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NAR Calls For 1-Year Delay on Home Valuation Code of Conduct - Letter to Fannie and Freddie

Download Williams Fannie Mae HVCC Delay 04202009

Download Koskinen Freddie Mac HVCC Delay 04202009

This is a Call to Action! Please contact your Senators and Representatives TODAY and urge them to STOP or DELAY (for at least 12 months) the implementation of the Home Valuation Code of Conduct ("HVCC") which is de facto regulation, forced on Freddie Mac and Fannie Mae by New York Attorney General Cuomo. The file below contains a list of key talking points to bring to the attention of your legislators.

Please contact your legislators today at their in-district offices, as Congress is currently in recess. You can access the contact information for your legislator here. We encourage you to keep trying to contact them if you are not initially successful. It is vital to the overall effectiveness of this call.

Please forward the Call To Action pdf below to your mortgage broker and appraiser contacts.

Download CAMB Call To Action

Posted by Brian Davis on 04/20/2009 04:27 PM

Comments (5)

hvcc, home valuation code of conduct, appraisers

Post is included in group: Appraisers
Post is included in group: The Appraisal Process - From A to Z

5 Comments on NAR Calls For 1-Year Delay on Home Valuation Code of Conduct - Letter to Fannie and Freddie

APR

Why didn't they just wait till May 2nd ! Real estate appraisers have been warning everyone for months about this.

APR

Somehow I'm guessing May 1st is a definite ... Brian? Your thoughts?

APR

Head in the sand Sara - Unless someone is willing to come forward with a "Stay of Execution" type call (last minute extension) . . . I'm figuring that this WILL go in to effect. Regardless, most of the ill-effects have already occurred (move to AMC ordering, etc.).

In typical fashion . . . the lender community is waaaay out in front on this issue. They've been planning and making modifications to their workflow since last Summer.

Appraisers on the other hand have been waiting, with their heads in the sand, hoping that it would just go away. Our appraisal organizations have done little to prepare appraisers for the eventuality that it would go into effect.

Brian J. Davis

http;//www.OurAppraisal.com

Brian, you are so right about the appraisal organizations! Funny thing is I jest received an invite to join the BIG ONE, at a 50% discount. WOW Main benefit, discount on their over price CE courses. Instead of fighting it and trying to lobby against it, they just sit there and take it. I personally know of two appraisers, who did not renew their membership, for that reason. The main problem with appraisers, is that most of us work by our selves or in small firms, and we don't ave any large national voice.

And for the record, my prior post was just my frustration coming out, it was in noway a knock on your post. I hope to see more posts from you in the future.

Michael -

I understand your frustration! I gave up my SRA designation a few years back for reasons probably similar to your friends. I don't get to post much here on ActiveRain due to my invlolve ment with http://www.AppraisersWaterCooler.com and http://www.AppraisalScoop.com

On the Water Cooler, I've promoted the concept of Appraiser Tribes - http://appraisalscoop.ning.com/group/appraisertribes

The Tribes concept is one where appraisers take control on a local basis . . .maybe county by county, or state by state. It just takes leadership!

Brian J. Davis

http://www.OurAppraisal.com

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