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5pence: (April 01, 2010 8:03pm)

Sent a long letter to 3 parties at the Federal Trade Commission. I thought there was no one left to complain to lol. I'll let you know. From their site it looks like sunsetting the HVCC isn't in the Senate bill. It has an attachment, HR 1728 which has that a study is to be done of the HVCC and it's effects on consumers and small business only. HR 1728 started out as sunsetting the HVCC - what happened?! I like the House bill much better - it's the better of 2 evils. Anyway - have a great holiday weekend. Watch out for the pranksters lol

Anonymous: (April 01, 2010 7:31pm)

I was advised today that my sale cannot close because FEMA has declared my area a flood zone....it has never flooded, even after the hurricans.....mortgage company won't close without flood insurance and no company is writing flood insurance in Baton Rouge, LA at this time.....what can we do to fight this.....the buyer is ready, the seller is ready, mortgage approved but cannot get flood ins. Help

FHA Steve: (April 01, 2010 6:53pm)

I have some signatures for Marc Savitt to take to DC as well on 4/14/2010. Marc Savitt, should call Michael Brush, the exceptional Civil Rights and Federal Law Expert, that I have used before and interview him. Please Marc Savitt, call Attorney Michael Brush at 310-963-0140 he has been briefed already, and he believes he can bring the HVCC nightmare to an end. Also, Marc, please contact me at [email protected] for a copy of my hundreds of sigs to KILL HVCC with Teeth. http://www.ipetitions.com/petition/kill_hvcc/

5pence: (April 01, 2010 5:54pm)

That sounds like extortion RnchoMtgChck. This HVCC is absolutely criminal and the ones behind it are not being punished! It gets me angry when I hear how the consumer is being ripped off for no good reason and there's no one to call that will listen!! There is no protection for the consumer against predatory lending practices like those - or is there? Has anyone tried the Federal Trade Commission for complaints? From their site: The FTC's competition mission is to enforce the rules of the competitive marketplace- the antitrust laws. These laws promote vigorous competition and protect consumers from anticompetitive mergers and business practices The Bureau: seeks out and challenges anticompetitive conduct in the marketplace, including monopolization and agreements between competitors; promotes competition in industries where consumer impact is high, such as health care, real estate, oil & gas, technology, and consumer goods; http://www.ftc.gov/bcp/index.shtml

Ill Appraiser: (April 01, 2010 5:43pm)

FHA Steve, hvccpetition signatures are going to Washington DC on 4/14 with Marc Savitt and NAIHP.

FHA Steve: (April 01, 2010 5:27pm)

I have started a group on FACE Book Group to help get signatures for the KILL HVCC Petition, and BTW, we are looking to use lobbyists a we only need the $6,000 for the starter fees. http://www.ipetitions.com/petition/kill_hvcc/ http://www.facebook.com/home.php?#!/group.php?gid=106146056086176 We are also going to make a documentary about HVCC, some have volunteered, but we need more… email me at [email protected]

RnchoMtgChck: (April 01, 2010 5:25pm)

I have an FHA transaction, borrower paid 400.00 for appraisal at lender A. Then lender A say i need review appraisal, 400.00 but borrower can't pay so seller pay. They both came in at 200k. Then loan declined at lender A - I come into picture to save the day :) Lender B say "oh we need a full review appraisal". I say "crap". Now 3rd appraisal ordered $470.00, I have to pay now. Landsafe appraiser tells me "oh no this is never going to come in". I spend a day doing my comps to prove value and I PREVAIL, appraisal comes in at 200k "go freakin' figure". Now clear for docs but lender wants CIR 100.00 borrower can pay for stove listed deficient in first appraisal, 3rd appraiser didn't mention - i am fighting - THIS IS HOW OUT OF CONTROL THE APPRAISAL PROCESS IS. $1370.00 IN APPRAISAL FEES... just thought i would share. Rancho Cucamonga Loan Broker. tt

CornerstoneKathy: (April 01, 2010 5:00pm)

OK 1 more..DNA test will be performed at closing to avoid any non-arms length transactions. Loan funding will be contingent upon satisfactory receipt of DNA results

CornerstoneKathy : (April 01, 2010 4:58pm)

Glad someone else has a sense of humor!! I love April Fools Day!! One year we got magnetic bumper stickers for the appraisers cars that said stuff like I Love My Big Fake Boobs..it was a riot!

energizerbunnyappraiser: (April 01, 2010 4:51pm)

TRY THIS AGAIN... too funny! But, they require BOTH side views, a rear view, & street shot, BOTH directions. Oh, and they want the names of all the PREVIOUS BROKERS involved in the LAST SALE, to verify no builder/developer/broker influence. AND, WE'D LIKE THAT WITHIN 24 HRS!! *OTHER APPRAISER'S "MUG SHOTS" MAY NOT BE USED.. MUST BE YOUR OWN NEW PHOTOS!!*****all photos, broker's actual names and weight is subject to appraiser verification, and not guarenteed accurate*** =-) CornerstoneKathy: (April 01, 2010 2:46pm) New underwriting guideline. Closing will not occur without loan officer presence at settlement and loan officer picture will be taken at the closing in mug shot format with loan number. Picture should meet standard guideline of 2 X 2 inch in color format with one facing and one side view....APRIL FOOLS!!!

energizerbunnyappraiser: (April 01, 2010 4:44pm)

CornerstoneKathy: (April 01, 2010 2:46pm) New underwriting guideline. Closing will not occur without loan officer presence at settlement and loan officer picture will be taken at the closing in mug shot format with loan number. Picture should meet standard guideline of 2 X 2 inch in color format with one facing and one side view....APRIL FOOLS!!!

SouthlandAppraisersUnion.com: (April 01, 2010 4:15pm)

As we stand here being the scapegoat for everything that has been done in the financial world. We have such a look of surprise on our face as we sit and say gee this really is not fair. The bank has been looking ot get a piece of the appraisal market so they bought it. They have proved beyond doubt , they can not be trusted. RegionsLawsuit.com is my latest sword. So funny Regions was sucha good honorab le bank , so amsouth the low man on the pole bought them out for hte name, Of course they kept their pracitices the same..

Richimac: (April 01, 2010 3:00pm)

Just wanted to pitch in my two cents regarding the repercussions of the Fed getting out of the MBS purchases. It's a head fake to entice the private sector to get in the game. Rates could double and the private sector would still remain on the sidelines. Watch for the Fed to get back in the game before the end of the second quarter is my guess.

Ill Appraiser: (April 01, 2010 2:56pm)

Anybody going to Washington DC on 4/14?

CornerstoneKathy: (April 01, 2010 2:48pm)

USPAP Update..All appraisers will be required to use masks and ear plugs at the time of inspection to avoid any personal influence by the borrower or broker for the appraised value....OK I will stop now

CornerstoneKathy: (April 01, 2010 2:46pm)

New underwriting guideline. Closing will not occur without loan officer presence at settlement and loan officer picture will be taken at the closing in mug shot format with loan number. Picture should meet standard guideline of 2 X 2 inch in color format with one facing and one side view....APRIL FOOLS!!!

Joecolorado: (April 01, 2010 2:05pm)

Boy THAT was a downer after I read it,....sorry.Its not really THAT bad, it just reads that way.

Joecolorado: (April 01, 2010 2:03pm)

SO CAL-I have also been a staff appraiser,BUT The banks make the rules as they have the money.If they say that the departments have no contact, then that pretty much is to be taken as gospel(why would they lie?.........yeah right).As an appraiser there is nobody to complain to about anything as the Independent Valuation Protection Institute(grand name isnt it?) hasnt been established yet and therefore the provisions regarding the Institute with regard to HVCC are not effective.Even when it is established,it will probably be as effective as a collander holding flatulence. So, sadly, in effect it doesnt really matter what we think,we are just to take what we are given and to shut up,and in any event, we as appraisers dont have a say in this as we are currently the whipping posts of the industry so no matter what we think, no one is listening to us.(One hand clapping etc.)

SoCalAppraiserGal: (April 01, 2010 1:38pm)

@joecolorado....dont u think its a joke though? i mean come on...like the appraisal "manager" at the bank isnt gonna have any contact with the loan officer that works at the same bank? i think this whole HVCC is wacked....ive been a "staff appraiser" before i know how it works....

Anonymous: (April 01, 2010 1:23pm)

not mandes,......but mandates.

Joecolorado: (April 01, 2010 1:23pm)

There is no legislation legel or otherwise which mandes an lender to use an amc. They just weaseled their way into the process as it was less expensive at that point for the banks to use established amcs rather than put out the expense of building a separate set of office workers that augmented the mortgage side of their business but were not the loan production staff.

Joecolorado: (April 01, 2010 1:20pm)

any bank or lender can order an appraisal,providing they comply with HVCC which is to have the appraisal ordering section totally separate from the loan production staff.There is no stipulation in HVCC that requires the use of an amc....NONE.

SoCalAppraiser: (April 01, 2010 1:10pm)

@commonsense...can you tell me what bank here in CA orders appraisals directly without an AMC intervention.....

5pence: (April 01, 2010 1:02pm)

Sorry sus, it was meant as a joke. I hope you and everybody else have a very relaxing and enjoyable holiday weekend.

Joecolorado: (April 01, 2010 12:45pm)

common-I agree with you but unfortunately dont know your company or your reputation,I just cant fathom rudeness by ignoring your calls to GIVE them money.Perhaps they are out of the business entirely or so busy doing cheapo amc appaisal work that they dont know a good deal when it bites them in the Butt.Like I say, when I dont like the fee or the conditions attached to the appraiser I phone back as a common courtesy, and tell the lender why I dont want that particular commission from them. If they have the time to phone me, I make the time to phone back. Hopefully you ended up with the job done for a fee that was satisfactory.

sus socal appraiser: (April 01, 2010 12:39pm)

oh yea...forgot that today is April 1st.... & it's a full mooon..... B&F thanks for fixing the discussion post

sus socal appraiser: (April 01, 2010 12:32pm)

I'm exhausted.....Do we want to hire lobbyist as F&B suggested to get our message heard at the State & National Level...or just post thoughts on this blog. Lobbyist charge ~ $10,000 per month...5,000 appraisers x $100.00 = $500,000. Can we Organize & Collect for this...www.CaCAP.org - The California Coalition of Appraisers is trying. The NAIHP is holding a Rally in DC on 4/14/10 - for those who cannot attend...Can we organize Rallies Locally - state capitals, local State & national Rep's offices....To get OUR MESSAGE OUT??? WE NEED TO DO BOTH How many of us have spent more than $100 on the March Madness pools???? We rally for our Favorite Sports Team/Person...yet we are not willing to Rally for our Cause..... The only way to get change is to make it happen -AMC's currently control us...Now we know that we can't do a Work Stop...But that does not mean that we Can't Rally to get our Message out

SoCalHighDeZAppraiserGal: (April 01, 2010 12:31pm)

Happy April Fools day everyone.....you all get full fees again!

Common Sense: (April 01, 2010 12:31pm)

Joecolorado: We never got that far. In other words, my appraisal manager just identified herself, stated that she needed an appraisal in Arcadia, CA. and asked for a return call. We never negotiate appraisal fees and generally get excellent service for that reason. She used google maps to make sure the appraisers were in the general area, so I know that's not an issue. I understand Arcadia is pretty posh, so that shouldn't be an issue either. We do loans all over the country and often pay up front when we do not have a relationship. I think we are pretty easy to work for, and don't usually have a problem. My point is, L.A. appraisers need to quit whining if they are not even going to answer the phone when opportunity calls.

Common Sense: (April 01, 2010 12:30pm)

Joecolorado: We never got that far. In other words, my appraisal manager just identified herself, stated that she needed an appraisal in Arcadia, CA. and asked for a return call. We never negotiate appraisal fees and generally get excellent service for that reason. She used google maps to make sure the appraisers were in the general area, so I know that's not an issue. I understand Arcadia is pretty posh, so that shouldn't be an issue either. We do loans all over the country and often pay up front when we do not have a relationship. I think we are pretty easy to work for, and don't usually have a problem. My point is, L.A. appraisers need to quit whining if they are not even going to answer the phone when opportunity calls.

SoCalHighDeZAppraiserGal: (April 01, 2010 12:28pm)

@5pence...good one....had to read that twice to get it...

Joecolorado: (April 01, 2010 12:19pm)

Actually I think Dewey Cheatham and Howe sued due to not being able to pass A bar....not THE bar....I know several solicitors, two barristers(both are total asses) and one QC in London(a decent man) three of which suffer from gout, the cause of which is that very affliction.

Joecolorado: (April 01, 2010 12:14pm)

sus-ok dont get yer bindies in a bind....look at the date the prestigious law firm was established.....then look at the name and say it out loud....NO.....dont just read it.....say it out loud....GOOD ONE 5Pence.....

Joecolorado: (April 01, 2010 12:11pm)

appraisergal-That IS the full appraisal fee.......the full appraisal fee that THEY are paying that is.Perhaps AlaMode will confirm the full or typical fees for that neighborhood,I dont know if they charge for that information, so be careful, as I was asked to pay a $13.75 "transfer fee" from Alamode for a request that came through their Xsite system!!!!The fees offered were 50% lower than my typical fee structure for a building of the size,quality and location,the return by day was for this friday,(request received yesterday evening (Wednesday at 6:30p.m.)) on a $1.5MM property.Alamode are just jumping on the bandwagon by being an amc's amc.

sus socal appraiser: (April 01, 2010 12:10pm)

5pence: can you repeat what you said about the $40 1004 mandated fee......& what effect this will have on us???? where is the link...a lawsuit that none of us have heard about????

joecolorado: (April 01, 2010 12:02pm)

case pending.

Joecolorado: (April 01, 2010 12:00pm)

5Pence-I just heard that Dewey,Cheatham and Howe were sued for incompetence by Sooem,Grabbite and Runne a prestigious international law firm from London(Est.Mar,31st 1887.),queens council and general dogsbodies, for gross incompetence and other pernicous matters as they actually had been representing the appraisers and not the amc's.

appraisergal: (April 01, 2010 11:57am)

Hellooooo, Anyone remember the talk on the management co. for appraisal loft? Weren't they offering full appraisal fees to the appraisers??? I just got my first order with them and the fee was $210- interior, 1004 w/1004MC....This is all just WRONG

valuequestor: (April 01, 2010 11:16am)

I'm too worn out to complain today. I just try to spread the word about how intrinsicaly evil the super banks are whenever I'm in contact with the general public. Most people are very receptive and agree. We need to elect reps and senators and state officials that realize that they MUST HAVE LIMITS. We need to regulate them in order to protect the public interest. (OK just a little complaining)

5pence: (April 01, 2010 11:08am)

I just heard the law firm of Dewey, Cheatem and Howe won a billion dollar lawsuit on behalf of AMC's and appraiser fees will now be mandated at $40 for a 1004 full appraisal! "Dewey, Cheatem & Howe is an international law firm working in the fields of personal injury, product liability, casinos, the mafia, the Non-God-Fearing Democrats, Liberal Terrorists, and are actively involved in the Evil Atheist Conspiracy and various litigation cases." "The Dewey, Cheatem and Howe law firm was founded on April 1, 1887 in London, England. The first partners were Howie Dewey, Icabod Cheatham, and Rebecca Howe, who met while attending The City Law School, which they subsequently sued for their poor grades, low graduation rankings and inability to pass the bar.

DickNH: (April 01, 2010 11:03am)

While Congress is on vacation & won't be re-upping flood insurance, it gives all of us a chance to ponder WHY taxpayers are REPEATEDLY subsidizing the BAILOUTS (literally) of buyers & sellers who own in flood zones with dirt cheap policies (that payout claims again and again and again...) given that no PRIVATE market for flood insurance exists (I wonder why...?). I'd call those who live in certified flood zones "idiots" - but it's really the REST OF US (who pay for the subsidies) who are ... while Realtors laugh all the way to the bank with REPEATED commissions.

N.CalAppraiser: (April 01, 2010 10:56am)

Common Sense - what bank are you talking about? - I'd love to get some work from anyone.

Stingray: (April 01, 2010 10:33am)

5Pence - Sounds great! On another note, I just read newcomer Sidd Finch who can throw 168mph is finally going to start for the Mets!

sick of govt.: (April 01, 2010 10:33am)

Click on this link to see your hard earned tax dollars and govt. at work: http://www.youtube.com/watch?v=zNZczIgVXjg

5pence: (April 01, 2010 10:27am)

Obama just said that he's giving all homeowners $100k !! He said to spur the economy! Alright!!

cpappraisals: (April 01, 2010 9:47am)

GODLIKE-He stated that homeowners are exempt from HVCC so I responded to that but who knows... :)

DebraC: (April 01, 2010 9:44am)

Can CA first time home buyers take advantage of the $8000 federal tax incentive and the CA $10,000 tax incentive starting May 1, if they are in contract now and close May 4, 2010?

5pence: (April 01, 2010 9:44am)

@justwondering - people have been voting for those politicians that can produce the most monetary benefit to them. Look where that's gotten us. People now more than ever in the recent past are fed up with the corruption and they know that they've lost their voice in government when the banks are allowed to dictate the will of the people without question. This is a moral crisis and it's going to affect our children and their children. How can you possibly think that this time isn't different than any other time??! Where have you been for the last 2-3 years. No offense but complacency is unbecoming. "All that is necessary for evil to take over is for good men and women to do nothing".

expgaappraiser: (April 01, 2010 9:39am)

homeowner can still order appraisals under certain circumstances...but we have to give them disclosures as soon as they call us to say that they more than likely can't use it and they have to check with ANY LENDER first. Another loss of business. Justw---negative views about voting help nothing....if you aren't willing to express your opinion by voting - that's pretty sad - Congress/Obama has changed almost every aspect of my business and personal/financial life in the past 18 months---I don't know about you but that's worth standing up and voting to me. All this insurance - Got a notice today from my HSA - now it's nearly impossible for me to even make 0.25% until I have a balance in that account. They are holding anyone with any assets hostage. FEES are taxes--as there is no way to get out of paying them - Wake up people. If you think you're immune your hurting your kids...if you don't have kids...your hurting your parents or nephews...etc.

justwondering: (April 01, 2010 9:32am)

You can vote in or vote out who you'd like but it won't make one difference. People in america have been voting for quite some time now. Has it done us any good yet? Why would you think voting will change something for this time.

GODLIKE: (April 01, 2010 9:25am)

cpappraisals I don't think he was saying to have the homeowner order the appraisal under the present system, I think he was saying to change the system so that the Homeowner ordered it.

SoCaLAppraiZerGaL: (April 01, 2010 9:25am)

@common sense...since when do banks order their own appraisals? this is news to me....isnt that what HVCC was created for so you DONT contact us?....just sayin....

GODLIKE: (April 01, 2010 9:23am)

As far as the different spins on the same information from the S&P people, I wouldn't be at all surprised if overall housing prices were up. We have a few places where the prices are down dramatically and they get lots of publicity, but most of the country isn't feeling the housing price pinch nearly as much. Here in Texas prices are still going up, just not as much as they were, but still up. How many other areas are like that and are more up than down?

expgaappraiser: (April 01, 2010 9:21am)

what's wrong with having a light turn on when you flip the switch and an electrical system that works - switchplates cost less than $1? If you're a buyer you expect lights to work. "winterizing homes"---that's a joke as a government job program???--that's just fraud from the get go. You must not go into homes in neighborhoods that need "reviatlization" where you feel like you need to have a firearm with you to protect yourself.

expgaappraiser: (April 01, 2010 9:20am)

what's wrong with having a light turn on when you flip the switch and an electrical system that works - switchplates cost less than $1? If you're a buyer you expect lights to work. "winterizing homes"---that's a joke as a government job program???--that's just fraud from the get go. You must not go into homes in neighborhoods that need "reviatlization" where you feel like you need to have a firearm with you to protect yourself.

cpappraisals: (April 01, 2010 9:17am)

capraisalco-The lender WILL NOT accept an appraisal from a homeowner. The appraisal is for the lender not the homeowner. The bank just doesn't pay for it. A homeowner can order appraisals all day long but they will be waisting their money because the lender will not accept it.

expgaappraiser: (April 01, 2010 9:16am)

Too big to fail?? the taxpayers ie govt can't "guarantee" everything--if you all aren't scared that currently they say 30% but common sense tells us at least 60% of loans/financing these days are govt owned/backed. If homeowhers keep defaulting the govt is going to own most of the real estate in this great country of ours--and now it's moving into commercial properties as well. it's time for Americans to start paying their own way in homes they can afford - and I'm sure we all know or have seen people who had no business owning a home--they can barely raise a cat - let alone take care of real estate.

expgaappraiser: (April 01, 2010 9:11am)

I get the alerts daily from ASC - nationwide every state is losing appraisers every day - but CA has the most expirations which is folks leaving the industry. Appraisers can't hold on for no income. Amen to term limits - and correct about folks not understanding banking/finance industry - I'm not sure I understand it anymore since the govt is so involved now - hands off please congress.

capraisalco: (April 01, 2010 8:59am)

I don't believe that is the case, I believe that homeowners are exempt from the HVCC of course they are an interested party.

LAppraisaer: (April 01, 2010 8:22am)

to common sense the ones who didn't call you back are out of business. call me next time in LA area

pdxbroker: (April 01, 2010 8:12am)

I have worked with a buyer using that money intended to stabilize neighborhoods. The buyer gets up to 50k zero interest loans and they are tied to required repairs like... get this~ all the light bulbs have to be in the fixtures and all the switch plates have to be perfect, i.e. not cracked. The requirements are a little wierd to say the least and 50K to each buyer??? How about 10 percent of the purchase price instead... more buyers can be helped that way

Joecolorado: (April 01, 2010 8:10am)

If you think the crisis will be reinedin in this administration, dream on. This is going to be an ongoing cyclical financial crash every couple of years if the banks are not put in their place.Brooksley Born is correct,we havent learned anything from the last crash and we arent learning anything from this one,this insanity will continue until we stop this madness and rein in frivolous politicians and greedy banks.

Joecolorado: (April 01, 2010 8:06am)

Why should we stop demonizing banks,They are the reason WE are in this predicament as THEY call ALL of the shots.I am sick of the banks being whiney when it doesnt go their way,Credit Unions are a classic example of the greed expressed by banks,trying to keep ALL of the money.Tolkein's Gollum character would be proud of the way banks work and was portrayed pretty much how they sound as well..Too big to fail,exemplifies the type of arrogance that got us into this mess,They need to be reined in as we have let this go on too far,but it already may be too late,

5pence: (April 01, 2010 7:55am)

Of course Ezra - just tell me where to send it. We're brothers in arms of the AGA

5pence: (April 01, 2010 7:53am)

My voting comments were for udog because he asked. I'm not trying to tell anybody how to do anything. Just expressing an asked for opinion. Jamie Dimon says we need to stop demonizing banks. He also said we should drop too big to fail from all comments about the banks. What a saint {heavy sarcasm}

Ezradams: (April 01, 2010 7:50am)

5Pence, If you're in New Jersey, would you be willing to either share that CMA/BPO or bring it to the April 20th meeting with the Real Estate Commission? We're looking for all the ammunition we can get for that meeting.

5pence: (April 01, 2010 7:45am)

Common sense : Could be they've taken on other jobs to make ends meet or have quit the profession. Like joe, I can't imagine them not calling you back. BTW, I got a CMA on a house and it came in at $219k, only about $75k off of it's real value. Sure, let realtors do BPO's.

5pence: (April 01, 2010 7:39am)

I just found out that the Fed is not buying new MBS's and that the money left with the Treasury, $4 trillion, is only for loan defaults. How come you brokers didn't tell me that??!! My mistake - but, lets see how it plays out. I seriously doubt that $4 trillion is there just for defaults.

Joecolorado: (April 01, 2010 7:38am)

common sense-give us more details, what was the fee you were offering?how big is the house(gross living area)?where is it?bed?baths?location?turn-around time?size of land? I dont believe that the appraisers you called none called back if the fees offered were equitable for the job. I call back if the fees are adequate and I CANT do the job.I figure that if you called me out of the blue,I should have the manners to call you back with a rejection and a reason for that rejection.BUT if your fees are no where near my worth,Why should I waste my time calling you back as you dont have the respect to offer me a decent fee.

5pence: (April 01, 2010 7:22am)

The main thing in voting is to let them know that we the people still control this country and not the big banks. The arrogant bashturds are all bought and sold. Lets get some Jimmy Stewart from Mr Smith goes to Washington in there. Underneath all of this it's a moral crisis and it's the seats of power in government that have been corrupted beyond retrieval - they've crossed the lines of power and morality for favors of largess and can't turn escape the corruption in their souls that they've created or allowed. Corruption can only grow with the same politicians in power. I personally am sick of it. Look what they've done to this great country. It's a shame. We're now the largest debtor nation in the world and those that bankrupted the world are still in there up to the same tricks that got us here. Now the byword for America is "crime pays". Damn shame

5pence: (April 01, 2010 7:08am)

On "B" on the video poll - are you saying that flood insurance doesn't work? hahahaa. Funny poll - everyone at once lol. I wish appraisers would do that

5pence: (April 01, 2010 7:00am)

That's the problem nwafranco - the banks controlling the process always has pressure and easy money corruption. Taking the bank out as client would eliminate all pressure on the appraiser and would keep the banks honest. imo

Common Sense: (April 01, 2010 6:42am)

RE: Video Poll: I think they should take off the rest of the year!

nwafranco: (April 01, 2010 6:41am)

capraisalco- the problem with the homeowner ordering the appraisal is that banks won't accept them because no interested party in the transaction can order the appraisal

Common Sense: (April 01, 2010 6:37am)

I thought your Cali appraisers were hungry. We tried to order an appraisal in the Los Angeles area yesterday and of five appraisers called, only one called us back. We are a bank so there's no AMC to pay. moral of the story? Return your calls and you might just see an increase in your business!

5pence: (April 01, 2010 6:30am)

udog - when you vote think term limits and no money to Congress for lobbying. The main thing in my opinion is to wash them all out and start new. Those newly elected will know they do the will of the people or their term will be cut short. Hey, they might even be grateful for being elected - that alone would be a nice change

Ochyte: (April 01, 2010 5:41am)

I'm doing short sale in 20 states right now and the best market trend that I have seen this year is stagnant. All of the other 19 states are still in decline. Of course I'm missing 30 states so i am a little biased. Considering that 1/6 of the us population is in California and the other markets that I work in add up to about 60% of the US population, I would say that we are still in decline. Sorry DSnews. i saw that article too!

udog: (April 01, 2010 5:32am)

Its great to vote them out but who do we vote in????? Most politicians say one thing when they are running for election but once they are in it seems like another person takes the office. A lot of our elected officials have little idea of how the mortgage industry functions. This veterans situation is a primary example of how very little they care. Vacation - there's no vacations is politics.

capraisalco: (April 01, 2010 5:26am)

Hey dudes....that how you guys roll in Cali right?? anyhoo from the bland state of Rhode Island which bye the bye is where some of the best ideas in the country originate...why is it that you guys have not proposed and promoted the most easy and simplest way to circumvent the HVCC that is requiring the homeowner, buyer, etc to be required to order their own appraisal much like they pick lawyers, doctors, plumbers, electricians home inspectors etc. This, in my opinion would solve most if not all of the regs and problems that have arisen with this ill conceived and implemented regulation. Moreover, it would also make the appraisal property of the homeowner thereby make it more portable and would restore the business of home valuation where it belongs with the individual appraisal companies.

Noel: (April 01, 2010 5:16am)

I wouldn't be so quick to withdraw the prediction in general. The market tends to have knee jerk reactions and many will wake up this morning and say "Cheese - no more MBS purchases by the fed; wonder what we should do?" In 2002-2004, mortgage rates usually did not react immediately when the fed changed the discount rate.

denise: (April 01, 2010 4:56am)

First time home buyer and just back from Afganistan can not close on home because it is 1/2 in flood zone. He may lose the house.This is a disgrace to America.He applied before the deadline and the moey for the flood insurance was in escrow.Still since it was not paid for USAA will not let him close.This just goes to show you how much our congress cares about the veterans and the rest of us Americans.Vote em out next time.