Sacramento Association of REALTORS® Web Log » HVCC

2010 Federal Legislative Accomplishments

Caylyn Brown — Wed, 15 Dec 2010 20:03:39 +0000

Throughout 2010, NAR made significant progress educating Congress and the Obama Administration that a stable and sustainable housing market is the primary building block for any economic recovery. NAR had a series of successes in the regulatory and legislative fields, some of which are highlighted below.

As we look ahead to 2011, NAR will [...]

Real Estate Finance Forum – The Year in Review

Scott Short — Thu, 09 Dec 2010 19:23:50 +0000

All I can say is WOW! This year has not been boring. Game changing events happened almost every month.

We started out the year with total confusion in the mortgage industry due to the new Good Faith Estimate (aka: GFE 2010). It took most mortgage professionals at least a month or two to understand [...]

REALTORS® May File Confidential Appraiser Complaints

Steve Goddard — Tue, 22 Dec 2009 21:15:48 +0000

REALTORS® and their clients who encounter unlawful or unprofessional conduct by an appraiser may file a confidential complaint with California’s Office of Real Estate Appraisers (OREA). Since implementation of the Home Valuation Code of Conduct (HVCC) in May 2009, REALTORS® have reported many challenges and difficulties with appraisals, such as low appraisals, inexperienced appraisers, out-of-area [...]

2009 NAR Public Policy Accomplishments

Caylyn Brown — Tue, 08 Dec 2009 17:35:52 +0000

For 2009, NAR’s primary public policy goal was to focus on efforts that stimulate, stabilize and strengthen real estate markets across the nation while also protecting the business interests of members. As we near the end of 2009, NAR has made significant progress on both the legislative and regulatory fronts. The successes highlighted below [...]

HVCC Update!

Caylyn Brown — Tue, 27 Oct 2009 20:30:43 +0000

On October 22, 2009, HR 3126, the “Consumer Financial Protection Act of 2009,” passed the House Financial Services Committee with an amendment that will ultimately sunset the Home Valuation Code of Conduct (HVCC). The amendment was offered by Representative Gary Miller (D-CA). During the debate Mr. Miller and Capital Markets Subcommittee Chair, Paul Kanjorski [...]

HVCC causing concern and foreclosures impacting renters

Greg Wilson — Mon, 10 Aug 2009 16:25:32 +0000

The mortgage and home valuation arena is in flux still as folks continue to discover the negative impacts of the recently enacted Home Valuation Code of Conduct amid tighter lending guidelines. Some of the unintended consequences of the HVCC are longer turn times for appraisals and suspect valuations from appraisers not familiar with local [...]

HVCC Webinar

Caylyn Brown — Tue, 28 Jul 2009 19:44:33 +0000

California Association of REALTORS® Federal Governmental Affairs Manager Matt Roberts hosted an excellent webinar on the Home Valuation Code of Conduct (HVCC). NAR, C.A.R., and SAR are listening to members, and know that HVCC caused problems in the industry.

HVCC was implemented in March 2008, after the New York Attorney General studied inflated home [...]

Fannie Mae makes an appearance at the Real Estate Finance Forum

Greg Wilson — Thu, 07 May 2009 23:08:00 +0000

It has been nearly four years since a representative from Fannie Mae has visited SAR’s Real Estate Finance Forum. Collette Porter a Senior Account Manager for the Northern California region visited from Pasadena to highlight some of the ways Fannie Mae is supporting the current market. Responding to the level of REO properties on [...]