Archive for the ‘Appraising’ Category

I am hearing of lender clients having to wait too long to get their appraisals, values coming in below contract prices and major anger in the appraisal / lending world.  What is causing the Havoc?  All fingers seem to be pointing to the HVCC.  The HVCC is the new Home Value Code of Conduct – an agreement between Fannie Mae, Freddie Mac, their regulator and the District Attorney (Andrew Cuomo) of New York State.    In response to a problem with over-valuations of real estate as at contributory factor in the many bad mortgages that have caused a collapse of the financial world. Read the rest of this entry »