• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

HUD Reforms For Home Loan Closings

Status
Not open for further replies.

Farm Gal

Elite Member
Joined
Jan 14, 2002
Professional Status
Licensed Appraiser
State
Nebraska
Martinez would permit lenders to accept volume discounts from service providers such as appraisers and title companies.
Yeah and throw the baby out with the bath water JUST LIKE they did when they gutted the local offices and local oversight! 'New 4150.2' in and of itself has not enough across the board guidelines or specificity to local area conditions to be effective, IMNSHO!!!

So what we have now this touted is ability to accept volume discounts from appraisers... via AMC's which results in chopped fees so that normal competent appriasers refuse to do the work.. :roll:

UNLESS HUD elects to fund a proper review and oversight process, the only folks doing FHA appraisals are going to be the VERY blind and/or wet behind the ears folks who don't properly look at a house or require any repairs no matter what they see :evil: ...

I am NOT part of the good old boys club, I hadn't gotten on the panel unti just before they opened it up to near everyone, but I DO try to do my job properly like Patty is finding (another thread) it is near impossible for us to do our job properly, when there are those who do NOT do theirs. :!:
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Top

AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock
No Thanks