Freddie Mac Says We Need to Lower Appraisal Cost

[Tom D]

undervaluation flag, a new awareness data point that complements the CU overvaluation flag. a long time ago our state said you would get into the same trouble undervaluing as overvaluing, not because of racism, just a bad appraisal
most of us, well many of us, have survived every nonsense invented because we just do a good appraisal. all 30 extra pages in my report is nonsense, invented by the political hustlers.

underfee flag should be a new motto for us, maybe some artist here could draw one. wouldn't change anything but would be good to see like the don't thread on me flag. does antifa have a flag, or only the black hide their face outfit.

 

[Zoe]

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.

Be interesting to see if Freddie or Fannie face this appraisal bias committee as witnesses. I would donate a dollar to see that testimony. Rohit might have a field day.

Definition of FIELD DAY

a day for military exercises or maneuvers; an outdoor meeting or social gathering; a day of sports and athletic competition… See the full definition

www.merriam-webster.com

 

[djd09]

where is dw...no spewing USPAP lessons or revaa propaganda

 

[Non Sequitur]

Appraisers aren’t robbing borrower’s, AMCs are.

 

[shrubberyvaluation]

undervaluation flag, a new awareness data point that complements the CU overvaluation flag. a long time ago our state said you would get into the same trouble undervaluing as overvaluing, not because of racism, just a bad appraisal
most of us, well many of us, have survived every nonsense invented because we just do a good appraisal. all 30 extra pages in my report is nonsense, invented by the political hustlers.

underfee flag should be a new motto for us, maybe some artist here could draw one. wouldn't change anything but would be good to see like the don't thread on me flag. does antifa have a flag, or only the black hide their face outfit.

Good appraisals are not always enough to save you from the political hustlers. And CU doesn't always know what is a good appraisal.

 

[Tiffany Gibbons]

where is dw...no spewing USPAP lessons or revaa propaganda

Maybe he's being deposed as a witness? He has been involved in the business as a fee appraiser, worked at an AMC, now Freddie. He has impressive credentials. I just read an article in the working real estate rag with Lyle Radke at Fannie where he said (I'm paraphrasing here), "We can't get rid of all appraisers, where would we steal the data for our AVM from?" He should be a witness too.

 

[Tiffany Gibbons]

Be interesting to see if Freddie or Fannie face this appraisal bias committee as witnesses. I would donate a dollar to see that testimony. Rohit might have a field day.

Definition of FIELD DAY

a day for military exercises or maneuvers; an outdoor meeting or social gathering; a day of sports and athletic competition… See the full definition

www.merriam-webster.com

I would get pay per view and get a watch party going. Lots of appraisers in my area.

 

[djd09]

Emanuel Was Director Of Freddie Mac During Scandal​

New Obama Chief of Staff and others missed "red flags" of alleged fraud scheme.

November 7, 2008— -- President-elect Barack Obama's newly appointed chief of staff, Rahm Emanuel, served on the board of directors of the federal mortgage firm Freddie Mac at a time when scandal was brewing at the troubled agency and the board failed to spot "red flags," according to government reports reviewed by ABCNews.com.

According to a complaint later filed by the Securities and Exchange Commission, Freddie Mac, known formally as the Federal Home Loan Mortgage Corporation, misreported profits by billions of dollars in order to deceive investors between the years 2000 and 2002.

Emanuel Was Director Of Freddie Mac During Scandal

President-elect Barack Obama's newly appointed chief of staff, Rahm Emanuel, served on the board of directors of the federal mortgage firm Freddie Mac at a time when scandal was brewing at the troubled agency and the board failed to spot "red flags," according to government reports reviewed by...

abcnews.go.com

just a blast from the past...now you know what you are dealing with

 

[jay trotta]

Emanuel Was Director Of Freddie Mac During Scandal​

New Obama Chief of Staff and others missed "red flags" of alleged fraud scheme.

November 7, 2008— -- President-elect Barack Obama's newly appointed chief of staff, Rahm Emanuel, served on the board of directors of the federal mortgage firm Freddie Mac at a time when scandal was brewing at the troubled agency and the board failed to spot "red flags," according to government reports reviewed by ABCNews.com.

According to a complaint later filed by the Securities and Exchange Commission, Freddie Mac, known formally as the Federal Home Loan Mortgage Corporation, misreported profits by billions of dollars in order to deceive investors between the years 2000 and 2002.

Emanuel Was Director Of Freddie Mac During Scandal

President-elect Barack Obama's newly appointed chief of staff, Rahm Emanuel, served on the board of directors of the federal mortgage firm Freddie Mac at a time when scandal was brewing at the troubled agency and the board failed to spot "red flags," according to government reports reviewed by...

abcnews.go.com

just a blast from the past...now you know what you are dealing with

Freddie Mac agreed to pay a $50 million penalty in 2007 to settle the SEC complaint and four top executives of the Federal Home Loan Mortgage Corporation were charged with negligent conduct and, like the company, agreed to settle the case without admitting or denying the allegations.

The actions by Freddie Mac are cited by some economists as the beginning of the country's economic meltdown.

The federal government this year was forced to take over Freddie Mac and a sister federal mortgage agency, Fannie Mae, pledging at least $200 billion in public funds.

Appears we 've come a long way from "negligent conduct" to a time in which they both ^^^^^ are seeking to control the "Valuation Section of the Housing Market" for consumers. So I guess data manipulation by both parties is out of the question.

 

[sputnam]

Every well managed (not saying Freddie Mac is one) organization looks for ways to lower costs.