Working to Suspend HVCC

sudler-sothebys-logo9 July 2009 ? The National Association of Realtors is working to amend the new Home Valuation Code of Conduct (HVCC). A new bill, the HR. 3044, has been proposed by U.S. Reps. Travis Childers (D-Miss.) and Gary Miller (R-Calif.). They have teamed up to champion the bill that would put a moratorium on the new Home Mortgage Valuation Code of Conduct. The bipartisan legislation directs the Federal Housing Finance Agency, which is the conservator of the two secondary mortgage market companies, to suspend the code for 18 months. This will allow time to amend and fix the problems with the current legislation. In order to help please sign this petition: http://www.hvccpetition.com/.

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About Katie Anderson

Katie Anderson is a respected and successful broker at Sudler Sotheby's Realty as well as a certified appraiser. She specializes in representing clients who purchase and sell condominiums, town homes, single-family homes and income property in the Chicago land area. In her small amount time in the real estate game (she became an agent in 2003) she has assisted in excess of 400 deals and over $200 million in sales and continues to use her skills as a certified appraiser. Katie resides in Chicago's Bucktown neighborhood with her loving husband and 4-year-old-daughter, where she spends much of her spare time with her family and friends. You can contact her at katie@thechicago77.com or at andersonbraack.com

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One Response to “Working to Suspend HVCC”

  1. Tony Says:

    The real issue is amc’s, not the HVCC. The code ought to be amended to include a reapeal in the HUD mortgagee letter that allows for amc’s to collect their fees from a reduction in the fees paid to the appraiser. Banks should be paying for the services of an apprais management company, they are the ones that bebefit from their services.