisersforum.com/showthread.php?t=162188
  #9  
Old 10-30-2009, 05:17 PM
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Lee in L.A. Lee in L.A. is offline
 
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Heagline should read more like "HVCC headed for the dustbin".
  #10  
Old 10-30-2009, 05:27 PM
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jmarch305 jmarch305 is offline
 
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I get the feeling that by the time anything gets done on getting rid of the HVCC or a moratorium, the HVCC will expire. It's only set to be for 18 months anyway, isn't it? Also hasn't the damage already been done? just my 2 cents.
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