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Senate discussion of 2452 today.

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rcsone

Senior Member
Joined
May 26, 2007
Professional Status
Certified Residential Appraiser
State
Oklahoma
....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
 
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rcsone

Senior Member
Joined
May 26, 2007
Professional Status
Certified Residential Appraiser
State
Oklahoma
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

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Apr 23, 2002
Professional Status
Certified General Appraiser
State
Oregon
Its 9:38 am PDT, and Cspan-senate seems to be talking about
Housing Recovery Act.
 

Elliott

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Apr 23, 2002
Professional Status
Certified General Appraiser
State
Oregon
Dodd speaks. I wonder if he'll thank CW for that VIP service?
 

Elliott

Elite Member
Joined
Apr 23, 2002
Professional Status
Certified General Appraiser
State
Oregon
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

Elite Member
Joined
May 25, 2002
Professional Status
Certified Residential Appraiser
State
California
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

Senior Member
Joined
May 26, 2007
Professional Status
Certified Residential Appraiser
State
Oklahoma
...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

Senior Member
Joined
Sep 13, 2005
Professional Status
Certified Residential Appraiser
State
Florida
Which one is the business-killing appraiser-bond bill? :unsure:
 

rcsone

Senior Member
Joined
May 26, 2007
Professional Status
Certified Residential Appraiser
State
Oklahoma
.......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

Elite Member
Joined
Apr 23, 2002
Professional Status
Certified General Appraiser
State
Oregon
Ms. Pam,
What do you think of what's coming down the pike?
 
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