HVCC info

As you know if you've been reading this blog, I'm not a fan of the HVCC (Home Value Code of Conduct). It's killing values, deals and realationships that good brokers and good appraisers have built over many years.

Yes, I understand why the HVCC was created but it has done more damage than good. Please, find the time to go to this website and learn more. Anything you can do to help; by signing the petition and writing to your state and local officials.

http://hvccpetition.com/

How does this affect you? The best example is that if you want to go to Wells Fargo and order / pay for an appraisal, and then for ANY reason; whether it's because of rate, program or service, you decide to go to another lender, you'll have to order / pay for another new appraisal!!! This costs you time, money and you don't know what each appraiser is going to come in at. Many times the appraisers do not know the area and we as brokers are to have no contact before or during the appraisal process to help get the value you need.

Good news! Or at least some...

FHFA notice

The good news is that HARP has been extended by a year. You can click on the link to see the press release. This is great but now the next step is to keep the interest rates down and have the Fed continue to buy up MBS.

I'm glad to see that someone or some people recognize good programs when they're working.