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More AMC and PDC Bull

The large AMC model was developed by the Money Center Banks IE Bank America-Wells Cargo etal years before Hvcc or Dodd Frank and they're panel served as the banks appraisers. After Dodd Frank they were spun off into their own entity and their employees and managers went with them. BA Landsafe turned into Corelogic and to survive away from their Mother Ships they had to expand selling their goods and services to any Lenders they could get on board.

My point is Hvcc and Dodd Frank forced the AMCs to become bigger in order to survive but like appraisers only a few will survive over the next five years. But unlike appraisers their model can expand into managing other services outside appraisals. Today their owners are in exactly the same position as the fee appraisers both are in Low Fixed Fees with increased fixed costs and less and less volume. Both business models are in a slow death spiral without expanding into other services.
 
I don't control or change the meaning of the words I use. I just decline to allow you to get away with misusing those terms out of context.

Every time people lose an argument this way they always go back to criticizing the actual definitions of the terms they use.
 
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