Rob Chrisman Reports Appraiser Connections Closes it Doors.
“It is with great sadness that I must inform everyone that effective immediately Appraiser Connections is shutting down. All orders in the system will be complete, just no new orders. Retail loan officers will be given new user IDs for the new AMC that will be taking over and for Wholesale LOs, just make sure you select a different AMC. Thank you all very much for your years of support and business. Kathleen and I will miss you all very much.”
This is all the information we have at this time. VaCAP will keep you posted, but encourages everyone to watch their receivables.
Maxine Waters and The Appraisal Foundation Condemn the actions of the FDIC
The FDIC voted to increase the minimum threshold to $400,000 for residential appraisals, despite the overwhelming opposition. See The Appraisal Foundations response below.
The FDIC also voted to reduce the protections under the Volcker Rule. See Maxine Waters Public statement condemning their “senseless” actions here.