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  #1  
Old 10-05-2009, 06:21 PM
Jan Roseberry Jan Roseberry is offline
 
Join Date: Sep 2002
Location: Dover, Ohio
State: Ohio
Professional Status: Certified Residential Appraiser
Posts: 1,488
Default I think this is like locking the barn after

the horse is stolen.

"On January 15, 2009, the Federal Housing Finance Agency (FHFA) announced that Freddie Mac would be required to capture new loan-level origination data for mortgages with application dates on or after January 1, 2010. Freddie Mac, with FHFA's approval, has changed the effective date for this requirement to apply to mortgages with application dates on or after July 1, 2010.
With this change to the effective date, Freddie Mac is now required to collect the following unique identifiers for mortgages with application dates on or after
July 1, 2010:

Loan originator identifier
Loan origination company identifier
Appraiser's state license number
Supervisory appraiser's state license number, if applicable
As a result of extending the effective date to July 1, 2010, you will have additional time to prepare for business process and system changes you may need to make to begin capturing and delivering this loan-level origination data for mortgages you sell to Freddie Mac."
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Old 10-05-2009, 08:20 PM
PropertyEconomics's Avatar
PropertyEconomics PropertyEconomics is offline
 
Join Date: Jun 2007
Location: Central New Mexico
State: New Mexico
Professional Status: Certified General Appraiser
Posts: 18,704
Default

Look at the two identified in the new requirements. Wanna guess whos E&O insurance is about to go through the roof????
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  #3  
Old 10-05-2009, 08:28 PM
Michael Tipton's Avatar
Michael Tipton Michael Tipton is offline
 
Join Date: Sep 2005
Location: SW Florida
State: Florida
Professional Status: Certified Residential Appraiser
Posts: 2,758
Default

Why aren't they tracking amcs?
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