Fannie Mae REO switching to AMCs

[Tom D]

Huh, i never got that email. Maybe i'm a survivor. What did you just say to me, Ask not for whom the bell tolls, it tolls for thee. The term appraiser is now considered to be an existential term.

 

[Sadie]

Huh, i never got that email. Maybe i'm a survivor. What did you just say to me, Ask not for whom the bell tolls, it tolls for thee. The term appraiser is now considered to be an existential term.

probably in your spam folder

 

[NC Appraising]

The question is.....

Cost plus model?

Or

The AMCs can find the cheapest appraiser and pocket the rest.

 

[Sadie]

The question is.....

Cost plus model?

Or

The AMCs can find the cheapest appraiser and pocket the rest.

One of them says they are a cost plus model.

 

[George Hatch]

They also all refer to the appraisers they do business with as "valued partners". Some of them might mean that but others clearly don't. Same with some of these lenders.

Meanwhile their observables are easy enough to see by how they act.

 

[Non Sequitur]

The question is.....

Cost plus model?

Or

The AMCs can find the cheapest appraiser and pocket the rest.

Cheapest.

Word on the street, the AMCs are offering $100 less than what Fannie used to pay and are swallowing the $175 management fee. And the SOW has increased from what I have seen.

About time to start picking up cans.

 

[Sadie]

Cheapest.

Word on the street, the AMCs are offering $100 less than what Fannie used to pay and are swallowing the $175 management fee. And the SOW has increased from what I have seen.

About time to start picking up cans.

They were already pretty low to low average on the fee scale. Their biggest plus is that they paid promptly. I'm not going to run around like Chicken Little just yet. But, I do think you may be correct.