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Trusted: (November 19, 2009 6:32am)

All I know is that the HVCC has destroyed my business. A business that I built one client at a time through nothing but sheer hard work and tenacity. In my now destroyed business, I produced thousands of appraisals without ever having a single one being subjected to a disciplinary or legal action from either the state board, a lender, broker, property owner or interested party. I played by the rules, no special status or friends in high places, no relatives on any bank boards or in key decision making positions that could steer business my way, just good honest work, a solid reputation and courteous customer service. Yet here I sit, not even able to go out and find new clients and rebuild my business, because the available and accessible prospects either have no control over who they do business with or refer me to some company that offers to pay a fee that is a fraction of a fair fee even they are charging more and paying me 30-60 days after I have performed the work. WTF happened.lo

Realrose: (November 18, 2009 7:38pm)

I want to know who owns what AMC, or how many appraisal departments does one AMC serve and who they are. Name of B of A AMC for residential and commercial work, who admin's it and who heads it up. Are they licensed appraisers or appraisers who couldn't cut it, and do their appraisers have designated appraisers on their lists. How much of each fee is given to the licensed appraiser and how much is retained by the AMC. Let's get this straight, since now our appraisal profession has been politicized. This fraud mitigation stuff just gives lousy appraisers a new job description and job title: Collateral Risk Analyst according to ads I've seen. Who has five years experience doing this, and what AVM are they using. There are some new nerds in our business and they sold Cuomo a bill of goods that cost good, honest, professional appraisers their business so these guys are our new pimps. Let's have their names, addresses and sign up for work and report the heck out of them!

Ezradams: (November 18, 2009 7:37pm)

Dan, As usual, I like what you say. Just got back from NY with Brian and Frank. Looks like some progress was made.....they'll tell you all about it in the next few days. dan@appraising.biz

Dan: (November 18, 2009 7:33pm)

A-Day 2010

Dan: (November 18, 2009 7:30pm)

That will be the result of Cuomo's ignoring of the petition that Brian and Frank have worked so hard to bring to the table. Be forewarned, give it back or we might just take it back on Jan. 1, 2010.

Dan: (November 18, 2009 7:27pm)

How about this petition for all appraisers to sign: After Jan 1, 2010, I will only accept assignments where I get to speak with the homeowner, determine the scope of work, quote them a fair fee and collect that fee directly from them at the time of inspection so that regardless of whether the loan closes, I have been paid for my work. I will also notify the AMC of my required turn time to complete the job properly without having my work constantly rushed. If the AMC sent me the order, they may feel free to charge the lender for their valuable list management services." If we stuck together on the payment terms end, is that illegal? It's more civil than a strike and solves many problems in one day! If anyone is interested please spread the word...maybe we can make it a very happy new year where we control our industry again. If nothing else, we will get our day in federal court..and expose the racquet and get back to business as usual. What is there to lose?

App: (November 18, 2009 7:19pm)

I was just thinking about it and you need to hook the audience. Get them interested by talking about the many ways the consumer is being hurt, and then, when they're acting interested, then start laying all the other stuff on them - heck they may start asking you questions about it. For a good closing/punctuation use that report about 46% of appraisals being fraudulent so they know you are referring to amc's and their dirty deeds done dirt cheap and not quality appraisers. They don't know what we know and we have to always keep that in mind. The publics mind is fragile and filled with ADD lol

sus: (November 18, 2009 6:50pm)

Sus: Forget the "Fraud talk" - As an Honest Appraiser - we have REAL issues: 1. Consumer - paying higher fees since 5/1/09 HVCC - to compensate the AMC's admin costs. 2. The "Agreement" was a "Back Door Deal" allowing the Banks to have control of the AMC's - Removing the "Appraiser's Independence" from the process. 3. The "Agreement" is not a Law approved within the normal legal system. What does AG C. Have on Fannie/Freddie that he has so much power/infulence? 4. Existing Lawsuits - are against "Bank-Owned" Appraisal Management Groups" - NOT Independent Appraisers. 5. The "Agreement/HVCC" does nothing to stop Fraud from any one involved in the financial transaction. 6. Appraisers are FORCED to work thru the AMC's, which are not regulated. The AMC's set the appraisal Fee's & turn time, regardless of the complexity of the assignment - lowest bid appraiser gets the assignment. 7. Appraisers have no rights 8. Why do the AMC's Fee's come out of the App Fee?

App: (November 18, 2009 6:14pm)

Yeah really Dan. You start off with saying there's appraisal fraud they look at appraisers in general, not the discount appraisers the amc's hire. They'll just think more appraiser regulation is needed. Get to the point of how the consumer is being hurt and the whole system will be questioned. When they start to question the HVCC system they'll be led to the same conclusions we've arrived at. We can't assume they know everything we do. You know, when you assume you make an ass of u and me kind of thing. The truth is all we need, not speculation or the unfounded "facts" the banksters are so fond of. That's fighting on their turf, if you catch my drift :^)

Dan: (November 18, 2009 5:55pm)

I agree that you guys should drop the fraud idea with respect to values also and focus on the consumers and appraisers getting ripped off by a slower more inefficient system that was developed in a way that bypassed the Admin. Procedures Act and smells of anti-trust and price fixing and collusion by the banks and title companies, which by the way, own most of the AMC's. FARES, Fidelity and FISERV own most of the AMC's if you do the research. The title companies are just trying to take as much money from every closing as possible is the reality...money....because they can and they got Cuomo's blessings. Cuomo has legally represented an AMC called AMCO in the past and plays golf with AMC buddies. The fraud angle is going to go nowhere because you are trying to compare the appraisal with its own shadow, which has no validity or weight and is not proveable fact in this issue. The GSE's would be better off auditing appraisals every year and counting on a "fudge factor" in underwriting.

Dan: (November 18, 2009 5:46pm)

The AMC's are beating the crap out of the appraisers by nitpicking the appraisals apart and also, when the appraiser takes the job and then goes out and finds the subject has all types of cost to cure issues and FHA violations, the AMC's still want the same turntime. Here is reality: Not all appraisals can be done in 2 days. AMC's are promising something THEY cannot deliver and feeding their children with money stolen from appraisers, so that results in this: If I have a mortgage broker call in an order and its a COD order for full fee, guess what?? I don't care about that AMC's turn time anymore. I drop that AMC's $200 REO nightmare job and go get $375 at the door on an inspection RIGHT THEN if possible. My thought process: I'm broke due to AMC's stealing my money, so my internet will be cutoff in the morning if I don't go get the COD money and screw the AMC and their client, who should be my client anyway. This blowing off AMC's happens even when setting the appointment times also

App: (November 18, 2009 5:42pm)

You mortgage guys need to get off appraisal fraud. It's anecdotal evidence you have of it anyway and it just makes appraisers look bad. Concentrate on the ways the consumer is getting screwed. That is how you'll get attention. Forget the anecdotal sensationalism - stick with the facts. I want this to succeed as much as anybody. 20 yrs experience as an appraiser, and that may be all I get if things keep up like this. Good luck and God bless guys. This is truly a manly man thing you guys are doing (despite the pink laptop lol)..... :^)

Reverse Mortgage GAl: (November 18, 2009 5:36pm)

In my little world, we are not subject to HVCC yet, but, the limited number of banks that do reverses appear to be sour on the product, two of the "big boys" have been routinely slashing values on excellent well done appraisals, and some so low that it tantamount to a loan denial as there's not enough value assigned to pay off the senior's first mortgage. Reverses are hard to sell on the secondary market. Why bother with an appraisal if the underwriter from the desk is just going to pick the value anyway? The dedicated appraisers do wonderful rebuttals, but the slash and burn continues. Makes you wonder just what is really going on. THANK YOU SO MUCH GUYS FOR DOING THE "CUOMO TOUR"!!

App: (November 18, 2009 5:32pm)

Expiring locks because the amc's are needlessly holding onto the appraisal is a big problem out there. I know this. Lock expires, guess what Mr Consumer, you need another appraisal - that'll be another $600. Why? amc's don't know wtf they're doing.

App: (November 18, 2009 5:25pm)

marnold - you're not an appraiser are you. It's saying that 67% of the deals were basically killed by the appraiser unless sales prices were negotiated. 2 out of 3 sales are DOA. That is a lot! I'd imagine that 90% + on re-fi's aren't making value. Thing is, the most important part of this equation seems to be being left out. The consumer. They're getting screwed with higher fees, expiring locks, non-portability of appraisals, meaning they have to pay for another one if they want to change banks, and they're paying upwards of $600 for an appraisal and instead of the experience and quality that $600 should be getting in an appraiser, they're getting a $200 skippy appraiser. Count the ways the consumer is getting screwed and it's 100% more ways than it should be. It's their home, it's their collateral and they're paying for the appraisal - why are they getting screwed like this?! Why is it allowed to continue??!!! Look to the HVCC and it's implementation by the amc banksters.

St Pauly Girl: (November 18, 2009 5:20pm)

@marnold2000 I'm curious at why a purchase appraisal value should be expected to come in at the purchase price? Shouldn't the appraisal reflect an accurate 'opinion' of value- Not a predetermined amount based on the price a buyer agreed to pay for a home? Just hitting the purchase price and not giving more value (of course if market data confirms it) could be what's stunting our market recovery. Maybe I misunderstood what you were saying..I'm not an appraiser.

marnold2000: (November 18, 2009 5:06pm)

You guys are looking at this the wrong way. The fact that 60% of the appraised values in your OWN unscientific poll are coming in within a normal range of value for an appraiser in a severly decling market is pretty darn good. In fact this poll states that over 1/3 are coming in at value or ABOVE value. In this economy? I would take that all day long. You add a range of 10% or less in the mix and you have 72% coming in within a normal range. Point being these numbers are bad enough for someone to institute a change. If you were to take the 533 votes away for the purchase loans and made this a refinance poll then you could move that full 33% down to other levels and that would get someones attention. The variable again being that this is the poll of the party trying to institute a change, they would have to be staggering for anyone to pay attention to a partisan poll like this. These numbers aren't.

Dan: (November 18, 2009 5:05pm)

If an appraisal is then done, the homeowner pays the appraiser the fee directly based on the complexity of the job. If the order came from an AMC, the AMC gets to bill their client, the lender for their service, but when they hand the order over to the appraiser they are done....they should not promise turntimes or bug the crap out of you if the job turns into a nightmare about taking a few extra days to do the proper research, especially when surprised onsite. The homeowner then becomes a co-client with the lender and is entitled to a copy of the appraisal. That appraisal needs to be portable to anywhere the homeowner wants to take it. Homeowner can then authorize anyone to discuss that appraisal anyone he wants. If homeowner finds a better lender, homeowner pays appraiser to put the appraisal into the new lender's name. If new lender needs more comps, they or the homeowner can pay....a la carte. This and the last blog comprise the fairest system to all parties.

Dan: (November 18, 2009 4:59pm)

If I had to rewrite the rules they would be: Lender calls appraiser and asks for a quick value check and pays the appraiser $30 for the lookup, which is done to make sure the homeowner is not being an idiot with his estimate of the value of his house, if too low, homeowner has option of saying "send the appraiser out anyway and I'll pay for it if its low". This is fairest to all parties and instead of everyone pretending that appraisers aren't doing lookups, make them part of the normal process. Who better to ask about the value range than an appraiser. If homeowner is high, he spends $30 on the lookup, if cleared for a full appraisal, the $30 applies toward the fee. The important thing here is that its only a guess until its signed and on a URAR, upon which money can be lent. Before its a finished appraisal all parties know its a guess, but it saves CONSUMERS money, lenders time and makes sure appraisers get paid for their time instead of being once again asked to work for nothing.

PJTMC: (November 18, 2009 4:48pm)

While not every property will appraise, the statistics show a 2 to 1 ratio give or take. If the statistics are accurate, they clearly show there is a problem that must be addressed.

App: (November 18, 2009 4:45pm)

It's saying 67% didn't make value - according to the e-mail I got anyway. **How did your last "purchase" HVCC appraisal compare to the contract price? 533 - A. At or above purchase price. 151 - B. Low - but less than 3% 224 - C. Low - Between 3% and 6% 262 - D. Low - Between 6% and 10% 278 - E. Low - Between 10% and 20% 170 - F. Low - More than 20%

marnold2000: (November 18, 2009 4:35pm)

If I was Cuomo and looked at this poll they presented I would look at them say "Okay the vast majority of HVCC appraisals appear to be coming in at or above market value, according to your OWN poll. So again please tell me, why the F*^& are you here then"? I think it is an egregious error to have that question in that poll much less the number one question. Wow.

App: (November 18, 2009 4:20pm)

I hope they actually read the signatures, especially the comments by consumers. Those are the ones that could make a difference. Strike is a great idea but it wouldn't work. You need a line that can't be crossed for a strike to work and there's no way to stop the $150 full 1004 cranked up skippy appraiser that brings his dogs and kids along to the inspection, in a Gremlin, from crossing that line. There's too many sweat shop graduate appraisers out there that are the darlings of the amc's.

marnold2000: (November 18, 2009 4:20pm)

I hope that you guys do two things when presenting this to Cuomo. First is wear a suit so he will take you seriously and secondly, one of the questions in your poll should be reworded. I don't know if Cuomo will see the poll results or not but having a question asking how many HVCC appraisals have come in "At" or "Above Value" is one of the worst examples I can think of to illustrate the way appraisers are lowballing values now. The question should ask how many refinance appraisals are coming in below estimated market value? Appraisers are almost always going to give you the same value as a purchase price as long as it's an arm's length transaction. Asking how many came in above purchase price? That number is probably 0.01% but it gives the illusion that a lot of appraisals are giving true market value and even some higher than market value. I have had three appraised values changed for the better in the past two weeks alone. One I got the value moved from $793,000 to $900,000. These HVCC appraisals are coming in 10% lower than the bottom of the normal range of values appraisers are working with. Just to cover their rears. That question asking about appraised values for purchases is misleading and irrelevent to the problems we are seeing with lowball appraisals.

clulessdad: (November 18, 2009 4:09pm)

Mar Savitt on the Cuomoless meeting......""We made progress in the discussion and will be meeting again after the holidays," said Savitt I still think the only way to get their attention is for all appraisers to go on strike for a day or so.

App: (November 18, 2009 4:03pm)

Thanks appraiser - hopefully the CNBC coverage has some more meat to it.

App: (November 18, 2009 3:58pm)

Bubble Ben says they're probably not going to raise interest rates till maybe 2012. They have to keep the illusion going and hoping the worlds investors will buy into it. The dollar is falling and the only thing that will strengthen it is raising rates (as far as I know, which isn't much I admit). Inflation and I pray not hyper-inflation. Put some money into precious metals, they're the only standard for money around the world. Lots of talk about devaluing the dollar and making a new currency in place of the dollar standard. Whew, Gee Bubble Ben, what if Keynes had it wrong? Saw this Simpson episode yesterday and Homer and friends had dug too deep into the ground and they couldn't get out, so Homer says "keep digging - we'll dig our way out". Then says "DOAY, this isn't working". Someone say "No, no You have to dig up" LOL!

Appraiser: (November 18, 2009 3:53pm)

First article out on todays meeting, copy and paste into your browser to read. http://nationalmortgageprofessional.com/news14767/nambs-savitt-hand-delivers-120000-plus-anti-hvcc-signatures-cuomos-nyc-office

App: (November 18, 2009 3:50pm)

They can only deal within the illusion they've created for so long, even Bubble Ben runs out of options and money at some point. It's more of a mess than ever imo. When the truth comes out, look out. The GSE's are buying whatever crap the amc's can come up with. If the GSE's aren't buying, there is no market. Too big to fail was the problem and what have we done? Made the too big to fails even bigger lol. The whole markets on Fed crutches and they want to take chances in the mortgage markets. Makes a lot of sense ehh? You'd think good quality appraisals would be of the utmost importance at a time like this. You'd think. Dominos (not the pizza place lol). JMHO

loannetter: (November 18, 2009 3:40pm)

Meredith Whitney, a premier advisor on the stock market is predicting huge shifts for the worse.....we still have another 'leg down' to go! http://media.cnbc.com/i/CNBC/components/Syndicated%20Video%20Player/videomodule.swf?id=1332936523&pcode=cnbcplayershare&play=&base=http://plus.cnbc.com/stickers/partners/cnbcplayershare/

Appraising 25+ years: (November 18, 2009 3:23pm)

HVCC has created AMCs that care about one thing only. How little you will work for so they will make more. SCREW THEM. Decline those fees from 20 years ago! All it takes is a month of saying HELL NO to those PIMPS and they will be out of business. I had a client who when to FISERVE ($175 for $425 fee to bank) and none of the local appraisers would work for them. They lasted less than 2 months before they were fired for bad work and lousy service. We are getting FULL fees from the bank again.

Owl Tree: (November 18, 2009 3:08pm)

Speaking as a mortgage broker, I'd prefer to stay out of appraisal process, if I could be guaranteed an accurate, fairly priced appraisal that can be transferred freely between lenders. In a reasonable world, the appraiser's license should mean something. Let the customer retain the right to order the appraiser, and let the lender retain the right to accept, reject, counter or condition their approval based upon their review of the report. I'd also like the opportunity to call an appraiser and discuss the report. Since HVCC was instituted, I've gone from talking to local appraisers that I know and respect to dealing with the Wizard of Oz; my customers are being overcharged for sloppy appraisals; and if my lender can't get the loan done, the appraisal isn't portable.

qtrhrse: (November 18, 2009 3:08pm)

You guys are absolutely incredible. Thank you for helping all of us in this industry. Thank you NAMB!

Tahoe Loan Guy: (November 18, 2009 3:01pm)

CNBC and Fox are good, but boy's ain't notin like catchin the cash cab while on broadway, askin the driver to help load them boxes of paper in the back. Go for the video double for sure and cuomo and his cronies are sure to catch you on late night. All their friends will have seen it and that's some real pressure. it ain't the size if the dog in the fight(work small) it's the size of the fight in the dog(Think Big). Go get em boys!

App: (November 18, 2009 2:49pm)

Cuomo was head of an amc, AMCO. Think that had anything to do with his inventing the HVCC? Also, as head of HUD, he previously made it illegal for the GSE's to reveal their books, so when he demanded to see them later, he knew they couldn't. He had them coerced into a corner of his own devise. AMCO, an amc, and eappraiseit, Chase's amc had his ear and were whispering sweet nothings about being the Governator of NY with their backing imo. Why would any sane person reward the entities that were part of the fraud? No sane person would! Only someone easily influenced by money and power would. It's kind of amazing how it was all laid out for him - almost as if he had it planned. JMHO

Ed Boyd WA State: (November 18, 2009 2:29pm)

What is sickening about this whole fiasco is that the ulterior motive is to position Cuomo for the Gov election...no doubt about it. I don't know factually but have been in this business 30 years and NY State has always been notorius for shady appraisals. I've done a few over the years and have never had a NY appraiser not ask me "what numbers I wanted? So in comes Cuomo on his white horse NY citizens and he esentially blackmails Fannie & Freddie on appraisal reform. I won't file suit if you do this and this to reform appraisals. Cuomo becomes Governor on our backs! WATCH!

FHA Steve: (November 18, 2009 2:25pm)

I am with Dan and Golden Eagle 100%. I even submitted violation of Anti-Trust to the US Anti-Trust Enforcement Division to No-Avail, except a thank you, we will get back to you 3 month ago.

App: (November 18, 2009 2:23pm)

Yeah, no kidding Golden Eagles - they're using our money to put us out of business. It's irony with tragic results in some cases. I'm getting anxious for this mid-day update. Nothing on CNBC yet...

Valuequestor: (November 18, 2009 2:07pm)

Thanks for all of the input my friends. I'm not sure its worth the risk at any price. I just checked the box on my E&O app. that I have not appraised any property over 4 Million. Not worth it in the current environment.....PS: Good job Clulessdad, I also believe that our efforts are best spent with members of congress. If we can speak to enough of them we should be able to reach a few good ones like Miller. This issue could be very appealing to them. "Help People, Fight Evil, Fix the Economy, Save Jobs" Lots of Hot Buttons.

Dan: (November 18, 2009 2:05pm)

I think that only the appraiser doing the work should be able to quote the job, the turn time, determine the scope of work, and collect the fee directly. This brokering of appraisals has become like a giant multi-level marketing scheme. What next...maybe we should all press that issue by opening Physician Management Companies and Attorney Management Companies and collecting fees directly from consumers for these services also. Get it in front of the federal judges very quickly is my point. We need our day in court. As I have said before, NATIONAL COD DAY would kill the AMC's. Tell them to do what is right...charge the lenders who they provide their services to ONLY. We could all pick a day and then when the AMC's call, we say "sorry but after May 1 we only do work on a COD basis" and watch them pout and cry to which we say "you provide your service to the lender...you mean they don't pay you for your service? Well I guess you should reconsider who is your client & bill accordingly.

Golden Eagles: (November 18, 2009 2:01pm)

Great effort by our guys. The Irony is that all these regulations are Restraint of Commerce across State Lines,(prohibited by the constitution) Anti-Trust violations and Racketeering(RICO) and it is being implemented with Taxpayers money. Basically screwing taxpayers with their own money. The Lame street media,network news,are just mouthpieces for the government and bureaucrats. You probably will not see much coverage of this and other important consumer issues.

App: (November 18, 2009 1:33pm)

Great job cluelessdad. I hope they didn't really kick him in the nuts lol. I hope they can take advantage of your offer. That is one meeting that could do a whole lot for our cause. WITHOUT a million dollar lobbyist. Rep Miller understands the entire situation.

clulessdad: (November 18, 2009 1:29pm)

I think our boys are in jail getting introduced to "Bubba." LOL BTW- I was successful in getting Frank and Brian to get a meeting with Rep Gary Miller's (champion for repeal of HVCC) head staffer for the House Financial Services Committee for this Friday. They probably could get it with Miller himself, but from what I understand, she knows more about the political process on HVCC than Miller. I don't know if they will take advantage of it, but they can get it.

FHA Steve: (November 18, 2009 1:20pm)

I think you guys have done great work, but in my opinion you should be lobbying Congress with your petition and any cash your getting. All you are doing for Cuomo is giving him free publicity and legitimacy for a State Official to set Federal Policy... just my thoughts, FHA Steve

Reverse Mortgage Gal: (November 18, 2009 1:11pm)

Deedie, Scroll down to find this video title: "Home Valuation Fraud's Impact on Housing" very good I thought!

Anonymous: (November 18, 2009 1:08pm)

To Valuequestor, I had the same type of request for a Ocean Front in the Hamptons aweek ago, But they were willing to give me $275. I later found out someone did do it for $350. I hope they get what they pay for.

App: (November 18, 2009 1:08pm)

Big Al. The good thing is the amc's have busted that cherry for $600-$700 appraisals standard. All the more reason to get rid of them imo.

BIG AL: (November 18, 2009 1:04pm)

Valuequestor, I also get $200 orders for custom built homes with all the goodies on large lots. You get the feeling the AMC's don't know the difference or don't care. I think its they don't care. AMC's just want the cheapest for anything. After all the time envolved just doing a sketch on such property is worth $200. I think in your case that property appraisal should be around $600 to $800 at least. I feel like a box boy doing them at $200. We need to kill the HVCC so we can try to get our business back at still what was low pay at $350 to $450 per appraisal.

js: (November 18, 2009 1:04pm)

Talked to three more consumers in the last 24 hours who were requested to provide extensive paperwork to prove that the appraiser should include their pool, 300sq.ft. add-on and larger lot, upgrades, etc. to appraisal management company to get a realistic value. This is after paying for the appraisal. There is a lot of discontentment floating around out there. Peole feel taken advantage of. Haven't met a satisfied homeowner yet who tried to refinance or purchase using conventional financing.

brandon: (November 18, 2009 1:02pm)

2500 to 3k, no less.

GODLIKE: (November 18, 2009 1:01pm)

BORDERLINE HUD themselves told me you couldn't plus my wife had to surrender her license (become inactive) to be able to originate FHA loans. It doesn't matter if you are participating in the sale or not. Call HUD, they'll tell you. And since they are the final arbiter it only makes sense to go to the horses mouth.

App: (November 18, 2009 1:01pm)

Nice job Sean. We need to just hit them with the facts and let them arrive, by themselves, at the same conclusions we've already drawn. No need for sensationalism imo. The facts alone show all is not hunky-dory as the amc and banksters would like to make it appear. Consumers need protection from these bankster cartels.

Deedie: (November 18, 2009 12:58pm)

Christina :) and App. Found it. Any info on Andrew and our guys?

Sean: (November 18, 2009 12:55pm)

For what it is worth, I spoke to Cong. Costa 20th dist. CA about HVCC at a housing meeting in Fresno last week. I brought the topic up, and a flood of conversation ensued between originators, brokers, realtors, and appraisers present. He got an earful...heard perspectives he had not heard before. That is encouraging.

App: (November 18, 2009 12:54pm)

15,000 sf home??!! That could take 3 or more hours just for the inspection. I guess you're supposed to be running comps while you're there lol. I wouldn't do it for less than $3k, more if the comps are few and far between, which they probably are. 6 comps lol!! I guess as long as going back a few years doesn't matter lol.

Try this link: (November 18, 2009 12:52pm)

http://www.foxbusiness.com/search-results/m/27463034/home-valuation-fraud-s-impact-on-housing.htm#q=home+valuation+code+of+conduct

Valuequestor: (November 18, 2009 12:51pm)

Yesterday I received an appraisal request from an AMC for a property in the Carmel Valley. 10 AC, Ocean View, 15,000 sqft home with all of the goodies. 2 recent appraisals (w/in 12 mos.) in the 16 Million range. They want a 72 Hour turn time and will pay me $225.00 for a full inspection appraisal with a min. 6 comps. They are willing to consider a counter offer for terms! This is what Citimortgage considers good collateral valuation practices. God Help US All. I'm curious what proffesionals in all aspects of the RE biz think a fair fee would be for this assignment.

App: (November 18, 2009 12:46pm)

home-valuation-frauds-impact-on-housing The link is both lines. You need to copy her whole post at 12:26 pm and paste that. I hope you don't have a virus

Deedie: (November 18, 2009 12:39pm)

App, I did. What is the title of the video?

App: (November 18, 2009 12:37pm)

Deedie - copy and paste Christina's link into your address bar at the top of the page. It'll take you there :^)

Deedie: (November 18, 2009 12:36pm)

Christina :) and App: I must be a total idiot I can not find anything

Southern Broker: (November 18, 2009 12:35pm)

Mark said in the FBN interview that the banks are only allowed to own 20% of the AMC's?! I have a document from a set of disclosures from a client that states that Chase owns 49% of the AMC who ordered their appraisals! No conflict of interest here!

Christina :) : (November 18, 2009 12:26pm)

http://video.foxbusiness.com/#/11716373/home-valuation-frauds-impact-on-housing/?category_id=1292d14d0e3afdcf0b31500afefb92724c08f046

App : (November 18, 2009 12:24pm)

Deedie - click latest videos on the left and then scroll down on the video windows on the right right. It's a little more than half way down :^)

Deedie: (November 18, 2009 12:19pm)

APP, I just got an email as well but nothing on what went on today

Deedie: (November 18, 2009 12:18pm)

Christina :) I still can not find out anything and "Latest Video" has nothing about HVCC

besty: (November 18, 2009 12:11pm)

what is YouTube link anyone

Christina :) : (November 18, 2009 12:10pm)

Hi everyone... Please watch the video directly from Fox and Not Youtube. Media outlets look to see how many hits stories get! I am posting it to facebook and sending it to my 1,000+ contacts in my address book! Please do the same. http://video.foxbusiness.com/ click on "Latest Videos" on the left hand side of the window, interviewed entitled Home Valuation Fraud's Impact on Housing

App: (November 18, 2009 12:08pm)

Above it say says tuned for a mid-day update. I just got a very informative e-mail on the polls taken here too. Great work guys!! Seriously

alive in CA: (November 18, 2009 11:59am)

Flagstar, Pinnacle, Plaza, and many others will take provident appraisals, they just have to be transferrerd from their AMC directly to the lender, not sent by you the broker. Provident has always been difficult to deal with, title companies hate them,.

MortgageBrokerGal: (November 18, 2009 11:53am)

Bill S: Thanks for putting the interview on YouTube! I've been in meetings all morning, and unable to watch CNBC or FBN! Also, I've been following some of your posts regarding the interview, and I think Mark did a good job of explaining the situation. Granted, he used alot of mortgage lingo, but people who watch FBN are smart, and they know what those terms mean. Also, he specifically said that consumers are losing their equity in their homes because of this horrendous code, and it needs to be stopped. Plus, the illegality of banks owning AMC's was brought to the surface bigtime!

App: (November 18, 2009 11:51am)

I'm thinking it's 1:30 pm pst - nothing on yet. Either that or it's not live. I think 1-2pm pst is street signs on cnbc where different topics are discussed. Could be then. CNBC is on until I see Frank and Brian :^)

Lynn B: (November 18, 2009 11:44am)

Loves the scenes of New York and Times Square in the background. Good luck with Cuomo.

real appraiser: (November 18, 2009 11:44am)

Since the news is slow, I am starting a rumor that a bearded guy and some guy who does not stop smiling threw Cuomo off the second floor of a NY building. The two suspects believed they were on a higher floor at the time. Cuomo was uninjured an attempts to repeat process from a higher floor are underway.

What to focus on with news channels!: (November 18, 2009 11:39am)

Hey guys, just a word of advice here. Please concentrate on what affects that HVCC has had with the consumer and what additonal costs are incurred..that is the only thing that will rile Cuomo..they can easily dismiss the "46% fruad found recently by datawhatever"..this study is easily dismissable and carries no weight. We need to focus on why exactly did Fannie sign this agreement with Cuomo so fast and now why this will cost the consumer $2 billion this year in higher fees, as well as cost many peopel the opportunity to refiannce at a lower rate..make sure to bring in a few consumers who have been burned too..real life stories hits home.

clulessdad: (November 18, 2009 11:39am)

I am glued to the TV, CNBC and eating some lunch. I went back and scanned Fox Business and there were no other reports. So far CNBC is VERY quiet. Nothing on their website either. This silence is deafening.

Toby: (November 18, 2009 11:22am)

Govt. Get Out Of My Life!, I agree that there will likely be some kind of risk overlay from the lenders requiring an appraisal firewall if/when HVCC is finished. And the GSEs are free to keep on requiring it with or without Cuomo. I don't agree that the lenders are making money off of the captive AMCs. The hidden costs of the low quality is costing them considerably more than the extra $50-100 bucks they might be pocketing. Most lenders realize that the AMC model as it exists is broken. Many are going to their own approved appraiser fee panels and outsourcing the ordering system (ex: AppraisalPort). FHA has taken a direct shot at the existing AMC model with their fee requirements. It is likely that this practice will be adopted by lenders for non-FHA work as well

App: (November 18, 2009 11:20am)

Toby, like I said - they should stick to the undeniable facts rather than unproven theories or opinions. Sensationalism will get you no where with these guys - they were raised on it, lol. Like in Dragnet : Just the facts. State the facts and let them draw their own conclusions which we have already done. To start it off with questionable "facts" does nothing to enhance credibility.

Dan: (November 18, 2009 11:19am)

Right on the money App...the appraisers and consumers are getting screwed by the AMC's daily as a direct result of Cuomo's agreement. Cuomo gave them the license to commit fraud on homeowners and appraisers without even having to have a license by any state to do it. Whether the AMC is owned by the bank or another thief they are taking advantage of the artificial monopoly position that Cuomo gave to AMC's. Want a big number to repeat to the news? Take every appraisal that was ordered through AMC's and multiply that by the difference between what the consumer paid and what the appraiser got paid. If lenders want to use AMC's, they should pay for that service themselves. AMC's have proven that they cannot be entrusted to collect appraisal fees without keeping too much for themselves and besides, only the appraiser actually doing the work should be able to collect the fee directly from the homeowner. 1,000,000 appraisals (??) x $200 on average stolen per appl from consumers = 200 Mil

clulessdad: (November 18, 2009 11:15am)

Just a thought. I wonder if someone at the banks got wind of this and made a call to NBC (CNBC) not to cover it. Either that or maybe our boys are in jail. LOL

Toby: (November 18, 2009 11:14am)

App, that statement on valuation fraud being up 46% came from a largely discredited report from some company that offers fraud detection. No conflict there. Their methodology used AVMs to compare to appraisals. The AVMs of course were lower since they don't filter out for distressed properties like appraisals are supposed to do (I know many incompetent appraisers don't). So of course there was a difference which they touted as valuation fraud, even though most of those appraisals were through AMCs.

clulessdad: (November 18, 2009 11:12am)

Nothing on CNBC, just Diana Olick's story today.

App: (November 18, 2009 11:10am)

I do like that he touched on the illegality of the HVCC and how the biggest banks own the biggest amc's. 80% of all mortgages flow through these banks and they all go to Fannie and Freddie and are HVCC. Home valuation code of conduct. What an idiotic name/disguise for corruption.

clulessdad: (November 18, 2009 11:08am)

Toby, you are right. But I am not sure that the loss of home equity is catching on with the Amrican public. Half the people still think that their homes are still worth the same as they were in 2008. So taking another approach to draw more attention may be good.

App: (November 18, 2009 11:02am)

He should have stuck with consumer costs instead of flat out saying that the HVCC is causing lower values. That would be very hard to prove without getting into the full story of how amc's are hiring cheapest & fastest with no concern about quality. Facts about how detrimental it is to the consumer in higher costs, delays & non-portability would have been a better play imo. From an appraisers viewpoint I might have added: The consumer is paying for a $600 appraiser & getting a $200 appraiser - consumers aren't getting what they've paid for. It's bait & switch. But no telling how that would be received with an uneducated public. Should have gone with how bad this is for the consumer imo & not the "opinion" of how it's lowering values. Even if it is lowering values, there would have to be reports to back that up. The lead off on valuation fraud increasing 46%-what kind of fraud? Did that answer any questions or make any statements of fact and not opinion? Not imo. Still, better than nada

Deedie: (November 18, 2009 10:59am)

Cluelessdad, I haven't seen anything on CNBC, Fox or the net.

Toby: (November 18, 2009 10:54am)

No cluelessdad, the key talking points are the detrimental impact on housing and the consumer. Voters don't give a rat's @$$ about alledged appraisal fraud, they probably have a Stated Income loan anyway. Voters DO care about their home values, AND Cuomo cares what voters think. NAR gets this, and has taken the consumer tact all along.

Govt. Get Out Of My Life!: (November 18, 2009 10:53am)

Here's a fun prediction: EVEN if HVCC get overturned, the banks will still require appraisals to be ordered through AMC's for two reasons: 1) It is now a source of revenue for entities that were not getting money previously (all that has been accomplished is to cut the appraisers income off at the knees), and 2) Physics i.e. - once in motion, an object tends to stay in motion (it's now set up, so it is harder to unwind than it is just to leave it in place). Here's a classic story - now that I can no longer order appraisals from the appraisers I have worked with for over 20 years (with no adverse affect on the market, I might add), I was able to get all my appraisers signed up with a new AMC, so now my orders go to all my old appraisers anyway. Govt. is, and always will be, a JOKE!!

clulessdad: (November 18, 2009 10:49am)

Now 1:50 in NY. Weren't they supposed to deliver the boxes at 1:30? I have CNBC on and they have not said anything.

clulessdad: (November 18, 2009 10:47am)

Anyone with any negative to say about these guys should understand that they are all doing this on "their time and their dime." I for one appreciate anything and everything they are doing for all of us. It may not be exactly what we would do, but at this time any exposure is good exposure. And the word "fraud" gets every one's attention. It may not be right, but attention is what we need.

Wog: (November 18, 2009 10:44am)

Go get em guys! As i have said the HVCC violates Anti-trust laws as well as a raft of other consumer laws. I filed a complaint with the Department of Justice a while back and initially they were receptive. But something happened and they dropped the action and won't return my emails. Nonetheless, Mr. Cuomo, as well as the other players in this dabacle need to be help accountable.

Jhenia: (November 18, 2009 10:41am)

You guys made me dizzy on this one. Love the Times Sq pics....

aaronINpa: (November 18, 2009 10:27am)

leave to a mortgage guy to topic the interviews as appraisal fraud. thanks again mortgage people. as always were (appraisers) the bottom of the pole. I would like to see a definition of this "appraisal fraud". the whole process is a mortage, why not call it mortgage fraud- the appraisal is just a key step in the process. our permanent name should "home scapegoats".

clulessdad: (November 18, 2009 10:20am)

The AG office is in Albany. I think Cuomo himself is in NY. Marc Savitt knows where he is located.

Toby: (November 18, 2009 10:14am)

Isn't Cuomo's office in Albany!? Are you guys in the right place?

App: (November 18, 2009 10:12am)

True jbravo, the consumer needs to be educated on these things. Hopefully newsprint will explain it to the common person. Educating the public is our best weapon against the HVCC. They need to know they're getting the wool pulled over their eyes and getting it from the banks without the KY

twomintsinone: (November 18, 2009 10:08am)

Hi-I am with Golden Eagles below-great productive plan to begin to get the elephant out of this room for generations to come! Anyone know a lawyer/firm interested?

JBRAVO: (November 18, 2009 10:07am)

I just watched Marc Savitt with my wife on Fox and I really think he is missing the boat here. I understood what he was saying but my wife had absolutely no clue and I had to explain it to her (way too much lingo; GSE's,Fannie, Freddie, AMC's,etc...) The sound bite needs to be that "Andrew Cuomo and Fannie Mae effectively made a law without legislation that hurts homeowners and the real estate market..."

Anonymous: (November 18, 2009 10:04am)

BILL S Nice job, thanks

App: (November 18, 2009 10:00am)

Cool, good report by Mark. I wish he had gotten into more of how it's hurting consumers, but hey, it's face time on a big network. It can only be good

BillS: (November 18, 2009 9:43am)

I recorded Marc Savitt's interview on FBN and uploaded it if you'd like to view it... http://www.youtube.com/watch?v=3Djbmnn_4mw

ChicagoMike: (November 18, 2009 9:42am)

You can view Marc's interview by going to http://video.foxbusiness.com/ click on "Latest Videos" on the left hand side of the window, interviewed entitled Home Valuation Fraud's Impact on Housing

Golden Eagles: (November 18, 2009 9:42am)

I have seen the writing on the wall for some time now on the use of regulation by the bankers and their lobbyists in Washington to take away market share from mortgage brokers. Everything from making our already pre-qualified buyers with DU pre-approval have to get pre-approved again with usually one of the big 5 banks , to MDIA, to national licensing , to limiting YSP to brokers, to making brokers disclose YSP while not having bankers do the same , to HVCC, to half dozen other regulations on the drawing boards. My opinion is petitions and letters to our bought off representatives and their in-tow bureaucrats is a waste of time. Solution is Massive class action law suit by a large law firm, under the RICO statues, against the 5 big banks and their lobbyists while hiring a public relations firm to educate the public how they are getting screwed. This is all racketeering ,pure and simple.

Art: (November 18, 2009 9:36am)

ICON Residential acepts Provident appraisals alos..

clulessdad: (November 18, 2009 9:36am)

Provident cherry picks their deals. They don't care about the broker at all. They hire $8/hr checklist checkers who have absolutely no idea what is going on. I had a deal rejected there and moved the appraisal to another lender. The other lender needed more comps and the appraiser's E&O insurance. After a few days of trying to get him, the new lender was told that the appraiser did not have E&O ins. I know the appraiser doesn't need it, but Fannie and Freddie need it. So I had to get another appraisal $575 out of my pocket. I called the Branch Manager at Provident and wanted my money back from the AMC because they gave me nothing. The Manager refused to give me the name and phone number of the AMC. "We don't warranty the quality of the appraisal." So I asked him if Provident accepted appraisals if the appraiser does not have E&O. Dead silence.

JO: (November 18, 2009 9:34am)

Homesavings of America will take Provident appraisals

Benchmark Financial Inc: (November 18, 2009 9:24am)

What other Lenders accept Provident Funding Appraisals?

HVCC BUSTER: (November 18, 2009 9:16am)

DOWN WITH HVCC!

App: (November 18, 2009 9:15am)

Allvalue: I know of an appraiser that was able to prove to the IRS that they were an employee of the AMC due to the same reasons you describe. Form SS-8 from the IRS is a simple 3 page form you can send in to let the IRS decide if your amc is an employer or not. This appraiser was also able to collect unemployment benefits! You can be sure the state (Cali I think) got their due from that amc too in $$. http://www.irs.gov/pub/irs-pdf/fss8.pdf

borderline: (November 18, 2009 9:06am)

Hello GODLIKE another mtg poster from a different site indicated that HUD told him only a participating realtor is prohibited from originating FHA

CV Broker: (November 18, 2009 9:03am)

Mike and Mark - Provident did the same to me six months ago and although at the time I thought life was over as I knew it, turned out that there are plenty of lenders out there who don't make our lives miserable when we want to give them business. Where are you guys located? Maybe I can help

Golfer348: (November 18, 2009 8:55am)

ARE YOU GUYS SURE YOUR NOT IN TOKYO?

Anonymous: (November 18, 2009 8:53am)

Guys, I am stuck in one XXXX of a traffic problem on the LIE, if I don't make it depending on parking at Federal Plaza & if you do get to meet someone with a pulse from the A.G.'s office, make sure to remind them of folk like Murcor who are basically are bidding appraisal jobs to the lowest appraisers.

AllValueSteve: (November 18, 2009 8:51am)

Go Frank & Brian. Long time viewer here, applauding your efforts. Another suffering Appraiser who would like to be there, but cant afford to leave my region due to no $$(HVCC ruined my business model). Why no mention of the direct violation of the employer-independant contractor status? With all the rules by the AMC's, by the banks, it appears we are employees of the banks, they tell us what to say, when to do it, what to wear/say, how much car insurance we must have, adverse reprucussions if we dont follow their rules, yet we get no retirement, pension, overtime, bonuses, a gold watch at 65, etc. AMC's work demands are a direct violation of the labor laws in America. Why no mention of this on the blog?? PS I do not accept underpaid AMC mgmt work unless the fee is fair & compensates for my time and experience. Let them work with the newbies, the weak marketers, the apps that treat guidelines like rules. Where is the creative thinking process? Its more then filling/checking the form.

MIKE-NFS: (November 18, 2009 8:44am)

PROVIDENT DID THE SAME EXACT THING TO ME LAST WEEK. NOW I HAVE 5 CLIENTS WHOM HAVE PAID FOR APPRAISALS AND NO WHERE TO PLACE THE LOANS. THEY WILL NOT EVEN ALLOW ME TO CLOSE THE LOANS THAT ARE IN THE PIPELINE. PF IS HIGH MAINTENENCE. THE WAY THEY CONDUCT BUSINESS SHOULD BE CRIMINAL.

Mark: (November 18, 2009 8:42am)

App - you are absolutely correct. You can also add to that, if you have to change lenders after an HVCC appraisal is completed, NOBODY will allow you to transfer the aprpaisal and no other lender will accept it. this is a direct violation of the "Code". Also, how did a state lawsuit affect all of us nationally?? Settlement was between The State of NY and Fannie/Freddie. Make the HVCC required for the State of NY only and screw Cuomo directly

Benchmark Financial Inc: (November 18, 2009 8:39am)

I was doing 5,000,000 a month with Provident Funding they cut us off as a teir 1 broker. They said we were high maintance. They refuse to do any loans that were not locked even though they have appaisals. Does anyone know who accepts a Provident Funding appraisals.

App: (November 18, 2009 8:35am)

D: The point is that the HVCC is illegal. It didn't go through the Administrative Procedures Act (APA) or the Regulatory Flexibility Act (RFA) as required of rules issued by administrative agencies of the federal government. If the HVCC is illegal so is bank ownership of the amc's. They've created a cartel and a monopoly and this is a direct result of the anti-competitive too big to fail tenet. Banks need competition to keep them honest and brokers are the ones to do it.

Deedie: (November 18, 2009 8:27am)

I missed it. Could not find it on Fox News, Fox Business on the cable chanels or any of the websites

still alive in CA: (November 18, 2009 8:20am)

In the great state of California, You either have to be a Real Estate Broker, or have a california corporate license to originate Mortgages. The corporate license is less desirable and a lot of lenders won't accept or wholesale to these types of business models. There is no other license in the State of California, you must be a CA Real Estate Broker!! How does FHA deal with that?

clulessdad: (November 18, 2009 8:20am)

Just an FYI-Marc Savitt is a great guy and has really fought against the HVCC since 2008. I have spoken to him directly and he is very passionate about the industry and very passionate against HVCC. He has spent many days and hours in Wash to get HVCC repealed. He has tried many times to meet with Cuomo, only to show up and Cuomo cancelled. We should all be applauding him and his efforts. Although he didn't originate the petition, he was the original champion against HVCC from ANY national organization.

kirkwilliams: (November 18, 2009 8:17am)

Diana Olick gets it wrong often or represents an issue poorly. She really is the caliber of local news. She is a hack.

D: (November 18, 2009 8:16am)

As much as I appreciate the efforts, I still wonder if this is a fruitless pursuit. The banks may still enforce HVCC whether or not it is a government requirement. The banks can simply say they will not accept an appraisal unless it is ordered through their AMC.

clulessdad: (November 18, 2009 8:11am)

Here is the new fraud in real estate. Real Estate broker gives BPO (Broker's price opinion) to bank holding foreclosed or short sale properties. It is way underpriced. They become the listing agents. They sell it to some partner for cash at a reduced price. $10000 in "upgrades" later they resell it at market prices. Real story-Agent's husband just bought a property at $310,000 from lender and sold it a month later at $390K. (4 model matches are $390K) Wow! I am doing something wrong.

Joe Parsons: (November 18, 2009 8:06am)

There is an article today by Diana Olick, CNBC's real estate reporter. She sais, incorrectly, that Mark Savitt was the driving force behind the petition. Frank and Brian received no mention at all. The article is at http://www.cnbc.com/id/33996852/site/14081545/comid/1/

clulessdad: (November 18, 2009 8:04am)

Marc Savitt gave a VERY good, well versed discussion with Brian Sullivan. Nice job, Marc!!!!He explained that the HVCC did not get rid of the conflict of interest between the banks and AMC's. "And we know that mortgage brokers are not the cause of the problem, as we were carved out of the process in May." The story was cut a little short, and nothing was said about the loss of industry jobs, etc. Hopefully they will have another snipit with Marc later. He made mention that EVERY person is losing equity in their homes every day. It also doesn't hurt that today's economic news showed the NAHB showed much lower housing starts last month and mortgage applications plunged last month, even though rates are at historic lows.

BT: (November 18, 2009 7:58am)

I've been looking on "Fox Business",but they're yammering about the same thing over and over - no HVCC. Can you be more specific? (and its probably all over by now anyway...)

GODLIKE: (November 18, 2009 7:49am)

BORDERLINE the answer to your question is NO. You cannot have an active Real Estate license, insurance license or Securities license and originate FHA loans. As a matter of fact I accidentally found out FHA is aggressive enforcing that rule when I called HUD on a completely different subject and they went out of their way to ask if I knew of an Realtors originating FHA loans.

clulessdad: (November 18, 2009 7:43am)

Fox Business

Deedie: (November 18, 2009 7:37am)

Clulessdad what form of media are you watching? Fox Buisness, Fox News or internet

Clulessdad: (November 18, 2009 7:34am)

Brian Sullivan just gave a short snip-How HVCC is producing more appraisal fraud- something should be on live in a couple of minutes

Deedie: (November 18, 2009 7:25am)

I have it on the cable network and internet and nothing about Brian, Frank or HVCC????????????

Matt in Co: (November 18, 2009 7:17am)

Good going guys. What you're doing is as American as apple pie, so Times Square as a backdrop is pretty cool. I've only been there once. New York is a great city. Too bad it has so many hack politicians. Amazing how just one of them can ruin an entire industry and consumer choices.

App: (November 18, 2009 7:16am)

@Atlanta LO :I'm trying to find it live but no luck yet. It might be on after they deliver and Fox biz can stream it to the website. I REALLY want to see what's going on. Thx

WillWorkForFood: (November 18, 2009 7:16am)

Hi guys....are the times EST or PST??? Best wishes from So. Cal and THANK YOU!!

SF Big Dawg: (November 18, 2009 7:15am)

Thank you guys for going out and being a voice for all of our cause. I love the show. I have to say it is great that the immediate past president is with you but what could be more important for the current president of NAMB that he is not there?

Atlanta LO: (November 18, 2009 7:07am)

To App: The link came up on my PC – It is Imus is on currently.

ILL Appraiser: (November 18, 2009 7:04am)

You go guys!!! Wish I could be there but just like many appraisers I can't afford the trip. Just trying to hold on...Many, many thanks for what you're doing and I'm praying for success.

Concerned.: (November 18, 2009 6:58am)

I *really* hope you guys wear a suit or something.....

Mark: (November 18, 2009 6:54am)

How about now going after the govt in regards to unfair trade? If we cannot get YSP nobody should. The crap that banks do not know what the SRP is on their loan is crap - they know when it is locked(talked to a bank rep yesterday and he confirmed that when they lock, they see every penny and who gets what).

App: (November 18, 2009 6:52am)

I think this is a live link to Fox Business news. Can someone verify? I don't pay enough to receive it on my tv. Thanks http://video.foxbusiness.com/

borderline: (November 18, 2009 6:50am)

can a mtg broker originate FHA mtgs IF the broker happens to have an active Real Estate License?

sc mtg broker: (November 18, 2009 6:40am)

Good luck guys and thanks for your continued efforts in this turbulent business. Great show!

App: (November 18, 2009 6:40am)

Brian, from yesterday about the schedule: brian tbws: (November 17, 2009 1:08pm) We just hooked up with Marc Savit the immediate ex president of NAMB and a champ of our HVCC movement. So for tomorrow we have 10 to 11 Fox Biz, at 130 we have cnbc showing up at Cuomo's office (Come down!!!! 120 Broadway) for the delivery of 50 cases of YOUR hvcc sigs. This should be a pretty good push guys. If you can randez vous give me a call at 707-330-1272

Recovering LI Broker: (November 18, 2009 6:39am)

WELCOME TO NYC Really cant believe you guys did the foreign tourist act in times Square. Sheesh, Good luck today with Mario's little boy, hes so cute trying to screw evrything up just like Daddy. Really, Thanks for the great job you guys are doing. And...Keep those NYC guidebooks out of site, they are like a flashing red light screaming tourist. You guys aremreally thinking big but doing bigger.

Stevie Wonder: (November 18, 2009 6:34am)

Wow! New York City! skyscrapers and everything! *cue Livin for The City* Just don't let anyone hand you a bag on the street..

Realtor/Lender: (November 18, 2009 6:33am)

Never can I miss a day of the telecast.....Good Luck.....GREAT EFFORTS!

DEEDIE: (November 18, 2009 6:31am)

WHEN ARE THE SCHEDULED TIMES FOR THE NETWORK INTERVIEWS?

REBMIKSTER: (November 18, 2009 6:29am)

PLEASE EXPAND ON HUD , GFE STUFF// I AM STATE CERTIFIED GA, BEING DOING HUD WORK 25 YRS, DO I HAVE TO MAKE ANY CHANGES WITH HUD

Mark: (November 18, 2009 6:21am)

Noel - let it go. The more the do and the more we have in print, just provide me with more proof for the class action lawsuit

GED: (November 18, 2009 5:54am)

Hey Guys, contacted HUD yesterday and they said that the new GFE goes live as scheduled, they just won't strictly enforce its use, whatever that means.

TN appraiser: (November 18, 2009 5:43am)

Thank you guys! I appreciate your efforts.

Rich Sr: (November 18, 2009 5:38am)

Ahhh, NY, NY. I was born there but grew up in the 'burbs of LI. Thank you for not just showing up but for standing up on behalf of all those 120,000 signatures and the many of the silent majority. Enjoy your time doing what you do best-communicating the facts! I pray it doesn't fall on deaf ears.

DAG: (November 18, 2009 5:31am)

Glad to hear CNBC will be there. You are so right 120,000 is a lot, but not a drop in the bucket for consumers, appraisers, brokers,etc suffering with this phenom known as as HVCC. I say this as I struggle to try and close a purchase that was written $100,000 under the asking price, appraised higher than the contract price and yet, the AMC managed to mess it up by losing contact with the first appraiser, literally admitted they could not find him. The second appraiser did a pretty good job, albeit 3+ weeks into the process, now the lender has questions, adding 48 hours every couple of days. Five weeks into it, still slugging it out to close. The cost to consumers of HVCC has got to be astrnomical! My hope is that Mr Cuomo has an awakening.

brian tbws: (November 18, 2009 5:20am)

Hi Noel, Thats next and we're gonna get on that like grease on pork-chops. Jersey Girl & Cornerstone Kathy... we're looking forward to finally meet you and your group.

JohnTheHeckler: (November 18, 2009 5:04am)

Frank and Brian,Today is the day. You two could be as famous as the peeps who exposed ACORN(BUTTCORN).You are leaders of men.Give Cuomo(Homo) Hell!!!

Jersey Girl: (November 18, 2009 5:02am)

Brian & Frank TBWS: Thanks for doing this. We're heading up to NY for 1PM arrival. See you then! :)

Noel: (November 18, 2009 4:47am)

Why is no one discussing the details of the end of YSP for brokers beginning Jan 1. We cannot get a clear answer on anything from our lenders.

just sayin': (November 18, 2009 4:36am)

work 'em silly, boys...do not forget to kick Cuomo in his balls for me...just sayin'

Appraising in Maine: (November 18, 2009 4:35am)

Go get em guys, I'm glad somebody has the guts and commitment!!!!

brian tbws: (November 18, 2009 4:30am)

1 would be great. The Delivery is at 130 and our meeting is at 2. Where's NY well of course we know... its at the center of the universe. and yes the location is 120 broadway

Fossil: (November 18, 2009 4:26am)

Awesome guys!!!!! LOVE your show...LOVE that you are CONNECTED, FUN and RELEVANT!!!!! Long term viewer of your show an this looks better than the old padded room!

Chuck: (November 18, 2009 4:14am)

Do you clowns know where New York City is....

LI Appraiser: (November 18, 2009 3:59am)

120 Broadway (Federal Plaza) which is between Chambers and Canal. I was told 1pm would be great.

ne appraiser: (November 18, 2009 3:54am)

Where is the SECRETE location ? I was/may going to drive into town and join but I would love to know where your going to be. A schedule would be helpful

Look in the Mirror: (November 18, 2009 3:51am)

New York looks a little different than Fairfield. Good luck. Wished I could be there but it wasn't enough notice. Please advise what times you will be on FOX and CNBC so we can watch.

Big or Small: (November 18, 2009 3:34am)

Who is big and who is small?

LI Appraiser: (November 18, 2009 3:09am)

Excuse me, I guess you have not gone to sleep yet

LI Appraiser: (November 18, 2009 3:08am)

Its about you guys are up