At the end of last week legislation was introduced that would put an 18-month moratorium on HVCC. H.R. 3044 would bring some welcome relief from HVCC.
I hope this takes us back to a time when local appraisers got to appraise local properties. I was very disappointed that the cost of an appraisal for my clients in creased while at the same time the revenue for my local appraisers decreased under HVCC.
The information we have about how this legislation will proceed and how quickly is limited at this point. You can read one news story about it here. I truly do hope the moratorium happens so that appraisers who do quality work can be rewarded with more business rather than getting orders simply because they are part of the pool.
As a mortgage broker in Salem, OR I'm licensed to originate loans anywhere in Oregon. I specialize in helping people understand the mortgage process along with understanding and improving credit.
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