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code : Mortgage Loans, Rates, Home Buying, Selling, Foreclosures

All Posts Tagged With: "code"

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Appraisal Worries Really About The Future

Tim writes and points to a number of problems he sees with the Home Valuation Code of Conduct (HVCC). Fair enough. Let’s look at what he offers: >>>Instead of a majority of valuation assignments going to appraisal managment companies we now have virtually ALL assignments being controlled by these joint venture arrangments. Notice how the [...]

22Jul2009 | | 0 comments | Continued
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Appraisers Seek Sensible Reform

There’s been considerable debate regarding the Home Valuation Code of Conduct (HVCC), the agreement to curb appraisal abuses worked out between New York Attorney General Andrew Cuomo, Fannie Mae, Freddie Mac and their then regulator, the Office of Federal Housing Enterprise Oversight (OFHEO). A number of leading real estate and lending trade associations are seeking [...]

14Jul2009 | | 0 comments | Continued
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How To Pick On Appraisers

Many in the real estate community are upset with the newly implemented Home Valuation Code of Conduct (HVCC) and want it suspended or revoked so we can go back to the good-old-says when it was okay to threaten and pressure appraisers. The HVCC was an agreement worked out between New York Attorney General Andrew Cuomo, [...]

26Jun2009 | | 9 comments | Continued
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What’s A Bedroom?

A bedroom is not merely where someone sleeps. Please check local zoning regulations. They may require an external exit (such as a window with a bottom sill not more than 44 inches above the ground and 5.7 square feet of space when open). Or, they may require that a “bedroom” cannot itself be an entrance [...]

30Aug2008 | | 0 comments | Continued