REAL ESTATE APPRAISAL REFORM ACT OF 1987 United States HEARINGS BEFORE A SUBCOMMITTEE OF THE GOVERNMENT OPERATIONS HOUSE OF REPRESENTATIVES ONE HUNDREDTH CONGRESS SECOND SESSION ON H.R. 3675 TO REORGANIZE AND CONSOLIDATE IN A NEW FEDERAL AGENCY CER- FEBRUARY 17, 18, 25, MARCH 2, 10, AND 15, 1988 Printed for the use of the Committee on Government Operations 88-415 U.S. GOVERNMENT PRINTING OFFICE WASHINGTON: 1988 For sale by the Superintendent of Documents, Congressional Sales Office KF21 G634 1988c COMMITTEE ON GOVERNMENT OPERATIONS JACK BROOKS, Texas, Chairman JOHN CONYERS, JR., Michigan STEPHEN L. NEAL, North Carolina ROBERT E. WISE, JR., West Virginia GERALD D. KLECZKA, Wisconsin MATTHEW G. MARTINEZ, California LOUISE M. SLAUGHTER, New York BILL GRANT, Florida NANCY PELOSI, California FRANK HORTON, New York HOWARD C. NIELSON, Utah JOSEPH J. DIOGUARDI, New York JIM LIGHTFOOT, Iowa BEAU BOULTER, Texas DONALD E. “BUZ” LUKENS, Ohio JAMES M. INHOFE, Oklahoma March 10 CONTENTS Page Abbott, James A., president and CEO, First Union Mortgage Corp., on behalf of Mortgage Bankers Association of America, accompanied by Brian D. Cooney, associate legislative counsel, and Burton C. Wood, Barbatelli, Ettore, Sr., chairman, Valuation Research Corp., Milwaukee, Barnard, Hon. Doug, Jr., a Representative in Congress from the State of Georgia, and chairman, Commerce, Consumer, and Monetary Affairs Subcommittee: Opening statement.. Beeksma, B.R., vice chairman, U.S. League of Savings Institutions. Birney, Donald M., chairman of the board of directors, Employee Reloca- tion Council, accompanied by Patricia G. Yen, president, and H. Cris 389 617 775 Buckley, William S., chairman, SREA Market Data Center, Inc. Crawford, William J., commissioner, California Savings and Loan Indus- Graaskamp, James, chairman, real estate and urban land economics, 321 Graham, Marshall, chairman, State of Louisiana Certified Real Estate Appraisers Board, accompanied by Anna-Kathryn Williams, executive director, Louisiana Real Estate Commission...... Hewitt, Richard, III, president, Hewitt, Olson, Smoker & Associates, Inc... Hudson, Henry E., U.S. attorney, eastern district of Virginia, accompa- Kendall, Leon T., Mortgage Guaranty Insurance Corp., Milwaukee, WI, 59 267 180 94 Kerslake, Robert, president, Marshall & Stevens, Inc., accompanied by 290 Koppes, Richard H., chief counsel, California Public Employees' Retire- 211 Magid, Lt. Daryl, U.S. Army Office of SJA... 113 Maio, Thomas A., vice president, contract administration, American Ap- 626 |