HOME APPRAISAL SYSTEM COULD BE DUSTBIN-BOUND

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Real Estate Agent with Realty Group Referrals 16766

HOME APPRAISAL SYSTEM COULD BE DUSTBIN-BOUND

THE NATION'S HOUSING  TODAY'S ISSUE OF THE WASHINGTON POST

By Kenneth R. Harney

"Could the controversial appraisal system imposed nationwide by mortgage giants Fannie Mae and Freddie Mac in May -- and now tied to lowball property valuations, busted home sale transactions and higher fees to consumers -- be on its way out?

It just might be. Under a bipartisan amendment approved Oct. 22 by the House Financial Services Committee, the "Home Valuation Code of Conduct" would be terminated early in the existence of a proposed new Consumer Financial Protection Agency."

http://www.washingtonpost.com/wp-dyn/content/article/2009/10/29/AR2009102905139.html

"The amendment would require the agency's director to replace the code with an improved set of rules developed through the regular administrative procedures, with public comment periods, used by all federal agencies. The valuation code, by contrast, was the product of a settlement among New York Attorney General Andrew M. Cuomo and representatives of Fannie Mae, Freddie Mac and the two quasi-private companies' regulator, the Federal Housing Finance Agency."

ARE YOU IN FAVOR OF AN EARLY TERMINATION OF THE CURRENT APPRAISAL SYSTEM?

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Roy and Dolores Kelley Photographs

Roy Kelley and Associates

 

Roy Kelley, Associate Broker

Realty Group Referrals (Retired from RE/MAX Realty Group)

6 Montgomery Village Ave., Suite 200

Gaithersburg, MD 20879

Main Office:  301-258-7757 (You will not reach me at this number)

Send an email message if you need my phone numbers. I will be happy to recommend a real estate professional if you are moving to the area.

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Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

We have unusually mild weather in Maryland. Dolores will be attending a Red Hat Society lunch meeting today.

Feb 22, 2017 06:43 AM #1
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

We have another beautiful day in Maryland. It is a good time for outdoor activities. 

Apr 13, 2017 09:18 AM #2
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

We have a lovely afternoon in Maryland and Dolores is on the golf course at Montgomery Country Club. I hope you are having a very special day.

Oct 19, 2017 09:30 AM #3
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