June 14th, 2009 11:30 AM by Andrew Walter May CEO
Andrew Coumo purportedly created the Appraisal Management Company. Thanks Andrew! We appreciate you adding another layer to the mortgage business, and significantly raising consumer closing costs! This isn't New York ya know!
We have been tracking how the added cost with which the Appraisal Management Company system impairs North Carolinians. So far, it is costing approximately $500 more (rate lock extentions and blown deals) per person. And 80% of North Carolinians are infected by this New Yorker's infective problem.
What can you do about it if you are purchasing or refinancing your home? Well, nothing. You've got to go through the nightmare that Andrew Coumo purportedly brought you. However, you can write your Congressman, Senator, and or Washingtonian insider and complain about the treatment of the American public by these new changes. By the way, we are 100% TARP-FREE! We take no government assistance. We don't pay ourselves $1 million a day (like so many bankers).