Subject: Don't just vent about UAD 3.6

[Surf Cat]

Jumped on a bandwagon once, with Pam, there were thousands on that, to fight the AMC's, turned out Cuomo's sister was involved in one and used his power to push the AMC model into what it has become today.

First time I've heard that Cuomo's sister was involved, so I looked it up and here's what AI came up with.....the HVCC though....my lord, that was the killer of the profession.....

No, Andrew Cuomo's sister was not involved in the decision to direct appraisals to Appraisal Management Companies (AMCs). That policy change occurred during Andrew Cuomo's tenure as New York Attorney General in the late 2000s, long before his sister Madeline Cuomo became a central figure in his political operations.

The shift toward AMCs is attributed to Andrew Cuomo himself, specifically through the implementation of the Home Valuation Code of Conduct (HVCC) while he was AG. Industry critics argue that this move, which he championed to eliminate conflicts of interest in mortgage lending, inadvertently empowered AMCs and harmed independent appraisers.

 

[jay trotta]

First time I've heard that Cuomo's sister was involved, so I looked it up and here's what AI came up with.....the HVCC though....my lord, that was the killer of the profession.....

No, Andrew Cuomo's sister was not involved in the decision to direct appraisals to Appraisal Management Companies (AMCs). That policy change occurred during Andrew Cuomo's tenure as New York Attorney General in the late 2000s, long before his sister Madeline Cuomo became a central figure in his political operations.

The shift toward AMCs is attributed to Andrew Cuomo himself, specifically through the implementation of the Home Valuation Code of Conduct (HVCC) while he was AG. Industry critics argue that this move, which he championed to eliminate conflicts of interest in mortgage lending, inadvertently empowered AMCs and harmed independent appraisers.

Stirring the pot generally gets good results, glad you peeked