HVCC - Crucial Update on House Bill 3044 for putting a moratorium on HVCC

Appraisal fees should be up, considering the extra 45 minutes required to complete the 1004MC.  Appraisers should be getting fees around $450 for a typical single family, but as a result of the greed and market share grab by the Appraisal Mangement Companies (AMC's), most Appraisers are only getting $200-230. 

Complaining won't create any changes.  It's up to Appraisers to turn down this sweatshop priced work, and move onto a better career, where they'll truly be appreciated.  I've learned that talking to Agents, or Mortgage Brokers about this issue is a complete waste of time, as most of them don't give a rats behind about anyone except themselves. 

Not until most of the worthy Appraisers have left the profession, and the industry is left in shambles, will someone with the power an ability to reverse this idiotic rule.  Andrew Cuomo is a politician, not an Ecomomist, not a Realtor, not a Mortgage Broker, and sure as hell not an Appraiser.  He had no business playing God with the industry, and in the end he'll have egg on his ugly face.

I've said it before, and I'll say it again. the only thing that needed to be done to correct the major lender pressuring problems, was and will eventually be, better (in-house) reviews by the Lenders, and "real enforcement" by the State Appraisal Regulators.