Stop HVCC Now

HVCC is destroying our Real Estate Industry. It hurts everyone in the business and most importantly the consumer. We have to get this thing removed. Help us by signing the petition at www.HVCCPetition.com

Category:

News & Politics

Tags:

• HVCC
• Petition
• Cuomo
• Andrew
• Appraiser
• Appraisal
• Real
• Estate
• Mortgage
• Consumer
• Industry
• Stop

[sandykayish]

The more things change the more they stay the same. Think globally, act locally. Support responsible business owners and do your business as close to home!

[PacificaRealEstate]

Wow, appraisers can get up to 50% of the fee charged the client? I did an appraisal for a large AMC that charged the borrower $625 of which I recieved $190. This is more typical of the fee split I have found. My pre-HVCC fee would have been $400.

This is the same AMC that has offshored "administrative" reviews to India. Apparently by labeling the review as "administrative" it is legally permissable.

They pay $4 for the review from India and $190 for the appraisal. Not bad for a $625 fee.

[dukenthaylor]

Did you know that those "EXPERTS" are STILL, EVEN NOW, telling would-be home buyers their home is their best investment? WTF? Further, they are also STILL telling them that they can spend UP TO 40% OF THEIR BUDGETS ON HOUSING COSTS! Donald Trump "TRUMPS" this piece of "Conventional Wisdom", when he admits in his book, HOW TO THINK LIKE A BILLIONAIRE, that he, himself, would NEVER spend more than 25%! SO...DON'T blame consumers for following what WAS (and STILL IS) "SOUND INVESTMENT ADVICE!" OK?

[dukenthaylor]

NOW WAIT JUST ONE GODDAMN MINUTE! In 1999 (when the Glass-Steagall REGULATORY Act was, in effect, REPEALED by the Gramm-Leach-Bliley ASSFUCK Act, which STARTED THIS WHOLE FUCKIN' MESS), the "EXPERTS" - realtors, banks ("FINANCIAL SERVICE COMPANIES"), government, consumer advocates, and media - ALL SQUAWKED (in the guise of "Conventional Wisdom") "NOW YOU CAN OWN YOUR OWN HOME, BY PUTTING DOWN 3%! AFTER ALL, IT'S THE BEST INVESTMENT YOU CAN MAKE!" Get it? 3% down was THE sound investment ADVICE!

[dukenthaylor]

Right, GetRealLLC! The LACK of regulations is what caused this fiasco! . When some bad eggs (SHADY appraisers, inspectors, lenders, brokers, investors, attorneys, AND POLITICIANS) . mess the floor (our deregulated, WildWildWest economy), . it is pure IGNORANCE (or, if you're a paid part of the problem, GREED) . to blame the maid (REGULATORY officials) . for using the mop (law enforcement officials) . and the soap (federal consumer protection regulations) . TO CLEAN UP THE MESS!!!

[rdytmire]

If you've only got 3% down on the home YOU SHOULD NOT BE BUYING THE HOME!!

Seriously, I hope HVCC DESTROYS the current home market. We need to go back to 3x gross income / 20% down.  Anything else is a SHAM. Goodbye corrupt industry!

How about shadow inventory? Shadow inventory is certainly adding a lot more than a $450.00 appraisal fee to prices. How about not marking to market? HVCC is a step in the right direction. Force shadow inventory onto market and the REAL is exposed!

[75moki]

Great job guys! We need to do something about this SOON!!!

[GetRealLLC]

"One man, has single-handedly crippled..." WRONG !! WRONG!! WRONG!!

THOUSANDS of unethical SCUM BAG appraisers who were in collusion with lenders caused this; and yes, they have had an ENORMOUS and far reaching adverse impact on not only the economy, the real estate industry but the end user consumer who ultimately pays the price in this debacle.

[in2dust]

PUT BACK THE INDYMAC VIDEO

[in2dust]

WHY'D YOU TAKE OFF THE INDYMAC VIDEO??