| Greetings! |
 Although I'm the first one to fight change, the time has come for a refreshing, NEW LOOK for our newsletter. As the number of those interested in receiving relevant industry information continues to increase, my staff and I decided it was time to dive into the "social media" pool. So in the next few weeks, look for several refreshing changes in the way we strive to continue serving you. |
| HVCC allows contact from Realtors |
Contrary to popular belief, the newly imposed Home Valuation Code of Conduct does NOT restrict contact between real estate agents and appraisers. Therefore, if you have a home listed, you should make it mandatory that the appointed appraiser contact YOU in order to gain access to the house. Additionally, as YOU will be the only vested party that can legally have contact with the appraiser, be sure and gather all pertinent contact information for the appraiser. And finally, meet the appraiser at the property in order to reconcile and/or communicate any differences between your listing informaton and what courthouse records may show. report. .
If you are a buyer's agent, be sure that the listing agent is aware of what the HVCC allows and encourage them to proceed as stated above. If they won't - YOU DO IT!!
HVCC is not the answer - but it is what we are stuck with. Do what you can to make the situation easier on your buyers, your lenders and yourselves.
To View the complete list of Fannie Mae's HVCC FAQs,
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Last week's Fed meeting has adjourned with no change to key short-term interest rates. This was widely expected by market participants. The post-meeting statement really didn't give us any new insight to the Fed's next move. It did renew the same thoughts previously mentioned- that the economy is leveling off but to expect weak economic conditions for the immediate future. They also indicated that inflation is not an immediate concern to the economy.