Lyle Radke Gaslighting?

[Terrel L. Shields]

Working RE magazine was somewhat interesting but perhaps the best of the magazine is a letter to the editor from one Matt Cook. He pointed out that on the one hand FNMA's Lyle Radke said, waivers "will only have a small impact on appraisal volume" but OTOH FHFA reported that since 2020 waivers had saved the consumer some $2.5 billion in appraisal costs. That works out to a lost of about $14,000 per appraiser (assuming 35k active appraisers) per year.

Both statements cannot be true. $14,000 is not a small impact upon many appraisers since it comes directly off the bottom line.

 

[George Hatch]

If it isn't already true then the day probably isn't far off that it will be true.

 

[djd09]

good thing they cut the mortgage brokers out of the loop...

 

[Terrel L. Shields]

Does anyone know if the borrowers really benefit from lower costs? Or, do they pay the same amount? I did work for a bank that was sold. The new owners then charged exactly what we were charging for an appraisal (simple SFR) for in-house use, only they were providing an "evaluation" by an unlicensed party. IF you wanted a real appraiser add $250 to the fee...the borrower saved zero dollars, in fact, if they wanted a professional job they paid a lot more with the new owners.

 

[shrubberyvaluation]

Working RE magazine was somewhat interesting but perhaps the best of the magazine is a letter to the editor from one Matt Cook. He pointed out that on the one hand FNMA's Lyle Radke said, waivers "will only have a small impact on appraisal volume" but OTOH FHFA reported that since 2020 waivers had saved the consumer some $2.5 billion in appraisal costs. That works out to a lost of about $14,000 per appraiser (assuming 35k active appraisers) per year.

Both statements cannot be true. $14,000 is not a small impact upon many appraisers since it comes directly off the bottom line.

Well 2 Billion of that was probably going to AMCs so its really less than that.

 

[chad hampton]

Haven’t we all see enough from the gse mouthpieces to know that anytime they open their mouth, they are lying?

They could care less about saving borrowers a dime.

 

[djd09]

Haven’t we all see enough from the gse mouthpieces to know that anytime they open their mouth, they are lying?

They could care less about saving borrowers a dime.

do the unethical stakeholders do anything else but lie...

 

[Tawfik Ahdab]

Whenever a lender shakes your hand, be sure to count your fingers afterwards.

 

[djd09]

Former NY DEI Director and Hochul Aide Linda Sun CHARGED in Multimillion-Dollar PPE Fraud and Kickback Scheme​

Former NY DEI Director and Hochul Aide Linda Sun CHARGED in Multimillion-Dollar PPE Fraud and Kickback Scheme | The Gateway Pundit | by Jim Hᴏft

While New Yorkers were gasping for N-95 masks and latex gloves in the dark spring of 2020, the woman once tasked with “diversity, equity & inclusion” inside the Hochul-Cuomo political machine was allegedly busy funneling state contracts to her own relatives—and pocketing the profits.

www.thegatewaypundit.com

kind of like parea...AI, TAF, Revaa, AARO, GSE's, HUD, State boards. E&O, love their White envelopes....where is mej

 

[djd09]

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