Dennis' Mortgage Blog

Have you or a client experienced problems, financial hardship, cancelled purchase transactions or otherwise been negatively affected because of a poor appraisal under the new Home Value Code of Conduct (HVCC)?  If so I encourage you to tell the National Association of Mortgage Brokers (NAMB) the details at hvcc@namb.org.

From NAMB:

NAMB made every effort to obtain a 12 month delay of the HVCC, however this study will more effectively illustrate the damaging effects the HVCC is having on consumers and the marketplace. Representatives Gary Miller (R-CA), Travis Childers (D-MS), Donald Manzullo (R-IL), and Michele Bachman (R-MN) all spoke out strongly against the HVCC and in support of the 12 month delay during markup of the bill. If you have specific examples (including documentation) of ways the HVCC has affected you or your consumers, please forward this information with your name and contact information to hvcc@namb.org. NAMB is collecting this information at the request of the Federal Housing Finance Agency (FHFA).

Please let your stories and impact be told so we can get this policy overturned and get our excellent appraisers back into our transactions.