Roger Showley of the San Diego Union-Tribune publishedan article in the last week about how the Home ValueCode of Conduct (HVCC) is affecting the real estatemarket. Excerpts of his article are in quotes, mycomments are without quote marks. “New rules governing appraisals, a key step in mortgagelending, are leading to mistakes, delays, lower homevaluations, higher [...]

Kenneth Harney, who writes a syndicated columnfor the Washington Post Writers Group penned a column recently from which I am borrowing liberally. During the “go-go” days of making loans withoutmuch concern about the quality and qualifications,the appraisal process at times was compromised tosome degree by various market pressures. There is a new proposed regulation, called [...]