1004mc Soon Not To Be Required By Fannie Mae

[Non Sequitur]

PS. The poster conveyed a REAL life scenario/dilemma. No mention of Any hypothetical USPAP mumbo jumbo double speak which by the way, no market (buyers/sellers) participants even care about.

Real life in that the seller has no idea what happened and the poster is making unsupported conclusions?

 

[Evincere]

But I'll bet the same poster would have no problem ranting if that "taxpayer" filed a complaint against him if he didn't make the contract price.

Lol. Who is drawing unfounded conclusions now?

Hey, no problemo. You can go ahead and be the first test case to shoot down all the “conspiracy” plots and theories.

 

[Non Sequitur]

Lol. Who is drawing unfounded conclusions?.

Just placing a bet.

 

[Evincere]

Non Sequitur said: ↑
Just ignore these posters https://en.m.wiktionary.org/wiki/****poster

Just placing a bet.

Risking "impertinence" I dare say,

https://en.m.wiktionary.org/wiki/****poster

 

[Andrei Fin]

IMO the 1004mc was (hastily) designed so that appraisers who were performing zero market analysis would perform some market analysis.

At some point it was made obsolete by big data, whereas the end user already knows the market conditions very well, before the appraiser even begins their report.

 

[djd09]

http://www.usdebtclock.org/

What conspiracy?

 

[bnmappraisal]

Seems Denis...err I mean... "hastalavista" was reporting the truth in his OP (imagine that! - and on a personal note: a SAD loss to this Forum)

https://www.appraisalinstitute.org/...04mc-the-gse-reveals-at-AI-annual-conference/

 

[Evincere]

Seems Denis...err I mean... "hastalavista" was reporting the truth in his OP (imagine that! - and on a personal note: a SAD loss to this -/

Did someone imply or accuse him of being untruthful and lying?

 

[gregb]

Seems Denis...err I mean... "hastalavista" was reporting the truth in his OP (imagine that! - and on a personal note: a SAD loss to this Forum)

https://www.appraisalinstitute.org/...04mc-the-gse-reveals-at-AI-annual-conference/

August 01, 2018
Fannie Mae Drops Form 1004MC, the GSE Reveals at AI Annual Conference

Fannie Mae is discontinuing the use of Form 1004MC (Market Conditions), the government-sponsored enterprise announced July 30 at the Appraisal Institute Annual Conference in Nashville, Tennessee. The GSE is expected to officially announce the change when it releases its updated Selling Guide in the coming weeks.

Form 1004MC was released in November 2008, and from the start many appraisers said they found its use inappropriate for many market situations and conditions. Members of the AI Government Relations Committee expressed this opinion to Fannie Mae during recent discussions on ways the GSE could improve its policies and procedures.

Reporting market trend activity will remain an important undertaking for appraisers and they will continue to do so even without the requirement to complete Form 1004MC.

Freddie Mac has yet to make a similar announcement about discontinuing use of 1004MC, but the move by Fannie Mae may compel a similar policy change to maintain competitive posture.

AI will monitor the situation and report new developments when they are announced.

 

[bnmappraisal]

Did someone imply or accuse him of being untruthful and lying?

I never said anyone did

I'm just sharing further information which adds to the validation of his OP