http://www.washingtonwatch.com/bills info@washingtonwatch.com http://www.pjdoland.com/chai/?v=0.1 http://www.washingtonwatch.com/bills/show/110_HR_3837.html#39805 LocateAppraisers.com real estate appraiser and Home appraisal experts assist real estate industry professionals and consumers to get in touch with Property appraisers nationwide.... 39805@http://www.washingtonwatch.com Tue, 05 Aug 2008 00:00:00 EDT http://www.washingtonwatch.com/bills/show/110_HR_3837.html#35044 To require an interior inspection for a residential appraisal is just basic common sense. Otherwise why not do an appraisal based on a photo of the front of the house. If nothing else address the problem theres enough finger pointing to last a lifetime.... 35044@http://www.washingtonwatch.com Fri, 16 May 2008 00:00:00 EDT http://www.washingtonwatch.com/bills/show/110_HR_3837.html#32140 Great... 32140@http://www.washingtonwatch.com Wed, 09 Apr 2008 00:00:00 EDT http://www.washingtonwatch.com/bills/show/110_HR_3837.html#24348 Lets require interior inspections for appraisals. Lack of interior inspections is a big step for the fraud business.... 24348@http://www.washingtonwatch.com Fri, 07 Dec 2007 00:00:00 EST http://www.washingtonwatch.com/bills/show/110_HR_3837.html#23640 If we are expecting the government to bail out these bad loans, shouldn't we be certain that they are worth what the government is loaning by having trained professionals (Appraisers) value the property instead of just anyone in the industry? Vote yes on this bill... 23640@http://www.washingtonwatch.com Sat, 24 Nov 2007 00:00:00 EST http://www.washingtonwatch.com/bills/show/110_HR_3837.html#23641 Why wouldn't you want this to pass with the mess that we are in now?... 23641@http://www.washingtonwatch.com Sat, 24 Nov 2007 00:00:00 EST http://www.washingtonwatch.com/bills/history/110_HR_3837.html?rev=13588 <p>H.R. 3837 would require escrows for certain mortgage loans, to improve mortgage servicing, to promote sustainable homeownership opportunities, to enhance appraisal quality and standards, to better appraisal oversight, to mitigate appraiser pressure.</p> <h2 id="toc0"> Detailed Summary </h2> <p>Escrow, Appraisal, and Mortgage Servicing Improvements Act - Amends the Truth in Lending Act to require a creditor, in a consumer credit transaction secured by the consumer's principal dwelling, to establish an escrow or impound account to pay taxes and hazard insurance, and, if applicable, flood insurance, mortgage insurance, ground rents, and any other required periodic payments or premiums.</p> <p>Requires written disclosures by the creditor to the consumer regarding: (1) such escrow or impound account; and (2) consumers who opt out of escrow services.</p> <p>Amends the Real Estate Settlement Procedures Act of 1974 to proscribe specified practices by the servicer of a federally related mortgage, including obtaining force-placed hazard insurance coverage to protect the mortgagee's interest in the property.</p> <p>Prohibits practices related to default, late fees, or foreclosure.</p> <p>Requires prompt: (1) crediting of payments; (2) responses to payoff balances; and (3) refund of escrow accounts upon payoff.</p> <p>Directs the Secretary of Housing and Urban Development to study and report to specified congressional committees on mortgage servicing fraud.</p> <p>Amends the Truth in Lending Act to: (1) require repayment analyses to include escrow payments; (2) include a written property appraisal as a prerequisite to granting a mortgage; (3) prohibit unfair and deceptive practices and acts relating to consumer credit transactions secured by the principal dwelling, especially in property appraisals; and (4) require a mortgage originator to make available to the credit applicant all appraisal valuation reports no later than three days prior to the transaction closing date.</p> <p>Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to: (1) include among the functions of the Appraisal Subcommittee protection of the consumer from improper appraisal practices and the predations of unlicensed appraisers; and (2) expand state agency reporting requirements to include transmittal to the Appraisal Subcommittee of reports on claims, disciplinary actions, license and certification revocations, and suspensions.</p> <p>Prohibits certain interested parties in a real estate transaction involving an appraisal from engaging in specified practices to improperly influence a real estate appraisal in connection with a mortgage loan.</p> <p>Requires the Comptroller General to study and report to specified congressional committees on possible improvements in the appraisal process and in state compliance programs.</p> <!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --> <h2 id="toc1"> Status of the Legislation </h2> <p>Latest Major Action: 11/7/2007: House committee/subcommittee actions. Status: Ordered to be Reported (Amended) by Voice Vote.</p> <!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --> <h2 id="toc2"> Points in Favor </h2> <p>(Log in to edit the wiki and be the first to show why the bill should pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> <h2 id="toc3"> Points Against </h2> <p>(Log in to edit the wiki and be the first to show why the bill should not pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> 13588@http://www.washingtonwatch.com Fri, 09 Nov 2007 00:00:00 EST http://www.washingtonwatch.com/bills/show/110_HR_3837.html 11/7/2007: House committee/subcommittee actions. Status: Ordered to be Reported (Amended) by Voice Vote. 30719@http://www.washingtonwatch.com Wed, 07 Nov 2007 00:00:00 EST http://www.washingtonwatch.com/bills/history/110_HR_3837.html?rev=12905 <p>H.R. 3837 would require escrows for certain mortgage loans, to improve mortgage servicing, to promote sustainable homeownership opportunities, to enhance appraisal quality and standards, to better appraisal oversight, to mitigate appraiser pressure.</p> <h2 id="toc4"> Detailed Summary </h2> <p>Escrow, Appraisal, and Mortgage Servicing Improvements Act - Amends the Truth in Lending Act to require a creditor, in a consumer credit transaction secured by the consumer's principal dwelling, to establish an escrow or impound account to pay taxes and hazard insurance, and, if applicable, flood insurance, mortgage insurance, ground rents, and any other required periodic payments or premiums.</p> <p>Requires written disclosures by the creditor to the consumer regarding: (1) such escrow or impound account; and (2) consumers who opt out of escrow services.</p> <p>Amends the Real Estate Settlement Procedures Act of 1974 to proscribe specified practices by the servicer of a federally related mortgage, including obtaining force-placed hazard insurance coverage to protect the mortgagee's interest in the property.</p> <p>Prohibits practices related to default, late fees, or foreclosure.</p> <p>Requires prompt: (1) crediting of payments; (2) responses to payoff balances; and (3) refund of escrow accounts upon payoff.</p> <p>Directs the Secretary of Housing and Urban Development to study and report to specified congressional committees on mortgage servicing fraud.</p> <p>Amends the Truth in Lending Act to: (1) require repayment analyses to include escrow payments; (2) include a written property appraisal as a prerequisite to granting a mortgage; (3) prohibit unfair and deceptive practices and acts relating to consumer credit transactions secured by the principal dwelling, especially in property appraisals; and (4) require a mortgage originator to make available to the credit applicant all appraisal valuation reports no later than three days prior to the transaction closing date.</p> <p>Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to: (1) include among the functions of the Appraisal Subcommittee protection of the consumer from improper appraisal practices and the predations of unlicensed appraisers; and (2) expand state agency reporting requirements to include transmittal to the Appraisal Subcommittee of reports on claims, disciplinary actions, license and certification revocations, and suspensions.</p> <p>Prohibits certain interested parties in a real estate transaction involving an appraisal from engaging in specified practices to improperly influence a real estate appraisal in connection with a mortgage loan.</p> <p>Requires the Comptroller General to study and report to specified congressional committees on possible improvements in the appraisal process and in state compliance programs.</p> <!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --> <h2 id="toc5"> Status of the Legislation </h2> <p>Latest Major Action: 10/16/2007: Referred to House committee. Status: Referred to the House Committee on Financial Services.</p> <!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --> <h2 id="toc6"> Points in Favor </h2> <p>(Log in to edit the wiki and be the first to show why the bill should pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> <h2 id="toc7"> Points Against </h2> <p>(Log in to edit the wiki and be the first to show why the bill should not pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> 12905@http://www.washingtonwatch.com Wed, 31 Oct 2007 00:00:00 EDT http://www.washingtonwatch.com/bills/history/110_HR_3837.html?rev=11463 <p>H.R. 3837 would require escrows for certain mortgage loans, to improve mortgage servicing, to promote sustainable homeownership opportunities, to enhance appraisal quality and standards, to better appraisal oversight, to mitigate appraiser pressure.</p> <h2 id="toc8"> Detailed Summary </h2> <p>(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)</p> <!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --> <h2 id="toc9"> Status of the Legislation </h2> <p>(Log in to edit the wiki and be the first to update the status of the bill!)</p> <!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --> <h2 id="toc10"> Points in Favor </h2> <p>(Log in to edit the wiki and be the first to show why the bill should pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> <h2 id="toc11"> Points Against </h2> <p>(Log in to edit the wiki and be the first to show why the bill should not pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> 11463@http://www.washingtonwatch.com Wed, 17 Oct 2007 00:00:00 EDT http://www.washingtonwatch.com/bills/history/110_HR_3837.html?rev=11464 <p>H.R. 3837 would require escrows for certain mortgage loans, to improve mortgage servicing, to promote sustainable homeownership opportunities, to enhance appraisal quality and standards, to better appraisal oversight, to mitigate appraiser pressure.</p> <h2 id="toc12"> Detailed Summary </h2> <p>(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)</p> <!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --> <h2 id="toc13"> Status of the Legislation </h2> <p>Latest Major Action: 10/16/2007: Referred to House committee. Status: Referred to the House Committee on Financial Services.</p> <!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --> <h2 id="toc14"> Points in Favor </h2> <p>(Log in to edit the wiki and be the first to show why the bill should pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> <h2 id="toc15"> Points Against </h2> <p>(Log in to edit the wiki and be the first to show why the bill should not pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> 11464@http://www.washingtonwatch.com Wed, 17 Oct 2007 00:00:00 EDT http://www.washingtonwatch.com/bills/show/110_HR_3837.html 10/16/2007: Referred to House committee. Status: Referred to the House Committee on Financial Services. 26437@http://www.washingtonwatch.com Tue, 16 Oct 2007 00:00:00 EDT http://www.washingtonwatch.com/bills/show/110_HR_3837.html 10/16/2007: Referred to House committee. Status: Referred to the House Committee on Financial Services. 27965@http://www.washingtonwatch.com Tue, 16 Oct 2007 00:00:00 EDT