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New Regulator for Fannie/Freddie.

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hovious

Thread Starter
Sophomore Member
Joined
Mar 14, 2007
Professional Status
Certified Residential Appraiser
State
Illinois
The passage of this massive housing rescue plan....creates a new regulator for Fannie/Freddie (probably the Federal Reserve?).

With a new regulator on the horizon does this terminate the HVCC?

Opinions encouraged and welcomed...
 

Lloyd Bonafide

Senior Member
Joined
Jan 15, 2006
Professional Status
Certified Residential Appraiser
State
California
I don't nominate Andrew Cuomo for the position.
 

The Warrior Monk

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Staff member
Moderator
Joined
Mar 30, 2005
Professional Status
Certified General Appraiser
State
New York
My guess is that the fed is not going to give a damn about any agreement with an AG of a particular state.
 

Marcia Langley

Senior Member
Joined
Aug 26, 2005
Professional Status
Certified Residential Appraiser
State
Missouri
My guess is that the GSEs and the OFHEO will get sliced and diced and repackaged into bundles that turn out to be not accountable for anything that has occurred in the past and which will be strictly under federal jurisdiction (like banks) and untouchable by the states.

It seems federal jurisdiction is crucial to plausible deniability.
 

Mike Garrett RAA

Elite Member
Gold Supporting Member
Joined
Jan 14, 2002
Professional Status
Certified Residential Appraiser
State
Colorado
NY/FannieMae agreement is dead as a door nail, in my opinion.

Pam for Regulator!
 

Mike Kennedy

Elite Member
Joined
Sep 28, 2003
Professional Status
Certified Residential Appraiser
State
New York
SHUFFLING THE CARDS WITHOUT REVISIONS TO TITLE XI MAKING THE USPAP BINDING ON USERS OF APPRAISAL SERVICES WITH ENFORCEMENT AT THE FEDERAL LEVEL ( i.e. it's a FEDERAL law) - enables the "Band" to keep playing.

Much ado 'bout nothing.
 

George W Dodd

Senior Member
Joined
Jul 9, 2002
Professional Status
Certified Residential Appraiser
State
Virginia
I urge everyone to read the Fed's Regulation Z, including the definition of an appraiser.
This is still the calm before the storm and it gives us a brief opportunity to act. It's time to join together and go on the offensive. A lot has been accomplished in Virginia and there is much more to come in the very near future.
 

moh malekpour

Elite Member
Joined
May 25, 2002
Professional Status
Certified Residential Appraiser
State
California
What happened to these bills? These are all related to appraiers
S.1222
S.1299
S.1386
S.2452
S.2860
HR.3915
 

Jim Onderisin

Senior Member
Joined
Sep 15, 2003
Professional Status
Certified Residential Appraiser
State
Illinois
I hope OFHEO does get sliced and diced. What a worthless bunch of beauracrats! They are supposed to be overseeing the GSEs? Where have they been?
 

Blueprint

Senior Member
Joined
Aug 25, 2005
Professional Status
Certified Residential Appraiser
State
Oregon
I am up for nomination.
 
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