Welcome!
Your summary neglected to mention the FHA appraisal reforms that limits the appraisals performed for FHA to be completed by "certified" and/or "designated" appraisers with "demonstrated verifiable education" in the requirements established by FHA. In other words no "trainees" or "licensed" appraisers without education in FHA appraisal requirements (HUD Handbook 4150.2) are allowed to appraise for FHA. This is a first for FHA. Actually "raising the bar" and requirments to value these very high loan to value ratio loans and stop the appraisal fraud and abuses that was a major cause to the "melt-down".
HVCC needs to be modified. The real culprits in this mess is the AMC's who farm appraisals to the "lowest bidder" instead of the most experienced and competent. With borrowers paying $350-$400 for the appraisal and appraisers being paid $125-265 for the appraisal the profit center is with the AMC's. As an experienced and designated appraiser for 46 years, I can't afford to work for $25.00 per hour (before taxes)- especially when I just paid $3.899 a gallon for gas. I would have to do two appraisals per month just to pay for my gas. Beam me up Scotty......