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"Fannie and Freddie haven’t publicly released data or the results of their shifts to no-appraisal mortgages, but last week both companies allowed a peek for this column. During 2017, Fannie Mae acquired roughly 60,000 no-appraisal mortgages — 5 percent of its total 1.2 million home-loan acquisitions. Assuming an average appraisal costs about $500, the combined savings to buyers and refinancers totaled somewhere near $30 million. Freddie Mac declined to estimate specific savings but said through a spokesman that by accepting appraisal waivers, “borrowers may have saved millions.”

https://www.washingtonpost.com/real...1d6dc0d9bfe_story.html?utm_term=.40daf778d58d

Who ever controls the value controls the market.
 
M
timd354 said:
It figures that you would think that the truth is dumb.
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Lol. It’s all about the money with you.

That’s good. Louisiana will luv it.
 
MCLEAN, VA., April 23, 2018 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB:FMCC) today announced that Sam Khater, a prominent housing and economics expert with over 20 years of experience, is joining the company as vice president and chief economist.

Khater brings extensive housing finance research and economic forecasting expertise to his new role at Freddie Mac. As chief economist, he will lead a talented team of researchers in providing insights and analysis on economic trends and policy issues affecting Freddie Mac and the housing market.

“Sam is a leading voice in the housing finance industry and his extensive knowledge will help Freddie Mac deliver valuable research to our business units, customers and the industry,” said Jerry Weiss, Freddie Mac executive vice president and chief administrative officer. “Under Sam’s leadership, we are well-positioned to further leverage our economics team in ways that will strengthen our commitment to building a better housing finance system.”

“Given the challenges and opportunities in today’s housing market, I am thrilled to be joining Freddie Mac and its research team,” said Khater. “In addition to making home possible for millions of American families, Freddie Mac is an invaluable resource for the broader housing industry. I look forward to keeping our customers and stakeholders apprised of developments in the market.”

Khater arrives at Freddie Mac after 11 years at CoreLogic, where he most recently served as vice president of research and deputy chief economist. His responsibilities included producing original research and advising clients, regulators, policymakers and investors on real estate and mortgage market trends. As a compelling spokesperson with a unique ability to translate complicated subjects, he is regularly quoted in national, local and real estate trade media outlets.

Prior to joining CoreLogic, Khater was a senior economist at Fannie Mae and an economist at the National Association of Realtors®.

Khater holds a master’s degree in network economics from Georgetown University and a bachelor’s degree in economics and finance from George Mason University.

https://globenewswire.com/news-rele...hater-Vice-President-and-Chief-Economist.html
 
bnmappraisal said:
After 170 pages ... I'll say it again ... it's all about the fee(s) :popcorn:
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And why shouldn’t it be a major component of the complaints and objections. AMCs in general don’t complain about fees because the status quo is rarely shaken up. And when it is threatened, they run to the FTC to fight their battles
 
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djd09 said:
MCLEAN, VA., April 23, 2018 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB:FMCC) today announced that Sam Khater, a prominent housing and economics expert with over 20 years of experience, is joining the company as vice president and chief economist.

Khater brings extensive housing finance research and economic forecasting expertise to his new role at Freddie Mac. As chief economist, he will lead a talented team of researchers in providing insights and analysis on economic trends and policy issues affecting Freddie Mac and the housing market.

“Sam is a leading voice in the housing finance industry and his extensive knowledge will help Freddie Mac deliver valuable research to our business units, customers and the industry,” said Jerry Weiss, Freddie Mac executive vice president and chief administrative officer. “Under Sam’s leadership, we are well-positioned to further leverage our economics team in ways that will strengthen our commitment to building a better housing finance system.”

“Given the challenges and opportunities in today’s housing market, I am thrilled to be joining Freddie Mac and its research team,” said Khater. “In addition to making home possible for millions of American families, Freddie Mac is an invaluable resource for the broader housing industry. I look forward to keeping our customers and stakeholders apprised of developments in the market.”

Khater arrives at Freddie Mac after 11 years at CoreLogic, where he most recently served as vice president of research and deputy chief economist. His responsibilities included producing original research and advising clients, regulators, policymakers and investors on real estate and mortgage market trends. As a compelling spokesperson with a unique ability to translate complicated subjects, he is regularly quoted in national, local and real estate trade media outlets.

Prior to joining CoreLogic, Khater was a senior economist at Fannie Mae and an economist at the National Association of Realtors®.

Khater holds a master’s degree in network economics from Georgetown University and a bachelor’s degree in economics and finance from George Mason University.

https://globenewswire.com/news-rele...hater-Vice-President-and-Chief-Economist.html
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I love how these entities never seem to find candidates or appointees who dont have prior, long standing ménage a trois business relationships.

It’s like the CEO of Smithfield’s (the pork and bacon producers - now “owned” by the Chinese) being hired to run the FDA

https://www.pbs.org/newshour/show/whos-behind-chinese-takeover-worlds-biggest-pork-producer
 
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