hvcc: NAMB FHA/HUD Webinar
- 11/30/09 01:51 AM
Title: "NAMB / HUD Webinar"Link: http://www.slideshare.net/markmadsen/namb-hud-webinar-2580892 You do not want to miss this one! … (1 comments)
NAMB Fights for You November 3, 2009 GSE Loan Limits Extended On October 29, 2009, the House and Senate passed legislation to extend government sponsored enterprises (GSEs) loan limits until December 31, 2010. Fannie Mae, Freddie Mac, and the Federal Housing Administration (FHA) can back loans as large as $729,750. President Obama is expected to sign the legislation soon. NAMB has advocated the extension of these loan limits in House and Senate testimony and letters to Congress. NAMB Supports Extension of First-Time Homebuyer Tax Credit On November 2, 2009, NAMB sent a letter to the House of … (1 comments)
hvcc: NAMB President Jim Pair urges Representative Minnick to support HR 3126 reversing HVCC
- 10/21/09 01:58 AM
October 20, 2009 Dear Representative Minnick, I am writing to you today on behalf of the National Association of Mortgage Brokers (NAMB) to urge you to vote for an amendment to H.R. 3126, the "Consumer Financial Protection Agency Act of 2009," submitted by Representatives Childers and Miller (CA). The amendment seeks to reverse the harmful Home Valuation Code of Conduct (HVCC) and calls on regulators to work together on one set of appraisal standards. Click here to view a petition with over 100,000 signatures of Americans calling for the HVCC to be overturned. You may select your home state to find … (4 comments)
hvcc: NAMB Lesiglative Update
- 09/21/09 03:17 AM
TO: All NAMB MembersFROM: NAMB Government AffairsDear NAMB Members:On September 18, 2009 the Department of Housing and Urban Development (HUD) released Mortgagee Letters 09-28, 09-29, 09-30. These mortgagee letters contain provisions similar to those seen in the Home Valuation Code of Conduct (HVCC). Mortgagee Letter 09-28 prohibits "FHA-approved lenders... from accepting appraisals prepared by FHA Roster appraisers who are selected, retained or compensated in any manner by a mortgage broker or any member of a lender's staff who is compensated on a commission basis tied to the successful completion of a loan." Mortgagee Letter 09-29 states, "In cases where a borrower … (0 comments)
hvcc: Today is a new day
- 08/13/09 09:11 AM
Since I have not posted a blog in a week I thought we could just catch up. Mortgage land is ever changing. Rural Housing's underwriting system GUS has been DOWN for three days. To compound that issue, the local RD office is on a 15 to 20 day turntime, IF THEY EVER GET GUS back up and running. I have said prayers for the RD folks, cause they really need them. This is greatly affecting my underwriting turn times. How about I have a friend who's last RD loan took three and a half months to close! Moving on, HVCC has tripped … (0 comments)
hvcc: Meeting in Birmingham today with Rep. Spencer Bachus
- 08/04/09 01:44 AM
Meeting in Birmingham with Ranking House Member on Financial Serivces Committee Spencer Bachus! We have the hope that many brokers, realtors, appraisers and lenders will show up with letters from CONSUMERS that have been harmed by the HVCC. I have my letter and will be there! I hope you will join us! Consumers will pay 2.8 BILLION more in APPRAISAL fees this year alone because of the HVCC. Not to mention the deals that will not close due to turn times! Those are just afew of the issues that are harming consumers! I am trying to do my part to help, … (0 comments)
Your efforts to fight the HVCC are not going unnoticed!
Thanks to you, on Wednesday, July 22, the Federal Housing Finance Agency (FHFA) issued a notice on the HVCC in an attempt to stem increased criticisms about its affect on the mortgage and housing industries. Also, Fannie Mae and Freddie Mac have revised their HVCC FAQs.
FHFA Notice - Strengthening Appraiser Independence and Improving the Valuation ProcessFannie Mae FAQ
Freddie Mac FAQ
This is in direct response to your persistence in following the NAMB Call to Action, and NAMB's … (3 comments)
Title: "NAMB / HUD Webinar"Link: http://www.slideshare.net/markmadsen/namb-hud-webinar-2580892
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