Housing Appraisals: Still Blowing Bubbles?

Third party appraisal managers are supposed to eliminate pressure from lenders to inflate housing values. But unscrupulous subprime players are crowding into the market. Read More...

U.S. House Passes H.R. 1728, the Mortgage Reform and Anti-Predatory Lending Act of 2009

Earlier today, the U.S. House of Representatives passed by a vote of 300 to 114, H.R. 1728, the Mortgage Reform and Anti-Predatory Lending Act of 2009. Read More...

Jim Amorin, MAI, SRA to Testify Tomorrow Before the House Committee

Jim Amorin, MAI, SRA, President of the Appraisal Institute, will testify tomorrow afternoon before the House Committee on Financial Services' Subcommittee on Financial Institutions and Consumer Credit at the Subcommittee's hearing on mortgage lending reform. Read More...

AI Connecticut Chapter Testifies Before Legislature on AMC Bill

On February 5, the Connecticut Chapter of the Appraisal Institute testified before the state legislature’s Joint Committee on General Law regarding a bill that would prohibit the payment of a fee for an appraisal to anyone other than a licensed or certified appraiser. While not explicitly stated in the legislation, the impact of the bill would be to prohibit an appraisal management company from taking any portion of a fee that is paid by a lender or a borrower for a real estate appraisal. Read More...

Housing Appraisals: Still Blowing Bubbles?

Third party appraisal managers are suppose to eliminate pressure from lenders to inflate housing values. But unscrupulous subprime players are crowding into the market. To continue reading please click here. Read More...

Home Valuation Code of Conduct

On Tuesday, December 23rd, the Federal Housing Finance Agency, Fannie Mae, Freddie Mac, and the Office of the New York Attorney General released a revised version of the Home Valuation Code of Conduct... Read More...

AMC's Need to be Regulated!!!

In the past 4-5+ years a new industry has been developed to manage appraisal ordering for lenders throughout the country.   These companies are known as Appraisal Managment Companies... Read More...