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Death of the AMCs
August 24th, 2011 5:33 PM

I found this great article about the death of the AMC's. It was sent to me via an article in the American Banker.

Appraisal Management Companies Create More Problems Than They Solve

AUG 22, 2011 5:03pm EDT

When the final chapter on this housing crisis is written, I hope that I am still around to see those who were responsible for its cause and the feeble attempts to fix it held responsible.

One of the worst fixes is the Home Valuation Code of Conduct. Enacted in 2009, HVCC was spearheaded by then New York Attorney General Andrew Cuomo. His objective was to rein in appraisal abuses by the lenders sending loans to Fannie Mae or Freddie Mac.

Posted in:General
Posted by Stephen Rochkind, SRA on August 24th, 2011 5:33 PMPost a Comment

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