Fannie and Freddie - UMDP / UAD Forms Redesign Initiative - They ARE interested in appraiser input. Surprise!

[RCA]

On FNMA's Contact Form:

"Thank you for contacting Fannie Mae. Although we are unable to respond to all submissions, we value all feedback and do our best to respond to questions with a valid email address."

 

[sputnam]

The world is insane. The GP forms are great and in some cases, depending on your software, they are modular and thus, adapatable to most property types. Instead of a redesign, just adopt GP forms. But... no... we must have our very own, branded and copyrighted version of a residential appraisal form.

 

[chad hampton]

Modernization would be make the form 1 page.

 

[Lindseyw]

On FNMA's Contact Form:

"Thank you for contacting Fannie Mae. Although we are unable to respond to all submissions, we value all feedback and do our best to respond to questions with a valid email address."

If it’s a good enough explanation of your opinion, you’ll get in the door for further discussion

 

[George Hatch]

Modernization would be make the form 1 page.

In no case will modernization mean less information. What it might be able to do is help expedite your handling of that information.

 

[sputnam]

In no case will modernization mean less information. What it might be able to do is help expedite your handling of that information.

I agree.

 

[djd09]

yeah sure the quasi gov is going to help the appraiser

 

[Tom D]

for some of you kids on the block. soon after the 1004 was in constant use, they added the 2055 to make it faster. nobody really used it then. but they then came out with a 1 page 'quantitative' appraisal form where all you had to do was put a '+' or '-' minus sign, then give a value. that went no where, but the circle of appraisal life is very strange. we are now trending to the minutia data appraisal, or an observation home inspection value report. i agree with data mining for fannie mae's computer model. someone there thinks that this 'more' detailed form will help their fannie avm to give a 'more accurate' value. the government doesn't care about people. it just happens that sometimes you think they like you, god forbid they don't. my opinion has been that certification created too many appraisers. i can survive any upcoming apocalypse, have lived thru enough of them, although some barely.

 

[Terrel L. Shields]

they added the 2055 to make it faster.

...and forgot to tell you that since you are not supposed to caveat away the interior inspection, you likely would spend more time hunting down a legitimate interior description than just doing an inspection. OOPS.

1 page 'quantitative' appraisal form where all you had to do was put a '+' or '-' minus sign,

And everyone said, "Whaddaeffezdat?" I doubt so many as 50 were ever produced.

It's all about the data mining and the vain hope that in doing so they get such good data that they can do it all themselves without an appraisal and forgetting entirely that houses change with time. 2019 vs 2009

 

[djd09]

Does Affirmative Action in Mortgage Lending Really Help Black Americans?​

There’s no clear reason to believe that race-conscious lending benefits those whom it’s meant to.​

The potential for taxpayer exposure to loans made for less-than-financially sound reasons was made clear by the $187 billion federal bailout of Fannie Mae and Freddie Mac in the wake of the 2008 financial crisis,

We’ve seen this movie before. The 2008 financial crisis and its widespread mortgage foreclosures disproportionately affected black Americans. Some 240,000 black homeowners lost their houses in the crisis, and home equity among their neighbors plummeted. In predominantly black and affluent Prince George’s County, Md., the median home price dropped from $343,000 to just $245,000 between 2008 and 2009.

the corrupt leading the way, it will work