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Harrison Guide to the 1004MC

Discussion in 'Fannie Mae, Freddie Mac, USPAP' started by Doug Smith SRA, Feb 12, 2009.

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  1. Doug Smith SRA

    Doug Smith SRA Member

    0
    Jan 16, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Montana
    Henry is soon to be out with another guide; this time on the 1004MC.

    Info on 1004MC Guide

    Wow! Over 100 pages and a CD. This is serious stuff. I thought all I had to do was fill out one column, mark the others N/A, declare victory and go home.


    Best quote from Patrick Egger:

    Do I have time to read over 100 pages? Maybe I will wait for the movie. Surely there will be a Webinair out.

    Maybe this form will be thrown on the ash heap of history or be strangled in the crib.

    Anyway, thought you would like to know.


    Doug
     
  2. Pat Butler

    Pat Butler Senior Member

    10
    Jan 17, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    Illinois
    I used HH's books when I was new to the business about 20 years ago. They gave some good ideas on how to understand some of the form's fields. However, he tends to not make it clear that most of what he writes is his opinion, and NOT from Fannie. How in the world can he come up with 100 pages when Fannie's info appears to only be the press release letter that accompanied the new form?
     
  3. Michael Tipton

    Michael Tipton Senior Member

    0
    Sep 25, 2005
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
    Check with your nearest AI Chapter. They will be offering a CE course locally for guests at $95, 3 Hrs. of CE credit.
     
  4. Jan Roseberry

    Jan Roseberry Senior Member

    3
    Sep 25, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    Ohio
    I opted for the AI course ($65--offered in NE Ohio on 2/21/09) rather than waiting on Harrison's book.
     
  5. GCJim

    GCJim Senior Member

    5
    Dec 11, 2007
    Professional Status:
    Certified General Appraiser
    State:
    New Jersey
    A $95. course for instructions to 'interpret' and fill out form 1004MC, a market data / market condition form?
    With Fannie, Freddie, and the bankers making all the rules, this biz is (and has been) headed in COMPLETELY the wrong direction. This is just INSANE!!!
     
  6. Pat Butler

    Pat Butler Senior Member

    10
    Jan 17, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    Illinois
    Did Fannie ever provide comprehensive instructions for this form? I'm not aware that they did. So any course on filling out this form has to consist of 'made up' information if it goes beyond the brief instructions on the form itself.
     
  7. David Dietz

    David Dietz Member

    0
    Oct 30, 2006
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
    Dennis Black's course is $45 if your in Florida, this and next week
     
  8. Elliott

    Elliott Elite Member

    62
    Apr 23, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Oregon
    Foo foo

    So anyone attending a seminar, ask them how past peformance
    influences future prediction and how all of that relates to a current
    market value analysis. Its 'mark-to-market' man.
     
  9. Jason Barber

    Jason Barber Junior Member

    0
    Feb 16, 2006
    Professional Status:
    Certified Residential Appraiser
    State:
    Michigan
    So has anyone purchased this book yet?
     
  10. Mr Rex

    Mr Rex Elite Member

    204
    Jan 12, 2004
    Professional Status:
    Certified Residential Appraiser
    State:
    North Carolina
    The 1004MC is designed to provide additional data needed to improve Fannie's and Freddie's AVM so they will not be forced to use appraisals for most loans. The wheels on the bus go round and round, round and round.....:new_smile-l:

    [​IMG]
     
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