More AMC and PDC Bull

[J Grant]

Well after reading a lot of this The lawsuits are real and it appears they have legal weight' he consumer‑protection agencies could get involved, and the lawsuits are basically pushing them in that direction

Indeed, the lawsuits echo points I have been making on the topic for a long time - it will be interesting to see the outcome.

 

[djd09]

laws only apply to the peons...not 15th st partyers

 

[glenn walker]

For the same reason there isn't an ethical requirement for appraisers to work for less, there also isn't an ethical requirement for the AMCs to pay more. Leastwise, not after the feds issued their interpretation of C&R.

90% to 95% of registered AMCs are owned by licensed appraisers which have more appraisers then allowed before your required to register as a AMC.

These were previously known as the large fee shops that engaged many appraisers before the rules on how many appraisers changed-allowed under one licensed supervisor.

The 5% to 10% of the well known AMCs are the ones that control volume going through the major lender's and money center banks and the other AMCs are many small fee shops.

 

[djd09]

i mean really...what is the function of the AMC...to separate the appraiser and the mortgage broker...but now it is better...the mortgage broker can just estimate value without a license via waiver