Mortgage Blog by Racheli

Mortgage nightmare HVCC appraisal regulation hurting the already straggling Housing Market

If you thought the low rates and tax incentives would quell the storm in the Mortgage and Real Estate market, think again. With the implementation May 1, 2009 of the Home Valuation Code of Conduct (HVCC) regulations, loan officers and realtors are no longer allowed to select or influence the selection of  appraisers.
 
The legislation was introduced by New York Attorney General, Andrew Cuomo. It was designed to decrease the likelihood of appraisal fraud by removing the individual most inclined to push for inflated value (the loan officer/realtor). 
Posted by Racheli Refael Smilovits on June 14th, 2009 1:51 PMPost a Comment (0)

Subscribe to this blog
Recent Posts:
Archive:
My Favorite Blogs:
Sites That Link to This Blog:

                                                                                  
                               Was this Information Useful?
Then please share it!

Oh, By the Way...we are honored to serve you and your refrrals Too!
and... Thanks for NOT keeping us a secret

 NMLS #: 64918


Loans 4 U Racheli Refael Smilovits 1615 S. Federal Highway #100 Boca Raton, FL 33432
Phone: Cell: Fax:

Why Title Insurance? | Why an inspection? | Title Information | Tax Closing Costs | Your FICO score | How Escrow Works | Training | first-time-home-buyer | Closing Costs | Download Adobe Acrobat | Tell a Friend | Real Estate Glossary | Loan App Checklist | Bi-Weekly Mortgage | Mortgage Saving Tips | Your Down Payment | Documenting Assets | Living Trusts | Loan Application | The Loan Process | Get Your Loan Faster! | Fixed Vs. Adjustable | Improve Your Credit Score | Should you buy points? | Financing Closing Costs | Get Pre-Approved | When to Refinance | Loan Application Info | What is a credit score? | Rates and A.P.R. | Refinancing Options | Getting an Appraisal | Bi-weekly Pmt Calc | ARM Calc | APR Calc | Fixed Rate Mtg Calc | Mortgage Points Calc | 15 vs 30 Year Mtg Calc | Mtg Tax Savings Calc | Balloon Mortgage Calc | ARM vs Fixed Rate Calc | Mortgage Qualifier Calc | Required Income Calc | Mortgage Payoff Calc | Rent vs Buy Calc | Refi Interest Savings Calc | Refi Breakeven Calc | Mortgage Calculators | Customer Login | Interest Only Calc | What is PMI? | Gifts as downpayment | Eliminating PMI | Disputing Credit Reports | Mistakes on Your Report | Getting Your Credit Report | 401k for Downpayment | Broker vs. Loan Officer | Buyer Don'ts | Paying Your Loan Early | Homeowner Deductions | How Much You Can Afford | HUD-1 Settlement Statement | Mortgage vs. Deed of Trust | Debt-to-Income Ratios | Home Equity Lines of Credit | Are You Pre-Approved? | Reverse Mortgages | Second Mortgages | Home Equity Loans | Mortgage Servicing | Mortgage Tuneup

Copyright © 2012 Loans 4 U Racheli Refael Smilovits
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map