Senate discussion of 2452 today.

[rcsone]

....just a notice that on CSPAN II, as I understand, their calendar begins with discussion or introduction followed by admendments followed by final vote. All of this should occur over the next few days. Most important effects on the appraisal profession are being considered.....best to all...rs

 

[rcsone]

just a reminder.

....just a notice that on CSPAN II, as I understand, their calendar begins with discussion or introduction followed by admendments followed by final vote. All of this should occur over the next few days. Most important effects on the appraisal profession are being considered.....best to all...rs

Will this be important over the next decade?

 

[Elliott]

Its 9:38 am PDT, and Cspan-senate seems to be talking about
Housing Recovery Act.

 

[Elliott]

Dodd speaks. I wonder if he'll thank CW for that VIP service?

 

[Elliott]

According to the senate speakers this is a very bi-partisan bill, I guess no one
speaks ill of it, and its going to re-float the RE market....who knew you
could do that and not 'bail' it out....apparently all you have to do is
give tax credits to buy foreclosed homes, increase loan limits, and
renegoiate monthly payments so they are 'affordable.' Viola!

I'm sure there are lots of lobbyists who are ordering the Cristal
tonite.

 

[moh malekpour]

This is not S 2452. This is S 2455. A bill to stop foreclosures
S 2452 is A bill to amend the Truth in Lending Act to provide protection to consumers with respect to certain high-cost loans.

 

[rcsone]

...a lot of this has been combined and the numbers have changed, so I could be in error in number, but not in intent of attention......rs

 

[Alison Swain]

Which one is the business-killing appraiser-bond bill?

 

[rcsone]

.......regardless of number, this contains "bonding" or bondage.......just figure $100,000 costs $10 for bond and $200,000 costs $20, and etc.........the expense of bond should vary by the credit and asset relations of the bond applicant......as of now E & O will disappear in my thinkings which will offset the majority of added expense(?)..........nearly?........partially?......donot know for sure, but I am confident the insurance companies have worked that out with their Senators for their "share" of the real estate pie......and I have never felt appraisers should not be accountable legally and financially for their responsiblities in work quality........let the punishments and costs incurr for the "profit players" of the industry........afterall, have not they profited by appraisal works most of us refuse to do and they should have their credit and ownings of this monetary world in high condition for this next suitibility examination for the coming RESPONSIBILITY INSPECTORS/CALCULATORS........any suggestions or thoughts on bonding and AMC's?....best to all...........rs

 

[Elliott]

Ms. Pam,
What do you think of what's coming down the pike?