home valuation code of conduct: Update on the HVCC for brokers and appraisers - 12/29/08 11:18 AM
To all appraisers and mortgage professionals:
I have posted a letter on my website that I have provided to all of my clients that outlines the HVCC, including what it is, what it does, who it affects, and what they can do about it. I think it provides a reasonable summary that would be beneficial for appraisers to provide to their clients, and is just good information for mortgage brokers and lenders who aren't completely up to date on the situation.
Anyone is welcome to copy it for your own use, as long as you understand that while I believe that the content … (3 comments)
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home valuation code of conduct: Update on the HVCC and the AMC's push for business - 11/21/08 11:25 AM
I'm annoyed today. I received two conflicting pieces of information on what has been going on with the HVCC. The first came from an appraiser friend in Maryland, who received an email from their state board representative who was at a national meeting of the appraisal foundation. That email said:
"I know you are all concerned about the HVCC that resulted from the FannieMae/FreddieMac agreement with the State of New York.
From what I could learn at The Appraisal Foundation's Board of Trustees meeting, it is highly unlikely that the HVCC will go into effect on January 1 of next … (19 comments)
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home valuation code of conduct: More on the HVCC and a suggestion for a better way... - 06/11/08 02:44 PM
I have been getting more and more email about the HVCC (Home Valuation Code of Conduct) agreement, and the more I read it, the more I hate it. Once again (similar to prior attempts to curb lender pressure), it is a poorly worded document that only truly hurts the appraisers, while giving the equivalent of only a nasty look to the lenders and loan officers that created the problem. As appraisers have always stated, without having to worry about future business, we would never inflate a value. But when you are one of those crazy people that likes to eat and have … (5 comments)
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