Fannie, appraisers move to the back of the bus.

[Tom D]

The most recent fannie newsletter of more better ways than an appraiser. And some of yous think we still have a future.

More innovative, efficient ways to establish a property’s market value​

Leading an ever-evolving market, Fannie Mae has an updated range of valuation options that balances traditional appraisals with innovative alternatives, making the process of establishing a property’s market value more efficient and accurate. These options match the risk of the collateral and the loan transaction.

 

[shrubberyvaluation]

The most recent fannie newsletter of more better ways than an appraiser. And some of yous think we still have a future.

More innovative, efficient ways to establish a property’s market value​

Leading an ever-evolving market, Fannie Mae has an updated range of valuation options that balances traditional appraisals with innovative alternatives, making the process of establishing a property’s market value more efficient and accurate. These options match the risk of the collateral and the loan transaction.

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Less than 2 decades ago we had liar loans. Now they want liar appraisals calling then more accurate. Liar appraisals is a more apt description of appraisal modernization.

 

[Dale Floyd]

September 2008, and still in conservatorship.

Did everybody forget?

 

[Sadie]

September 2008, and still in conservatorship.

Did everybody forget?

Apparently Fannie did.

This is depressing. Oh, but wait, there will be all those REO and short sale appraisals that will be needed when it all goes to heck in a handbasket

 

[djd09]

they couldn't have done it without the help of their 15th st friends...

 

[chad hampton]

Hang on tight, I did two short sales and two foreclosures in September.

 

[Carnivore]

So if the leftie trump haters are right , then trump will crash the economy , get ready the short sale will be first followed by the REO's and your in the money again. Woo Hoo

Oh, I forgot Too Late Fed chair might lower rates

 

[Sadie]

Hang on tight, I did two short sales and two foreclosures in September.

The question is, are they a trend or anomalies.

 

[George Hatch]

The question in an appraisal discussion isn't the current trend for market conditions. That's irrelevant.

The question for appraisers is whether those properties were grossly overencumbered when those loans were made, and if so was the gross overencumbrance attributable to the appraisal? It was so wrong at the inception of the loan that it added significantly to the subsequent loss .

 

[Mark Sargent]

Yeah... I'm waiting for those REOs... already a couple so It most probable to increase