My New Blog

Hi Everyone,

Things are looking good for the financial reform bill (FRANK-DODD Bill).  This is going to have a lot of effect on Appraisers, AMC's and Lenders.   This is really big news, but I do not want to jump the gun.  Once this bill passes I will detail and attach articles showing the changes that will effect all parties involved in the appraisal and ordering process.    I am specifically interested in the sections that require all AMC's to be regulated and licensed.  Also, AMC's will have to pay reasonable and customary fees determined by third party organizations.  They can not use current AMC fees in the analysis because they are not accurate.   This should help stop the AMC's from extorting the appraisers and force them to charge the lenders a seperate fee.  This will require them to justify there value instead of just taking part of the appraisers fee!!!!!!

More to come.  stay tuned.