July 15, 2009

New home appraisal rules stir industry backlash - USAToday #HVCC

Usat_logo2 By Alex Veiga, AP Real Estate Writer

Less than three months after new rules for home appraisers kicked in, the real estate industry is in   uproar.

Realtors, homebuilders, mortgage brokers and the
appraisal industry itself all agree the rules are causing problems.
Some are backing a bill in Congress ...

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July 14, 2009

[NAHB] 26% Of Appraisals Faulty While AMC’s Talk Parrots More #HVCC Issues

Housing Helix Logo From Miller Samuel CEO's Matrix Blog, more on Home Valuation Code of Conduct Woes, This time from the National Association of Home Builders.

NAHB regroup on the HVCC/Appraisal issue from after a very silly press release a few weeks ago to a more coherent message in the to ...

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July 10, 2009

Appraisers Shunning FHA Assignments - Citing Issues with #HVCC - Inman News

Logo of the Federal Housing Administration.Image via Wikipedia

rules governing appraisals on loans slated for purchase by Fannie Mae
and Freddie Mac are also affecting valuations conducted for loans
guaranteed by the Federal Housing Administration, trade groups
representing appraisers say.

The Home Valuation Code of Conduct,
which went into effect May 1 for loans ...

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July 10, 2009

Realtors: Appraisal Rule Hurts Sales #HVCC

Dallas Business Journal - by Katherine Cromer Brock Staff writer

Dallas-area real estate agents are struggling to maintain sales in a
down housing economy and say thatImage Courtesy of Dallas Business Journal new federal regulations on appraisals
that went into effect May 1 are impeding a faster recovery.

The Home Valuation Code of Conduct is an ...

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July 10, 2009

New Appraisal Code Causes Chaos - CNBC #HVCC

Federal Home Loan Mortgage Corporation (Freddi...Image via Wikipedia

From CNBC.COM   The new "code of conduct" that was supposed to
protect lenders and borrowers from faulty appraisals has caused higher
costs, delays and considerable chaos in home sales and loan refinances.

Home Appraisal

brokers, appraisers and real estate agents are up in arms over the new ...

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July 10, 2009

New appraisal rules tangle home sales - #STL #HVCC

St-Louis, MissouriImage by • Christian & Cie • via Flickr

New appraisal rules tangle home sales
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July 10, 2009

Home Valuation Code #Red tape is strangling closings on homes #HVCC

Mortgage firms’ increased scrutiny is killing deals, delaying the sales process

By NANCY SARNOFF - Houston Chronicle

The days of being
able to sign a contract on a house and then pick up the keys in a
matter of weeks — or even days — are fading.

From start to
finish ...

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July 9, 2009

NAR - Pending Home Sales Up - Risk of Home Valuation Code of Conduct Could Derail #HVCC

Dr. Lawrence Yun, PHDImage by tboard via Flickr

Pending home sales show a sustained uptrend, rising for four consecutive
months, with very favorable housing affordability and a first-time
tax credit boosting activity, according to the National
Association of Realtors

The Pending Home Sales Index, a
forward-looking indicator based on contracts signed ...

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July 8, 2009

More from MSNBC on HVCC - Video About Appraisals Reducing Housing Sales

Visit msnbc.com for Breaking News, World News, and News about the Economy

July 8, 2009

NAR: Looks Like Home Valuation Code of COnduct Issues are Slowing Home Sales - #HVCC

Great post by Robert Freedman, Senior Editor, REALTOR® Magazine

For weeks, NAR (National Association of Realtors) has been getting e-mails and phone calls on problems caused by the implRmo_blog_header_logoementation of the Home Valuation Code of Conduct. If you’re not familiar with HVCC, it’s an agreement entered into between ...

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