Real estate blog entries tagged with the aftermath of the home valuation code of conduct by Premiere Mortgage Services Inc.

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Home : Blogs : Dana Bain : Dana's Blog : Tag "the aftermath of the home valuation code of conduct"

the aftermath of the home valuation code of conduct: The Aftermath of The Home Valuation Code of Conduct. - 06/22/10 08:41 PM

1) NAMB conservatively estimates (breakdown below) that the HVCC is costing consumers over 2.8 BILLION dollars a year in extra fees, created by long delays (extended lock-in fees) and higher appraisal costs.
2) Unregulated Appraisal Management Companies (AMCs), who have been the subject of several misconduct investigations, are the centerpiece of the HVCC. The original Cuomo investigation involved a federally chartered bank and an AMC.
3) AMCs are driving honest appraisers and mortgage brokers from business, eliminating competition, increasing costs to consumers and reducing state revenue. The HVCC is causing significant delays in real estate transactions, hurting real estate agents, … (0 comments)

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Dana Bain

Sterling, MA

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