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By: Dennis Norman Appraisals continue to be in the spotlight. Investors, builders and other sellers are complaining of losing sales due to low appraisals and often cite HVCC (Home Valuation Code of Conduct) or AMC (appraisal management companies) as the problem. One common complaint is that appraisers are being assigned to do appraisals on transactions in a [...] Dennis Norman By: Dennis Norman Monday I did the first post of a series of my E-View with Frank Gregoire, a Florida appraiser and author of Appraiser Active. Florida Governor Jeb Bush appointed Frank to the Florida Real Estate Appraisal Board where he served for eight years as a member, four of which as Chairman. Francois (Frank) K. [...] By: Dennis Norman Lawrence Yun, Chief Economist, NAR We continue to see some encouraging data on the real estate market showing that buyers may be gaining some confidence in the market. To this point, the National Association of REALTORS(R) Pending Home Sales Index Report for May showed a very modest increase of 0.1% on the index, over April, making [...] Dennis Norman In April I did a couple of posts on the Home Valuation Code of Conduct (HVCC)and found out that this was a popular, as well as controversial, topic. Among the comments I received on the topic was a very detailed and authoritative comment from an appraiser in Florida, Frank Gregoire. After checking out Frank’s blog, Appraiser Active, I [...] Dennis Norman By: Dennis Norman May1st the new Home Valuation Code of Conduct (HVCC) went into effect with regard to appraisals and the controversy over it began. Appraisers don’t like it, agents are complaining they are losing sales (which are scarce enough in this market already) as a result of it and lenders are complaining as well. This past [...] Dennis Norman By: Dennis Norman Practically the entire real estate industry seems to be abuzz about the Home Valuation Code of Conduct (HVCC) that went into effect May 1st. I first wrote about it back in early April in a post on this blog. Since Fannie Mae and Freddie Mac implemented the new rule there have been many questions [...] Dennis Norman By: Dennis Norman Earlier this month I did a post about the Home Valuation Code of Conduct (HVCC) which is scheduled to take effect May 1st (click HERE to see post) Last week, Charles McMillan, the President of the National Association of REALTORS(R) sent letters to Fannie Mae President and CEO Michael Williams and Freddie [...] By: Dennis Norman After May1st Fannie Mae and Freddie Mac will no longer accept loans that do not comply with The new Home Valuation Code of Conduct (HVCC). Since between Fannie Mae and Freddie Mac they control about 90% of the secondary mortgage market in America this will most likely affect real estate investors one way or another. The [...] |
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