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Are the HVCC Appraisal Issues Getting Sorted Out?
Dylan Kramer August 5, 2009
There have been plenty of problems with the implementation and execution of the Home Valuation Code of Conduct (HVCC) and most of them have been…
Posted in Uncategorized
The law of unintended consequences and the HVCC
Dylan Kramer July 20, 2009
For the last several months we have been grumbling in this space about the Home Valuation Code of Conduct (HVCC) and the horrible impact it is having on the market. It’s a poor deal for the consumers it purports to protect and it should be revoked. However, that has not stopped the impact it has had on the day to day activity here at America’s Mortgage Choice.
We used to spend time on appraisals. Lots of time. We never realized how much until the last few months. Here is what the appraisal process looked like before the passing of the HVCC:
