http://blownmortgage.com/2009/07/14/builders-realtors-attack-new-regs-on-home-appraisal/ #1 Free Home Loan Modification & Debt Relief Help For US Home Owners - Truths, Facts & News About the Mortgage Industry Sat, 07 Nov 2009 02:53:18 -0700 http://wordpress.org/?v=2.8.3 hourly 1 http://blownmortgage.com/2009/07/14/builders-realtors-attack-new-regs-on-home-appraisal/comment-page-1/#comment-72009 Builders, Realtors attack new regs on home appraisal Tue, 14 Jul 2009 17:47:52 +0000 http://blownmortgage.com/2009/07/14/builders-realtors-attack-new-regs-on-home-appraisal/#comment-72009 [...] News Sources wrote an interesting post today onHere’s a quick excerptA bill in congress would suspend a set of rules designed to reform the relationship between mortgage brokers and appraisers. The Home Valuation Code of Conduct, which went into effect on May 1, prevents lenders from directly picking appraisers for Fannie Mae and Freddie Mac secured mortgages. This was aimed at eliminating conflicts of interest suspected of inflating home values. Under HVCC lenders must contract with third parties known as appraisal management companies which then select the appr [...] [...] News Sources wrote an interesting post today onHere’s a quick excerptA bill in congress would suspend a set of rules designed to reform the relationship between mortgage brokers and appraisers. The Home Valuation Code of Conduct, which went into effect on May 1, prevents lenders from directly picking appraisers for Fannie Mae and Freddie Mac secured mortgages. This was aimed at eliminating conflicts of interest suspected of inflating home values. Under HVCC lenders must contract with third parties known as appraisal management companies which then select the appr [...]

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