Last week we shared with you Maxine Waters and Sherrod Brown sent an inquiry to the Appraisal Subcommittee inquiring on the parameters used to determine the North Dakota Appraiser Waiver approval. We encouraged each of you to take advantage of the attention on our profession and contact your representatives.. VaCAP has sent letters to both the US House of Representatives Committee on Financial Services and the Senate Committee on Banking Housing and Urban Affairs expressing our concerns. The letters are identical and express concern for the safety and soundness of the housing market, the economy, consumer protection, minority discrimination, and lack of standardization in automated valuation models.
If you have not contacted your representatives yet, please take the key points from VaCAP’s letter and write your own. Our regulators are listening!
Thank You for Being Part of VaCAP!