Andrea Drab

Just when you think that there can't be anymore changes that government can introduce to us lenders, they hit us with MORE and MORE! The lending portion of the home buying process is very tight and law oriented. I have been having more and more people coming to me to refinance their homes, but am able to do anything about it. The HVCC rule has thrown everyone for a loop. How does the government expect everything to get better, when they took control of 90% of the appraisal business? I've been getting very frustrated in the fact that a home, that is FULLY capable of refinancing and getting the value it is worth...can be absolutely impossible. OR, if I do get the value through a 3rd party appraiser, the lender will schedule a field review, which they shouldn't have to since we are supposed to TRUST whatever value that THEIR appraiser comes up with that they hired. That is another $150-$200+ charge that we either take out of our YSP or have to charge to the customer. Between all the hits that the lenders are charging, it is starting to become next to impossible to do a refinance or purchase with closing costs under $2,000. For all of you brokers, L.O's, agents and home bueyrs who are tired or the government making these obsurred rules and regulations, please sign the HVCC petition. It can only do good. I believe that it would be a good enough change if we could still hire our own appraisers and if the lenders would still liek a field review on the appraisal, so then be it.

To take action please sign the petition! http://www.hvccpetition.com/