Petition to Rescind HVCC Strikes Hot Button With Real Estate Industry and Consumers

FAIRFIELD, CA, Jun 22 (MARKET WIRE) --
An online petition calling for the reconsideration of the Home Valuation
Code of Conduct (HVCC) has struck a chord with both real estate industry
professionals as well as consumers, particularly prospective homebuyers
whose lives have been devastated by the unintended consequences of HVCC.

The petition was launched June 1 at www.hvccpetition.com by Think Big Work
Small, a provider of online video training, education and content to the
mortgage industry. The petition, with over 35,000 signatures and comments
detailing the ruinous personal impact HVCC has had on consumers and
industry professionals will be delivered to New York Attorney General,
Andrew Cuomo, Federal Housing Finance Agency Director, James B. Lockhart
and the House Financial Services Subcommittee.

The National Association of Mortgage Brokers has conservatively estimated
that HVCC costs consumers $711 more in fees for the appraisal itself and
for extended loan locks. This consumer cost alone to exceed $2.8 billion a
year in extra costs and fees. Appraisal Management Companies (AMCs) retain
up to 40 percent of the appraisal fee, but have no accountability for the
timeliness or accuracy of the appraisal. Evidence since the May 1
implementation of HVCC indicates that AMCs assign appraisals to the
lowest-cost appraisers who oftentimes have little to no understanding of
the local market, resulting in vast numbers of appraisals coming in way
under their true valuation. This ultimately results in loans which cannot
be funded and the entire transaction is lost.

"We posted the HVCC petition as a public service to those in our industry
who were being impacted, as an outlet to have their voices heard,"
explained Tim Kearns, chief executive officer of Think Big Work Small. "We
knew this was causing extreme hardship to the industry, but we didn't
expect to get thousands of horror stories from would-be homebuyers whose
dreams have been dashed by this well-intended, but misguided policy. Every
day thousands of people are getting the rug yanked out from under them in
their quest to become homeowners because of HVCC. You only need to go to
our petition website to read the stories for yourself," said Kearns.

The Company's goal is to obtain 100,000 signatures by July 30, 2009, at
which time Company officials will hand-deliver the petition.

"We plan to take their stories to New York and Washington in hopes that
the HVCC policymakers will reconsider the policy in its current state and
correct its most obvious flaws," Kearns continued. "We hope this prompts
some action, based both upon the high number of signers, but more so by
the personal stories of the disastrous impact HVCC has had on consumer's
lives."

About Think Big Work Small

Thinkbigworksmall.com (www.Thinkbigworksmall.com) provides a variety of
video and Internet based tools and rate alert services to real estate and
mortgage industry professionals. It also hosts a daily program
(www.TBWSDaily.com) with timely and relevant news for the industry. It was
an emotional audience reaction to one of these programs, which talked
about HVCC, which was the catalyst for ThinkBigWorkSmall.com to formalize
its efforts to put a halt to the damage being caused to consumers and the
housing market by HVCC.

Media Contact:
Ruth Seigel
RS Marketing Associates
Email Contact
602-320-4182

Copyright 2009, Market Wire, All rights reserved.

-0-