http://www.realestateappraisertips.info/ - Working RE: FHA, Fannie, Freddie, FHFA Talk Plainly At Valuation 2009 – You’re Mostly Not Going Like What They Had To Say!
There’s a new post on the Working RE “Appraiser Talkback Blog” entitled, “FHA, Fannie/Freddie Tell It Like It Is (to them)“. Click on the post title to read the full article by David Brauner!
Here’s a snippet:
“The appraiser Valuation 2009 conference in New Orleans this month offered unprecedented access to key regulators, AMCs and other decision makers regarding the future of the appraisal industry- that’s the good news. The bad news is that you may not like what they are saying.
Honchos from FHA, Fannie Mae, Freddie Mac and FHFA, the agency overseeing Fannie and Freddie, laid out their positions on the state of the industry since the collapse, the Home Valuation Code of Conduct (HVCC) and recent and proposed legislative and policy changes at their agencies. According to these folks, the result of HVCC so far are less pressure and better appraisals.
FHA clarified what it means by its dictate that appraiser fees must be customary and reasonable- and unless you own an AMC, you’re not going to like that either.”
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