Freddie Mac Says We Need to Lower Appraisal Cost

[Mejappz]

Meanwhile, they made 3 billion dollars in profit in the first quarter. The GSEs are taking the consumer to the cleaners. Talk about market interference. The smearing and disinformation of appraisers continue.

 

[djd09]

hamp turning into a full blown conspiracy theorist...ask dw

 

[Tom4value]

1. Lender fee. This is a fee to keep borrowers from going to the competition. Been in the lending end. I know this.

2. Not so easy. Appraisers do shoddy work. Fannie/Freddie pick up on this, go with hybrids, get even more shoddy work because they pay beanuts.

 

[Zoe]

Poor Danny. CFPB are not through yet. Be interesting to see next witnesses before the appraisal bias committee. If were Danny, I would be praying I was not next witness.

 

[Zoe]

This appraisal bias committee have the most powerful banking regulators on the planet. GSEs don't hold a candle to them. Appraisers don't hold a candle to the power they have. Banks don't hold a candle to the power they have.

Joan don't hold a candle to this appraisal bias committee. Name the party. They don't hold a candle to this committee.

 

[Zoe]

Submit a complaint | Consumer Financial Protection Bureau

Find information and tools to submit a consumer complaint to the Consumer Financial Protection Bureau.

www.consumerfinance.gov

CFPB is GSE worst nightmare.

 

[ucbruin]

1. Lender fee. This is a fee to keep borrowers from going to the competition. Been in the lending end. I know this.

2. Not so easy. Appraisers do shoddy work. Fannie/Freddie pick up on this, go with hybrids, get even more shoddy work because they pay beanuts.

#2....
Why pay "full" fee for shoddy work when you can pay less than full fee for shoddy work....
It's a no brainer....

 

[Zoe]

#2....
Why pay "full" fee for shoddy work when you can pay less than full fee for shoddy work....
It's a no brainer....

Appraisers fought hard for separation of AMC/APPRAISAL fee on truth in lending disclosures.

 

[Tom D]

don't look at the billions we make, look at the hundreds they make. this is the game of the rich & powerful in our world. and it has never changed. we can talk about it, and cry about it, etc. if you aren't happy, then find a better way to make money. yapping about the past problems we saw coming, changed nada. this thread is invisible. appraisers, well at least a good portion, are smart people. figure a better path and stop complaining. or live with you karma.

 

[djd09]

“Obedience is not enough. Unless he/she/it is suffering, how can you be sure that he/she/it is obeying your will and not their own?