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phone: (714) 366-9404
mobile: (714) 366-9404
Mike Ford,CA AG002512; AGA, GAA, RAA, Realtor
VP/Head National Appraiser Peer Review Committee,  American Guild of Appraisers
9744 Wilshire Blvd.,  Suite 203
Beverly Hills,  California  90212
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"Ocwen was horrible when it was merely the largest AMC in the country. Folks in India may be very intelligent and bless them, they were always polite and tried to be conscientious but they had no foundational knowledge of American real estate issues or appraisal. I wonder if they are still the (or 'an') official collection agency for federal debts by the Treasury Department? Why no mention of THAT in the article? They have a long standing relationship with United States Financial Regulatory..."    View Comment
"Stearns is essentially admitting that they have no intention of complying with Dodd Frank requirements to pay reasonable and customary appraisal fees by doing that. They are opening themselves up to huge lawsuits. Respectfully, this is NOT the mortgage industry's fault, but rather the AMCs, FNMA and other GSEs that control so much of the policy that we operate under. The ONLY sensible appraisal fee model is a 'cost plus basis' where the AMC fee may be fixed, but the appraisal fee itself..."    View Comment
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