Independent Appraisers GSE/Cuomo Proposal 3/19/08

[IVgroup]

Well done Timd345

Well done Timd345.
These are practical real life questions. I would also like the answers to these. Also, I believe the document stated that individual appraisers would be put on the list. What about the business owner that built an appraisal company which employes appraisers and office staff? Would the sales/marketing the company efforted since its creation be for nought? How would this also protect their interests as a company and employees?

 

[Mike Kennedy]

Ivpi Proposal - ENDORSEMENT EMAIL CONTACTS - FEEL FREE TO EMAIL ..........EVERY ..........LINK BELOW. (not just one). :icon_idea:


Kindly Click On Attachments Below. Thanks !

COMMENTS ON ENTERPRISE APPRAISAL CODE​

[FONT=Verdana,Verdana]Comments on the Home Valuation Code of Conduct, announced on March 3rd, may now be made directly to Fannie Mae and Freddie Mac. The comment period established by the Enterprises is for 45 days, ending on April 30th.[/FONT]

[FONT=Verdana,Verdana]OFHEO will be reviewing comments provided to the Enterprises. [/FONT]

[FONT=Verdana,Verdana]Comments may be sent as provided below: [/FONT]For Freddie Mac: [FONT=Verdana,Verdana]Comments should be submitted through the online form on the Enterprise’s website at http://www.freddiemac.com/singlefami...valuation.html. [/FONT]

For Fannie Mae[FONT=Verdana,Verdana]: Comments should be submitted through the online comment form at[/FONT]

[FONT=Verdana,Verdana]https://www.efanniemae.com/go/appraisalcomment.jsp or,[/FONT]

[FONT=Verdana,Verdana]for additional information and the comment form, use[/FONT]

[FONT=Verdana,Verdana]https://www.efanniemae.com/sf/guides...code/index.jsp. [/FONT]

NY STATE ATTORNEY GENERAL CUOMO


http://www.oag.state.ny.us/contact.html


http://www.oag.state.ny.us/online_forms/email_ag.jsp


THE APPRAISAL INSTITUTE REQUEST FOR COMMENTS

http://www.appraisalinstitute.org/ano/current.aspx?volume=9%20&numbr=5/6

OFFICE OF THRIFT SUPERVISON

http://www.ots.treas.gov/resultsort....&dl=104&edit=0

http://www.ots.treas.gov/resultsort....&dl=103&edit=0

http://www.ots.treas.gov/resultsort....&dl=102&edit=0
__________________


Send your comments to Ken Harney here: mailto:KenHarney@earthlink.net


MBA BOARD OF DIRECTORS
http://www.mortgagebankers.org/roster/default.aspx?id=ros34873
__________________

Email Comments on the AG/GSE AGREEMENT and IVPI PROPOSAL to
http://www.mortgagebankers.org/roste...px?id=ros30388

New York
President
Gene Tricozzi Northern Funding Corp. 518-371-6886 518-371-5103 genet@northernfundingcorp.com​

Executive
Richard Byrne NYAMB 914-332-6233 914-332-1541 rbyrne@taminc.com​

Staff
Edie Tella NYAMB 914-332-6233 914-332-1541 etella@taminc.com​

Delegate
Gene Tricozzi Northern Funding Corp. 518-371-6886 518-371-5103 genet@northernfundingcorp.com​

Delegate Richard Biondi BJB Financial Consultant 631-249-4005 631-249-4033 rbiondi@rjbmortgage.com

 

[John Hassler]

Great questions timd354!!

 

[panappr]

Well done Timd345.
These are practical real life questions. I would also like the answers to these. Also, I believe the document stated that individual appraisers would be put on the list. What about the business owner that built an appraisal company which employes appraisers and office staff? Would the sales/marketing the company efforted since its creation be for nought? How would this also protect their interests as a company and employees?

I believe we are all in this together and the new FANNIE/FREDDIE policy does not have any consideration for anyones reputation or business affairs. Most here are independents like yourself, with allot to loose.

 

[Pamela Crowley (Florida)]

We will be putting together a Q & A that will answer many of your questions.
This is an OUTLINE. Many details are being worked on. We appreciate your questions and are preparing to answer them.

 

[sbb04]

Maybe this has been addressed somewhere but this seems like the old FHA fee panel. OK, I'm fine with that. Now then, how does the IVPI determine what the appraiser's fee will be?

 

[George W Dodd]

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[George W Dodd]

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[dobie]

Bottom line... the proposal envisions another huge bureacracy (lawyers, accountants and assorted paper pushers). Everyone needs to take a deep breath and think about how this could impact their ability to function as independent business men and women.


"...so long as the Lender has the purse strings the Appraiser will always be under their influence..." (posted by timd354)

Sorry, this is a bit of a crock. I have clients that put great emphasis on an honest valuation and never, repeat never, try and influence value. I'm sure many other appraisers have the same relationships.

Also, why should anyone set my fees or determine how much work I get (because I'm now on some rotation). Looks like just another AMC. Only worse maybe.

 

[PropertyEconomics]

We will be putting together a Q & A that will answer many of your questions.
This is an OUTLINE. Many details are being worked on. We appreciate your questions and are preparing to answer them.

Was the outline delivered to Cuomo with details still being ironed out?