Collateral Underwriter "suggested Comparables"

[timd354]

Tim, please spare us the platitudes, you do not know what would of happened because you do not know what you do not know. Next thing you will espouse is that you know the future of appraisers...have at it, but include time line, number of appraisers leaving the profession and where that will leave you in the profession. I have an excel sheet specialy made for your predictions.

What platitudes? There is no secret about what happened. Why don't you take the time to actually research what went happened and tell me where you think I got it wrong and tell me what you think the likely outcome would have been if there had been no government bailout after private capital pulled out of the credit markets in the fall of 2008 which caused the credit markets to essentially to stop functioning? How high do you think interest rates would have need to rise to in order to attract sufficient private capital back into the credit markets (including the secondary mortgage market) in a highly toxic credit risk environment to avoid a full blown economic depression without the government bailout (assuming that it would have been possible at to attract sufficient private capital at any yield

here is my prediction. the next bubble in the housing market is coming. fannie will deflect any responsibility onto others. they will use CU to "blame" appraisers see current graphs. CU will be implemented as the new age appraisal. what could be more unbiased then a computer. oh and they get another bailout. maybe 500,000,000,000 this time.
who said this
"These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."

• The New York Times (11 September 2003

Wow, you really went out on a limb by predicting that there will be another bubble in the real estate market, a market that has always been cyclical and regularly has bubbles and market corrections. Next, you will be predicting that sun will rise in the east tomorrow morning.

 

[Peter LeQuire]

Yeah, private capital is just itching to get into mortgages at a 3.5 - 4.0% yield before origination costs, servicing costs and provisions for credit losses which amount to at least 150 -200 basis points, making a potential ROI of around 2 - 2.5% at those types of mortgage interest rates....lol. You have no clue

Conventional rates today are in the 3.75% - 4.25%, probably with no discount points, but probably not an origination fee and 2%-5% closing costs, + prepaid items: your loading of origination costs probably overstates the chop on yield. Even so, the January average cost of funds rate for the San Francisco FHL Bank, for example, was .692%. If mortgages are such a crummy deal, why are some pretty significant banks originating loans at current rates, hedging them, but keeping them on the shelf? Answer - they're achieving an OK yield on pretty well vetted investments that don't have the risk lurking in the equities market.

 

[djd09]

What platitudes? There is no secret about what happened. Why don't you take the time to actually research what went happened and tell me where you think I got it wrong and tell me what you think the likely outcome would have been if there had been no government bailout after private capital pulled out of the credit markets in the fall of 2008 which caused the credit markets to essentially to stop functioning? How high do you think interest rates would have need to rise to in order to attract sufficient private capital back into the credit markets (including the secondary mortgage market) in a highly toxic credit risk environment to avoid a full blown economic depression without the government bailout (assuming that it would have been possible at to attract sufficient private capital at any yield

Wow, you really went out on a limb by predicting that there will be another bubble in the real estate market, a market that has always been cyclical and regularly has bubbles and market corrections. Next, you will be predicting that sun will rise in the east tomorrow morning.

hey who is tim howard. holy then all fannie.?

 

[huntercharlie]

There are a few groups that may have benefited more than appraisers, but so what as that is consistent with my original comments? Who cares anyhow...the fact is that residential appraisers are huge beneficiaries of the GSE bailout

Well, I guess we will just have to agree to disagree.