I’ve written numerous posts about the contretemps over the new appraisal standards, commonly referred to as HVCC. The realtor industry keeps whining about the appraisal management companies bringing in appraisals that are lower than the sales price and this is scotching their deals. My position has been that it’s about high time appraisers brought in […]

If you follow this blog, you know that I’ve posted a lot about the new appraisal guidelines and that there is quite a bit of controversy surrounding them. I’ll leave links at the bottom to my prior posts but right now, I want to offer some quick thoughts based on some reaction I’ve had to […]

Just to keep any of you who might have an interest in the ongoing controversy over the appraisal reforms, here is an update from HousingWire on new legislation. Two lawmakers serving on the House Financial Services Committee introduced HR 3044 late last week in an effort to temporarily lift new requirements from valuations and the […]

You may have been following the several articles that I’ve written on the controversy swirling around the new appraisal procedures. Those articles were picked up and syndicated elsewhere. One commenter, Drew Sygit, left some well reasoned comments on the Seeking Alpha website. I’m not sure that Drew and I are far off on a lot […]

The National Association of Home Builders has joined the National Association of Realtors in the fight to roll back the Home Valuation Code of Conduct. Actually, I’m not sure they want to roll back the HVCC so much as they want to dictate the methodology that appraisers currently use to arrive at a value for […]