Comments on: Work With Your Real Estate Agents To Fight HVCC

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By: Real estate marketing

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By: Ruth Ahlbrand

Ruth Ahlbrand — Tue, 18 Aug 2009 04:08:13 +0000

Your article was well written, insightful and food for thought for all of us in the industry. We plan on Tweeting about it as well.

Ruth Ahlbrand
Broker/Owner Re/Max Central of Las Vegas
http://www.LasVegasRelocation.com

By: mocohn

mocohn — Sat, 25 Jul 2009 00:55:05 +0000

FHFA Confirms HVCC is doing much better than bad press its receiving.
On July 22, 2009 FHFA released a notice reinforcing the long term role of the HVCC in restoring the real estate market as a whole. In a short but very straight forward letter the agency addressed some very key points about the negative press the HVCC is receiving by the industry. The agency emphasized that the HVCC is not the cause of all the bad press about it but is rather a process that is helping restore the real estate industry as a whole. It addresses key points in respected to the use of AMC's, Increased Cost of closing and turnaround times.

In conclusion they emphasized the "critical role" of the HVCC and how important accurate appraisals and quality appraisers are to the underwriting process.

This comes in at time in which the HVCC is the topic of much controversy and bad press. Although some of the bad press is a legitimate concern the majority of it is the industry lashing out on a major business change as everyone is still going through an adjustment period.

By: mocohn

mocohn — Thu, 23 Jul 2009 00:55:33 +0000

URGENT HVCC UPDATE:

HVCC Continues to devastate home values across the US. We fear that with higher Fannie and Freddie loan limits it will carry through to our former “jumbo” markets, leading the country even further into recession. As we’ve shared, Representatives Childers (D-MS) and Miller (R-CA) introduced legislation (H.R. 3044) requesting an 18 month moratorium on the Home Valuation Code of Conduct (HVCC). H.R. 3044 now has 22 co-sponsors and now is the time to forward our petition to every person you know and every representative in the country. Read some of the comments in the petition and you will soon understand the harmful nature of this horribly misguided code.

ThinkBigWorkSmall applauds the introduction of H.R. 3044 and would like to thank Representative Childers (D-MS) and Representative Miller (R-CA) for their continued efforts and leadership on this issue but it is not enough... Tens of thousands of consumers have already been robbed of their opportunity to enjoy historically low rates by Attorney General Andrew Cuomo’s rule. HVCC needs to be permanently reversed in order to restore lower costs to the consumer and to protect the thousands of real estate transactions stalled by this horribly misguided code.

Please sign and forward the following petition and forward to everyone you know in the industry and ask them to forward to their representatives:

www.hvccpetition.com

By: mocohn

mocohn — Sun, 19 Jul 2009 03:32:28 +0000

We appraisers have joined in the fight.

By: Mandelman

Mandelman — Sun, 12 Jul 2009 17:25:56 +0000

Hey Mark…

I thought I's let you and your readers know that I wrote the cover story for July issue of The Niche Report magazine… and it's all about HVCC. The title is: “Cuomo's Crossing – An Outsider's Appraisal of the New HVCC Rules.” You can find it here: http://mandelman.ml-implode.com/2009/07/julys-n...

By: Nitesh mundra

Nitesh mundra — Fri, 10 Jul 2009 12:07:25 +0000

Great post on how to diminish the negative like HVCC ,really very value and must read for real estate agents

http://www.kuester.com

HOA Manager Charlotte

By: Jim Gilbert

Jim Gilbert — Fri, 10 Jul 2009 04:59:56 +0000

Good article. I have seen the affects of HVCC here in Austin — lost one job due to an appraiser who did not know the area well enough.