hvcc: Fogginess of Dodd Frank, LA Appraisers Board on Agent Appraiser Communication
- 12/07/13 11:16 AM
What Louisiana Real Estate Appraiser's Board Says About Agent Appraiser Communication based on Fogginess of Dodd Frank Regs Before I talk about the Louisiana Appraiser's Board, Tom Horn, SRA of Birmingham Appraisal Blog, just wrote entitled, Clearing the air- A look at exactly what real estate agents and appraisers can talk about
Now onto the Louisiana Appraiser's Board insight into Dodd-Frank I spoke with Tad Bolton, SRA at Louisiana RE Appraiser's Board. He's the Chief Investigator of complaints filed against Appraisers and was a Home Appraiser for 36 years. He says, based on Dodd-Frank, the ONLY person the Appraiser … (0 comments)
The Niche Report’s Appraiser Sound Off, August 2010 Issue has an interesting HVCC article titled, “Hijacked Vocation Completely Collapses“, written by Regina Hoover, owner of Sumner Appraisal Service in Middle Tennessee. This is certainly recommended reading on Tips to overcome HVCC. I have provided 3 snippet paragraphs below. Be sure to visit the Appraiser Sound Off for the entire article. “Now when I hear the acronym HVCC, I hear “Hijacked vocation completely collapses.” Before you go off about how I speak from my emotions, let me clarify. I concur 100 … (1 comments)
hvcc: A Simple Fix for the HVCC
- 08/10/09 10:57 PM
http://www.realestateappraisertips.info/ - Dave Towne: A Simple Fix for the HVCC
A Simple Fix for the HVCC Unintended consequences of the HVCC agreement has come close to decimating the appraisal industry, and many in mortgage lending. The fix is simple, and easily implemented by Cuomo, FannieMae and FreddieMac and the other regulators. I can be done in just a few weeks. The simple fix is to require a personally signed (digital signature permitted) appraisal order form which contains a mandated certification and compliance statement approved by FannieMae, FreddieMac and Cuomo, with the license number of the signer, which states the individual (not … (0 comments)
Here's This Home Appraiser's Tips To Keep Appraisal Issues From Stopping Your Deals:
1.) Apply "Declining Markets Adjustments" To Price Your Listings Accurately......The Appraiser Will. Why Are Appraisers Applying "Declining Markets Adjustments" to their sold comps, per National Appraisal and Lender Guidelines, and some Agents don't even know that "Declining Markets Adjustments" exist? I was reading here recently on Active Rain about Agents that are shocked by "Low Appraisals", some because of this new term, "Declining Markets Adjustments". On … (0 comments)
I'm reading this morning from the Mortgage New Daily Email about "HR 3044: To Impose 18-month Moratorium on HVCC". The reasons given for the moratorium are these below as directly quoted: "In the period of time since its implementation, the HVCC has increased costs to consumers and decreased the quality of appraisals and has provided a level of uncertainty in an ailing housing market. Tens of thousands of consumers have already been robbed of their opportunity to enjoy historically low rates by Attorney General … (8 comments)
What Louisiana Real Estate Appraiser's Board Says About Agent Appraiser Communication based on Fogginess of Dodd Frank Regs
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