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Henry Harrison email

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Mike Boyd

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California
I just got an email update notice from HH that says fannie and freddie have signed an agreement that they will not buy loans with appraisals from in-house staff appraisers or appraisers working for AMCs...in New York. HH projects that this will be nationwide before long.

NO APPRAISALS FROM AMCs? Sounds to me like the war is ending and peace will be coming to America. I hope none of you have stock in an AMC and that should also include Zaio with its predetermined values.
 

Restrain

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Jan 22, 2002
Professional Status
Certified General Appraiser
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Florida
Check out "breaking on CNBC"
 

Mike Garrett RAA

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Jan 14, 2002
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Colorado
Yes, there is a God!
 

Mike Shapiro

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Arizona
Don't think that's right, but could be mistaken. Wont buy appraisals from AMC's that are more than 20% lender owned sounds more like it.
 

Mike Boyd

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Don't think that's right, but could be mistaken. Wont buy appraisals from AMC's that are more than 20% lender owned sounds more like it.

I'm just going by what Henry said..........limited to New York for now because of the Cuomo lawsuit. Henry says that will spread nationwide.
 

Bigrock

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Jun 6, 2007
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Certified Residential Appraiser
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Georgia
I thought that was strange as well...
Where did Henry get his facts of AMC's????
 

Dan/Fla

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Jan 15, 2002
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Florida
I was reading on appraisal Snoop that the "ASA plans to take advantage of the 90-day comment period outlined in the agreement to point out areas of concern"

My question is where do we comment?

either we each need to comment and give our 2 cents, or maybe get a lets come up with a fee good ideas here. Maybe 2 different threads so we do not confuse each other 1 thread to post ideas and a second thread designed to comment on the proposals seen on the other thread. The problem I have when I see number of good ideas on any subject is these ideas get lost in all the comment on these ideas so we miss some of the idea presented.

This may be our 1 any only chance for the little small appraiser shop has a chance to get what we want it is not the time to blow it.
 

Ross (CO)

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Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
Colorado
".....this will be nationwide before long."
- - - - - - - - - - - - - - - - - - - - - - - - - -

Hmmmm, 50 states and the implied logic that the spread across the land can only occur one-state-at-a-time. If that spread is the same as the states' taking action toward the registration/licensure of MB's....then CO will be 49th on that list.

I wonder if we can get a feel for CO's thoughts and comments on the HVCC document that accompanied the recent press announcement from NY's AG ?.....when an official with our Div. of RE speaks to our local association on the 19th. Maybe our Asst. AG could be a third speaker for us that night.

Be careful what you wish for. The more things change.....the more they stay the same.....and a popular theme of the current political campaign is "change". Others sometimes say "Don't fix it if it isn't broken". Are we sure things are "broken" ? Do we have actual proof that things are broken ? Has anything been shown to the American people yet that is the equivolent of an alien spacecraft secured in some hangar in Area 51 ? What would Congress do.....if Congress could impliment only positive changes to "fix" a broken system ? What the definition of "positive" ? How can change be implimented in a manner whereby the "good guys" actually gain in favor and selection....and the "bad guys" find themselves truly on the outside....looking in ?

Oh, what interesting times we live in.
 

rescom

Senior Member
Joined
Jul 30, 2007
Professional Status
Certified General Appraiser
State
Missouri
I just got an email update notice from HH that says fannie and freddie have signed an agreement that they will not buy loans with appraisals from in-house staff appraisers or appraisers working for AMCs...in New York. HH projects that this will be nationwide before long.

NO APPRAISALS FROM AMCs? Sounds to me like the war is ending and peace will be coming to America. I hope none of you have stock in an AMC and that should also include Zaio with its predetermined values.

I think he means lender-owned AMCs.
 
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