Future Of Appraisal - Calabria Says Congress Not Needed

[RCA]

https://www.bloomberg.com/news/arti...ay-be-released-without-congress-calabria-says

It would seem the future of real estate appraisers lies in a large part to reducing risk for the GSEs ... whatever that takes. Beyond a certain threshold, change will occur - rapidly - relative to our current timescale. I am certainly not thinking of Hybrids - although they do have a role to play.

I'm thinking of accurate appraisals on a larger scale than you might think. We need appraisers who can deal with statistics, spreadsheets, databases and do some coding.

 

[Randolph Kinney]

In late cycle economic expansions, risks increase for a variety of reasons for various asset classes. Look at the last cycle to discover what happened before and after the market crash. Lending standards are loosened then and now. The question is, what happens to employment when the economic expansion turns negative?

 

[Restrain]

Remember all corporations, and that includes F/F, are built on quarterly results, not long term planning. Long term planning and long term risk assessment went out the window after the 1980’s and making corporate management income tied to the stock price or quarterly balance sheets. F/F is looking at the quarterly results, seeing it could improve income by moving more loans using its internal AVMs. Accuracy and risk mitigation through appraisals is so 2008.

 

[djd09]

the gse's are going nowhere. they are a slush fund for the politicians. and trump didn't start that.

really, they (WE) guarantee 5 trillion when the government has swept all their profits. any downturn would disastrous be for them.

 

[Tim The Enchanter]

We should probably keep congress, but we don't need this president.

 

[Meandering]

The financial news, I think it was CNBC today, was saying they are serious about cutting the GSEs lose, and out on their own as private corporations.
Oh my,
but now they have all your appraisal data and will be competing with you with PIWs.

Messy, messy.

.

 

[Evincere]

The financial news, I think it was CNBC today, was saying they are serious about cutting the GSEs lose, and out on their own as private corporations.
Oh my,
but now they have all your appraisal data and will be competing with you with PIWs.

Messy, messy.

.

Baron Rothschild, an 18th century British nobleman and member of the Rothschild banking family, is credited with saying that "the time to buy is when there's blood in the streets, even if it’s your own. ." He should know. Rothschild made a fortune buying in the panic that followed the Battle of Waterloo against Napoleon.