Discussion in 'Fannie Mae, Freddie Mac, USPAP' started by Kevin Mc, Aug 31, 2009.
Where is the IVPI?
You're just now noticing it's missing? LOL
I was away for a few days. I thought maybe they unveiled it after begging the government for a 10 billion boost a couple of weeks ago.
Some AMC on their engagement letters put to contact the IVPI if any problems or issues, but the contact number only leads to the Chief Appraiser of the AMC. I called them out on that and they they said that it will get implements, but are waiting for FNMA to do it.
The IVPI will be implemented when big lenders can figure out how they can benefit from it whether it be a positive revenue stream or positive press.
This just in.
In response to my inquiry Freddie Mac has replied.....
And not before F & F get the extra $24 million included in the next round of "we need more money - we've almost fixed it".
FNMA just got another 10 billion. 24 million is chump change.
They just gave Chase another 5 Billion. Besides I have a feeling most of 24hr servants are not gonna be turning anyone in for fear of being blacklisted....