Comments for AppraisalNEWSCAST.com http://appraisalnewscast.com Connecting the Valuation world Thu, 11 Mar 2010 15:15:13 +0000 http://wordpress.com/ hourly 1 Comment on Appraisal Management Survey Sheds Light on Industry Propaganda by ryan http://appraisalnewscast.com/2010/03/06/appraisal-management-survey-sheds-light-on-industry-propaganda/#comment-87 ryan Thu, 11 Mar 2010 15:15:13 +0000 http://appraisalnewscast.com/?p=421#comment-87 I love how this article states that AMC's "ONLY" retain 20-30% of the fee. I don't think that they add 20-30% in value to the lender. There are other options out there for lenders and appraisers...you just have to look around. The changes (hvcc and fha) don't "require" lenders to use an AMC. I love how this article states that AMC’s “ONLY” retain 20-30% of the fee. I don’t think that they add 20-30% in value to the lender. There are other options out there for lenders and appraisers…you just have to look around. The changes (hvcc and fha) don’t “require” lenders to use an AMC.

]]> Comment on Zillow May Not Be Ready For Prime Time by Ditech Home Loans http://appraisalnewscast.com/2010/02/20/zillow-may-not-be-ready-for-prime-time/#comment-86 Ditech Home Loans Wed, 10 Mar 2010 22:24:15 +0000 http://appraisalnewscast.com/?p=373#comment-86 Online home valuation sites can be misleading to sellers and borrowers looking to buy or refinance. They would be better served by a real estate agent, lender, or appraiser with access to a database of comparable home sales that can be used to determine a real value estimate. Online home valuation sites can be misleading to sellers and borrowers looking to buy or refinance. They would be better served by a real estate agent, lender, or appraiser with access to a database of comparable home sales that can be used to determine a real value estimate.

]]> Comment on Appraisal Management Survey Sheds Light on Industry Propaganda by Appraisal Management Company Directory 2009. | Insider Forex Secrets Guide http://appraisalnewscast.com/2010/03/06/appraisal-management-survey-sheds-light-on-industry-propaganda/#comment-85 Appraisal Management Company Directory 2009. | Insider Forex Secrets Guide Tue, 09 Mar 2010 20:55:15 +0000 http://appraisalnewscast.com/?p=421#comment-85 [...] Appraisal Management Survey Sheds Light &#959&#1495 Industry Propaganda … [...] [...] Appraisal Management Survey Sheds Light &#959&#1495 Industry Propaganda … [...]

]]> Comment on Appraisal Management Survey Sheds Light on Industry Propaganda by dan richmond http://appraisalnewscast.com/2010/03/06/appraisal-management-survey-sheds-light-on-industry-propaganda/#comment-83 dan richmond Tue, 09 Mar 2010 16:45:47 +0000 http://appraisalnewscast.com/?p=421#comment-83 I am wondering just how neutral a survey is when it is done for the benefit of the publisher. Finally, AMC's are being regulated as they should be . They have run rough shod over the appraiser since the beginning. AMC's increased in power as the major lenders recognized there is another profit center in this "real estate game". Hopefully, HR 4173 will be passed soon...in that bill the lender will pay the appraiser directly and the AMC will clearly state what service they are providing and what the lender is paying for. It's about time! I am wondering just how neutral a survey is when it is done for the benefit of the publisher. Finally, AMC’s are being regulated as they should be . They have run rough shod over the appraiser since the beginning. AMC’s increased in power as the major lenders recognized there is another profit center in this “real estate game”. Hopefully, HR 4173 will be passed soon…in that bill the lender will pay the appraiser directly and the AMC will clearly state what service they are providing and what the lender is paying for. It’s about time!

]]> Comment on Appraisal Management Survey Sheds Light on Industry Propaganda by Does AMC Survey Shed Light on “Propoganda”? : Appraisal Insight http://appraisalnewscast.com/2010/03/06/appraisal-management-survey-sheds-light-on-industry-propaganda/#comment-82 Does AMC Survey Shed Light on “Propoganda”? : Appraisal Insight Mon, 08 Mar 2010 20:09:12 +0000 http://appraisalnewscast.com/?p=421#comment-82 [...] appraisal management companies (AMC).  According to AppraisalNEWSCAST.com (the Coester blog), the survey sheds light on industry propaganda.  “After further analysis of the data from the Annual [...] [...] appraisal management companies (AMC).  According to AppraisalNEWSCAST.com (the Coester blog), the survey sheds light on industry propaganda.  “After further analysis of the data from the Annual [...]

]]> Comment on Obama May Ban Foreclosures Without Review by Stephan Jackson http://appraisalnewscast.com/2010/03/04/obama-may-ban-foreclosures-without-review/#comment-81 Stephan Jackson Mon, 08 Mar 2010 18:57:13 +0000 http://appraisalnewscast.com/?p=417#comment-81 We have a program here in Atlantic County NJ called R.E.AL Help (Realty Experts Alligned to Help) which was put together by the Sheriff's Office here and local realtors. This program was initially designed to provide a qualified clearinghouse of information that can assist in helping homeowners to not end up on the Sheriff Sale listings. We have had great success in our first year of functioning, but the issue now changes focus towards the 100's of people who, for whatever reason, either failed to act, or chose to ignore the financial institutions mailings, calls etc. Now it is these people, our neighbors, relatives, friends parents and children who are faced with the possibility of loosing the most important and often the largest investment of their lives...a home. The Obama program being proposed can only help in providing the type of assistance that the American people need and deserve. There is only so much that we can do at the local level to force the banking community into creating and following a template to follow and be held accountable for...I guess the word now will be accountability, across the board! We have a program here in Atlantic County NJ called R.E.AL Help (Realty Experts Alligned to Help) which was put together by the Sheriff’s Office here and local realtors. This program was initially designed to provide a qualified clearinghouse of information that can assist in helping homeowners to not end up on the Sheriff Sale listings. We have had great success in our first year of functioning, but the issue now changes focus towards the 100’s of people who, for whatever reason, either failed to act, or chose to ignore the financial institutions mailings, calls etc. Now it is these people, our neighbors, relatives, friends parents and children who are faced with the possibility of loosing the most important and often the largest investment of their lives…a home. The Obama program being proposed can only help in providing the type of assistance that the American people need and deserve. There is only so much that we can do at the local level to force the banking community into creating and following a template to follow and be held accountable for…I guess the word now will be accountability, across the board!

]]> Comment on Appraisal Management Survey Sheds Light on Industry Propaganda by bcoester http://appraisalnewscast.com/2010/03/06/appraisal-management-survey-sheds-light-on-industry-propaganda/#comment-79 bcoester Sun, 07 Mar 2010 06:12:35 +0000 http://appraisalnewscast.com/?p=421#comment-79 Francois, thank you for the comment. I agree the HVCC was thrown on AMC's as they had a business model helping banks (who haven't been allowed to order there own appraisals since 1992) and larger financial institution, Citi, BOA, Chase.. etc. Legislation is probably going to hurt the consumer more than anything as prices will go up. We recently paid over $25,000 in fees associated with getting registered as an AMC in several states with insurance, bonds and attorney fees included. As more and more AMC's take on this its only going to increase the cost to the consumer. What they really need is a national legislation that would enable AMC's to be registered, audited and confirmed compliant but also enable enterprising appraisal start-ups to become an AMC and compete with the LSI's Francois, thank you for the comment. I agree the HVCC was thrown on AMC’s as they had a business model helping banks (who haven’t been allowed to order there own appraisals since 1992) and larger financial institution, Citi, BOA, Chase.. etc. Legislation is probably going to hurt the consumer more than anything as prices will go up. We recently paid over $25,000 in fees associated with getting registered as an AMC in several states with insurance, bonds and attorney fees included. As more and more AMC’s take on this its only going to increase the cost to the consumer. What they really need is a national legislation that would enable AMC’s to be registered, audited and confirmed compliant but also enable enterprising appraisal start-ups to become an AMC and compete with the LSI’s

]]> Comment on Appraisal Management Survey Sheds Light on Industry Propaganda by Why Do You Need a Real Estate Appraisal? Qnagold.com | Real Estate Finance Wisdom http://appraisalnewscast.com/2010/03/06/appraisal-management-survey-sheds-light-on-industry-propaganda/#comment-78 Why Do You Need a Real Estate Appraisal? Qnagold.com | Real Estate Finance Wisdom Sun, 07 Mar 2010 01:18:11 +0000 http://appraisalnewscast.com/?p=421#comment-78 [...] Appraisal Management Survey Sheds Light on Industry Propaganda … [...] [...] Appraisal Management Survey Sheds Light on Industry Propaganda … [...]

]]> Comment on Appraisal Management Survey Sheds Light on Industry Propaganda by D. Bain http://appraisalnewscast.com/2010/03/06/appraisal-management-survey-sheds-light-on-industry-propaganda/#comment-77 D. Bain Sat, 06 Mar 2010 21:03:15 +0000 http://appraisalnewscast.com/?p=421#comment-77 http://www.naihp.org/legislativeissues.html & http://www.facebook.com/pages/Washington-DC/National-Association-of-Independent-Housing-Professionals/215664796530?ref=tsHVCC Update: March 5, 2010 Last week, NAIHP President Marc Savitt and VP Ian Coates, met with the office of Senator Tim Johnson, (D-SD). The meeting centered around NAIHP's HVCC Proposal and their overall "Main Street Solution." The Proposal, developed in cooperation with Brokers, Realtors and Appraisers, enhances existing language in HR 4173, which passed the House of Representatives in December 2008. The Senate is currently working on their version of this legislation. "Our HVCC Proposal gives Senators an additional comfort level with respect to legislation nullifying HVCC, according to Savitt." On March 4, 2010, Savitt and Coates met with FHFA General Counsel Alfred Pollard (regulator for the GSE's) and discussed the NAIHP Proposal. (More about this meeting later). Since May of 2008, one full year before the implementation of HVCC, Savitt has met with the NY Attorney General's Office 5 times, the FHFA 7 times, Fannie and Freddie twice, along with numerous Members of Congress. He has also testified twice before Congress on this issue. Marc has appeared on numerous cable news shows and has been interviewed by the press countless times in his campaign to end HVCC and the harm it creates to consumers and small business professionals. Be sure to join NAIHP and help build one of the largest grass roots organizations. Click the "Join Now" http://www.naihp.org/application.html http://www.naihp.org/legislativeissues.html &

http://www.facebook.com/pages/Washington-DC/National-Association-of-Independent-Housing-Professionals/215664796530?ref=tsHVCC Update: March 5, 2010

Last week, NAIHP President Marc Savitt and VP Ian Coates, met with the office of Senator Tim Johnson, (D-SD). The meeting centered around NAIHP’s HVCC Proposal and their overall “Main Street Solution.” The Proposal, developed in cooperation with Brokers, Realtors and Appraisers, enhances existing language in HR 4173, which passed the House of Representatives in December 2008. The Senate is currently working on their version of this legislation.

“Our HVCC Proposal gives Senators an additional comfort level with respect to legislation nullifying HVCC, according to Savitt.”

On March 4, 2010, Savitt and Coates met with FHFA General Counsel Alfred Pollard (regulator for the GSE’s) and discussed the NAIHP Proposal. (More about this meeting later).

Since May of 2008, one full year before the implementation of HVCC, Savitt has met with the NY Attorney General’s Office 5 times, the FHFA 7 times, Fannie and Freddie twice, along with numerous Members of Congress. He has also testified twice before Congress on this issue. Marc has appeared on numerous cable news shows and has been interviewed by the press countless times in his campaign to end HVCC and the harm it creates to consumers and small business professionals.

Be sure to join NAIHP and help build one of the largest grass roots organizations.

Click the “Join Now” http://www.naihp.org/application.html

]]> Comment on Appraisal Management Survey Sheds Light on Industry Propaganda by Francois Gregoire http://appraisalnewscast.com/2010/03/06/appraisal-management-survey-sheds-light-on-industry-propaganda/#comment-75 Francois Gregoire Sat, 06 Mar 2010 12:10:27 +0000 http://appraisalnewscast.com/?p=421#comment-75 Brian, Thanks for posting the results of your survey. Although I do not dispute the results you posted, I wonder about the respondents and the significance of the findings. Perhaps the most interesting observation made is this one, explaining why a claimed 71.1% of appraisers work with at least 1 AMC: "This appears to be a necessary “evil” in order to continue their career and livelihood." The country and the appraisal profession would be much better off if AMCs earned their place in the market by offering a proven and necessary service instead of being handed the market position by ill conceived settlement agreements (HVCC) forced on unwilling participants. It's time to level the playing field, and regulation of AMCs is the first step in that process. Brian,

Thanks for posting the results of your survey. Although I do not dispute the results you posted, I wonder about the respondents and the significance of the findings.

Perhaps the most interesting observation made is this one, explaining why a claimed 71.1% of appraisers work with at least 1 AMC:

“This appears to be a necessary “evil” in order to continue their career and livelihood.”

The country and the appraisal profession would be much better off if AMCs earned their place in the market by offering a proven and necessary service instead of being handed the market position by ill conceived settlement agreements (HVCC) forced on unwilling participants. It’s time to level the playing field, and regulation of AMCs is the first step in that process.

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