Can Mortgage Brokers Still Order Appraisal?
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May 19th, 2009 12:59 |
The way mortgage brokers are feeling these days they’ve lost the HVCC war and banks have won it and it’s probably just a matter of time before the entire brokerage sector evaporates into thin air. That’s the worst case scenario. The final chapter has yet to be written for brokers, who have bounced back before from what looked like certain destruction (remember 1994?). But the new ‘Home Valuation Code of Conduct’ rule that went into effect earlier this month is certainly a win-win for the nation’s mega-lenders — especially those with appraisal management firms . (more…)
