Comments on: Help for HVCC in 2010 Congress? http://gadblog.srcar.org/2010/01/15/help-for-hvcc-in-2010-congress/ Tue, 30 Aug 2011 18:47:28 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Rich Greco http://gadblog.srcar.org/2010/01/15/help-for-hvcc-in-2010-congress/comment-page-1/#comment-3904 Rich Greco Tue, 06 Apr 2010 03:21:15 +0000 http://gadblog.srcar.org/?p=1138#comment-3904 The only answer is for each and every appraiser to strike. Do not accept any work from any AMC or any lender offering you outside the box, non-HVCC regulated work. A perfect week for a strike is the week of May 1st. Don't all Communists celebrate May Day. How perfect, May Day, a call of distress. Strike now. Who will these greedy lenders turn to when there is no one around to appraise? Think long and hard, a strike may be our only salvation to get the message across that Cuomo and his buddies at Freddie and Fannie, caught withy their hand in the Cookie Jar can not dictate our livlihoods. Rich Greco Bronx, NY The only answer is for each and every appraiser to strike. Do not accept any work from any AMC or any lender offering you outside the box, non-HVCC regulated work. A perfect week for a strike is the week of May 1st. Don’t all Communists celebrate May Day. How perfect, May Day, a call of distress. Strike now. Who will these greedy lenders turn to when there is no one around to appraise? Think long and hard, a strike may be our only salvation to get the message across that Cuomo and his buddies at Freddie and Fannie, caught withy their hand in the Cookie Jar can not dictate our livlihoods.

Rich Greco
Bronx, NY

]]> By: Retired Appraiser http://gadblog.srcar.org/2010/01/15/help-for-hvcc-in-2010-congress/comment-page-1/#comment-3702 Retired Appraiser Sat, 13 Mar 2010 23:03:52 +0000 http://gadblog.srcar.org/?p=1138#comment-3702 In less than a year HVCC has ruined tens of thousands of appraisal businesses. The recession was bad enough but HVCC was the knockout blow in a one two punch combo. Why anyone would willingly take a 50% pay cut is beyond me...but appraisers seem to keep licking it up. If the goal was to place lesser experienced appraisers in the driver's seat...HVCC has succeeded beyond their wildest dreams. In less than a year HVCC has ruined tens of thousands of appraisal businesses. The recession was bad enough but HVCC was the knockout blow in a one two punch combo. Why anyone would willingly take a 50% pay cut is beyond me…but appraisers seem to keep licking it up.

If the goal was to place lesser experienced appraisers in the driver’s seat…HVCC has succeeded beyond their wildest dreams.

]]> By: Gene Wunderlich http://gadblog.srcar.org/2010/01/15/help-for-hvcc-in-2010-congress/comment-page-1/#comment-3656 Gene Wunderlich Fri, 05 Mar 2010 18:25:57 +0000 http://gadblog.srcar.org/?p=1138#comment-3656 The whole purpose of separating lenders from the appraisal process (as stated by Mr. Cuomo) has been subverted by the reality of the process. Since it seems unlikely this will go away, we are at least trying to address regulation at the state level. This HVCC is terrible policy and I was disappointed that FHA finally succumbed. It's making it harder for Realtors, homebuyers and certainly appraisers to conduct professional business as well as make a living. The whole purpose of separating lenders from the appraisal process (as stated by Mr. Cuomo) has been subverted by the reality of the process. Since it seems unlikely this will go away, we are at least trying to address regulation at the state level. This HVCC is terrible policy and I was disappointed that FHA finally succumbed. It’s making it harder for Realtors, homebuyers and certainly appraisers to conduct professional business as well as make a living.

]]> By: G-Appraiser http://gadblog.srcar.org/2010/01/15/help-for-hvcc-in-2010-congress/comment-page-1/#comment-3651 G-Appraiser Thu, 04 Mar 2010 21:52:10 +0000 http://gadblog.srcar.org/?p=1138#comment-3651 How do the "Too big to fail banks" own thier own management companies and monopolize the entire business? How is that appraiser independence with just 1 client-The Bank. In addition, these bank lists have been closed for years in my area. No business since the FHA form of HVCC went into effect. In California, join California Coalition of Appraisal Professionals. How do the “Too big to fail banks” own thier own management companies and monopolize the entire business? How is that appraiser independence with just 1 client-The Bank. In addition, these bank lists have been closed for years in my area. No business since the FHA form of HVCC went into effect. In California, join California Coalition of Appraisal Professionals.

]]> By: Gene Wunderlich http://gadblog.srcar.org/2010/01/15/help-for-hvcc-in-2010-congress/comment-page-1/#comment-3407 Gene Wunderlich Mon, 08 Feb 2010 21:40:13 +0000 http://gadblog.srcar.org/?p=1138#comment-3407 I haven't either and the HVCC bill CAR has currently in the works only seeks to increase their accountability through OREA. I haven’t either and the HVCC bill CAR has currently in the works only seeks to increase their accountability through OREA.

]]> By: Appraiser Inactive http://gadblog.srcar.org/2010/01/15/help-for-hvcc-in-2010-congress/comment-page-1/#comment-3404 Appraiser Inactive Mon, 08 Feb 2010 19:02:12 +0000 http://gadblog.srcar.org/?p=1138#comment-3404 Don't be fooled by states who claim to want to regulate AMCs. I have yet to read a state proposal that does anything to help borrowers or appraisals. States are only trying to recoup millions of dollars in lost tax revenue that is going to out of state AMCs. If you run across a state that is trying to help appraisers by requiring AMCs to separate the AMC fee from the appraisal fee or pay full market fees let me know. I've seen no evidence of this happening. Don’t be fooled by states who claim to want to regulate AMCs. I have yet to read a state proposal that does anything to help borrowers or appraisals. States are only trying to recoup millions of dollars in lost tax revenue that is going to out of state AMCs. If you run across a state that is trying to help appraisers by requiring AMCs to separate the AMC fee from the appraisal fee or pay full market fees let me know. I’ve seen no evidence of this happening.

]]> By: Gene Wunderlich http://gadblog.srcar.org/2010/01/15/help-for-hvcc-in-2010-congress/comment-page-1/#comment-3392 Gene Wunderlich Sat, 06 Feb 2010 06:20:26 +0000 http://gadblog.srcar.org/?p=1138#comment-3392 It is a sad situation - and while technically HVCC expires this year, the mechanism has been put in place and will not likely go away. I don't know what state you live in but in CA we are trying to address this as a state issue and are introducing two bills aimed at regulating AMC's this year. It is a sad situation – and while technically HVCC expires this year, the mechanism has been put in place and will not likely go away. I don’t know what state you live in but in CA we are trying to address this as a state issue and are introducing two bills aimed at regulating AMC’s this year.

]]> By: Tammie http://gadblog.srcar.org/2010/01/15/help-for-hvcc-in-2010-congress/comment-page-1/#comment-3368 Tammie Tue, 02 Feb 2010 18:33:06 +0000 http://gadblog.srcar.org/?p=1138#comment-3368 I am still holding out, holding on to your properties and trying to work for 1/2 price until (if there IS an until) this is all over. I just thank God we still HAVE a job... I am very upset that we have no free enterprise with our business, my husband has 20 years experience and is doing appraisals for 1/3rd of what he is worth and not able to contact his old clients for work..SO SAD I am still holding out, holding on to your properties and trying to work for 1/2 price until (if there IS an until) this is all over. I just thank God we still HAVE a job… I am very upset that we have no free enterprise with our business, my husband has 20 years experience and is doing appraisals for 1/3rd of what he is worth and not able to contact his old clients for work..SO SAD

]]> By: David http://gadblog.srcar.org/2010/01/15/help-for-hvcc-in-2010-congress/comment-page-1/#comment-3280 David Fri, 22 Jan 2010 23:25:38 +0000 http://gadblog.srcar.org/?p=1138#comment-3280 H.R. 1728 is (was) a noble thought but came about nearly one year too late. The reality is that FNMA & Freddie Mac will be dismantled before the senate and house can come to understand that HVCC has already ruined the real estate profession as well as raped consumers royally. I am amazed that consumers are willingly paying 50% for appraisals that are being complete by incompetent appraisers. Intelligent appraisers were smart enough to leave the business when the government forced a 50% paycut upon them. H.R. 1728 is (was) a noble thought but came about nearly one year too late. The reality is that FNMA & Freddie Mac will be dismantled before the senate and house can come to understand that HVCC has already ruined the real estate profession as well as raped consumers royally.

I am amazed that consumers are willingly paying 50% for appraisals that are being complete by incompetent appraisers. Intelligent appraisers were smart enough to leave the business when the government forced a 50% paycut upon them.

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