FHFA to allow alternative appraisal methods on purchases up to 97% LTV

[CGinMN]

I don’t see how the Director of the FHFA can be on record as saying a policy under his purview is dumb and irresponsible.

 

[George Hatch]

Calabria laid it out with his tweet, this is a political issue. Expect a reversal under a Trump administration. Expect amplification under a Harris administration.

Unpopular opinion incoming......

I'm not at all confident that a professional commercial property developer will side with appraisers against the not-the-appraisers. He probably won't buy the appraisers-R-racists reasoning but he'll have his other reasons for not being that supportive of the various due diligence functions.

 

[CGinMN]

Who are you referring to?

 

[George Hatch]

I am not sure Trump will issue a reversal

 

[Mejappz]

In the end, whether it's TAF, the GSEs, the Appraisal Institute with their secret meetings, HUD, etc

All of those entities need to be taken down one way or the other. They are all corrupt political organizations trying desperately to cling to power.

 

[Mejappz]

That’s why I get a kick from the people who said from the beginning of this farce “ I hope it’s not political and we can find a solution “. You can't possibly be that naive and stupid? It’s all political.

 

[CGinMN]

HUD Sec. Carson already communicated they will, “Immediately end the Biden Administration's Property Appraisal and Valuation Equity (PAVE) policies and reverse any Biden Administration actions that threaten to undermine the integrity of real estate appraisals.” When the future FHFA director calls 97% LTV waivers dumb and irresponsible, I don’t think it’s an off the cuff remark. I doubt Trump has any interest in the issue, really. It is possible it wouldn’t get reversed just because of inertia.

 

[Ricky LaFleur]

Expect a reversal under a Trump administration. Expect amplification under a Harris administration.

I'd like to think so but no one cares about appraisers now especially. FHA's racist appraisers PSA plays non stop on a sport radio station I listen to is this even on the radar of anyone in government?

I'd tend to agree with Digger. Trump actually increased the de minimus in 2019. Conservatives are usually more in favor of less red tape (read appraisals), at least to a point. Liberals in the news, however, love the story of supposed "discriminatin' appraisers". So, wouldn't hold my breath there either. If there's a chance to have a good comeback in appraisal, I'll wager it's later on and maybe after a recession.

 

[Mile High Trout]

HUD Sec. Carson already communicated they will, “Immediately end the Biden Administration's Property Appraisal and Valuation Equity (PAVE) policies and reverse any Biden Administration actions that threaten to undermine the integrity of real estate appraisals.” When the future FHFA director calls 97% LTV waivers dumb and irresponsible, I don’t think it’s an off the cuff remark. I doubt Trump has any interest in the issue, really. It is possible it wouldn’t get reversed just because of inertia.

Section 3.6: Department of Housing and Urban Development - What Does Project 2025 Say?

Section 3.6: Department of Housing and Urban Development The following is a contextual analysis of Section 3.6 of Project 2025, which was written by Ben Carson, and encompasses pages 535 to 548 of the document. Carson served in the Trump administration as the 17th United States Secretary of...

whatdoesproject2025say.com

Wow, he really did say that. Sorry, have never looked into this 2025 heritage foundation deal though. This part at least sounds reasonable.

Ben Carson is really a cut above. We need him now.

Where exactly is the apparently unlimited money to lend coming from?

As far as avm's and waivers on 97% ltv's. Predatory lenders are getting their wish lists, every single check box. AVM certs in leu of human appraisers, waivers, higher ltv's allowances, lower income requirements, higher demins, elimination of many checks and balances systems including appraisers, and a very long list of other activities.

To 'recognize the benefits associated with waivers'. Debt traps for everyone! Welcome to the party.

Are you figuring out how this works yet?

 

[Elliott]

My $64 question is, so how many appraisers and staff in appraisal dept will be layed off by the GSEs? No appraisals, no appraisals to review.