AQB's latest dumbing down by 'Stakeholders' Dropping the College Degree Requirement

[DWiley]

Now, according to Fannie Mae, 95% of the appraisals they receive are overvalued.

You have posted that multiple times, but that is not what their newsletter actually said. That reference was actually 95% of appraisal reports identified as having appraisal related significant defects. It was not 95% of appraisals. Pretty big difference. RIF

 

[Mejappz]

You have posted that multiple times, but that is not what their newsletter actually said.

Well im reading diretly from the newsletter. It says 95% had an overvalution flag. And the majority had significant defects.

 

[TerryRohrer]

You have posted that multiple times, but that is not what their newsletter actually said.

So what percentage of their loans had "appraisal related significant defects?"

 

[DWiley]

Well im reading diretly from the newsletter. It says 95% had an overvalution flag. And the majority had significant defects.

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Did you actually read what you posted? It does not say 95% of appraisals. It says 95% of appraisals with appraisal related significant defects.

 

[Mejappz]

I guess this will turn out much like TAFs lobbying. TAF does not lobby but wait there is an IRS filing and other evidence that suggest they do .Oh silly your just not reading the document incorrectly.

 

[Mejappz]

Did you actually read what you posted? It does not say 95% of appraisals. It says 95% of appraisals with appraisal related significant defects.

So what percentage of their loans had "appraisal-related significant defects?"

 

[DWiley]

I guess this will turn out much like TAFs lobbying. TAF does not lobby but wait there is an IRS filing and other evidence that suggest they do .Oh silly your just not reading the document incorrectly.

It is really not all that complicated. What the newsletter says is that of all the appraisals with significant defects, the overvaluation flag fires on 95% of them. It is pretty straight forward.

 

[Mejappz]

It is really not all that complicated. What the newsletter says is that of all the appraisals with significant defects, the overvaluation flag fires on 9% of them. It is pretty straight forward.

No, it's not actually straightforward because we don't know how many appraisals have significant defects.

 

[DWiley]

So what percentage of their loans had "appraisal-related significant defects?"

I have no idea. Perhaps you should ask them, since it is an article about their data and findings.

 

[Mejappz]

I’m willing to bet it’s not an insignificant percentage or else why up in a newsletter.