Don't miss the coming market! Get our free 2012 St Louis real estate forecast.

Fannie Mae Releases Appraiser Independence Requirements

Dennis Norman

Now that the controversial (to put it mildly) Home Valuation Code of Conduct (HVCC) has been put to rest as part of The Dodd-Frank Wall Street Reform, Fannie Mae has released their “Appraiser Independence Requirements“.  Fannie Mae says the purpose of these requirements is to:

Protect the independence of appraisers and the [...]

H.R. 4173; The Dodd-Frank Wall Street Reform and what it means to appraisers

Frank Gregoire

My world was much different in the late 1980’s. Although I was in the real estate business and the real estate appraisal profession for a decade, political activity did not interest me. Here at Gregoire & Gregoire, we had already been using a networked mini-computer for appraisal reporting since 1983, but I [...]

HVCC, AMC’s and the Appraisal Industry; a view from the inside

Editor’s note – Last month we published an article about HVCC which drew quite a few comments and responses….one such response was from veteran appraiser Paul Collins in which he shares his frustration with the state of the industry and the impact of lenders and legislation on his industry. Our thanks to Paul for allowing [...]

Financial Reform Bill Kills HVCC; Helps Appraisers

Dennis Norman

07/17/10-Correction – This past week Congress passed H.R. 4173, the Wall Street Reform and Consumer Protection Act which is the most comprehensive reform to the banking industry since the Great Depression.  The bill now awaits President Obamas signature which is expected to happen in the coming week.

This is a very comprehensive [...]

Bill in congress to stop HVCC gains momentum

Dennis Norman

By: Dennis Norman 

Since going into effect May1st the new Home Valuation Code of Conduct (HVCC) has caused controversy, been blamed for killing sales and seems it has everyone up in arms.

In late June I did a post on another blog about a bill,  H.R. 3044, that was introduced in the [...]