Fernando
Elite Member
- Joined
- Nov 7, 2016
- Professional Status
- Certified Residential Appraiser
- State
- California
What does Oakland metro area includes?
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Waivers 50%. Hybrids 30%.
- Thread starter NC Appraising
- Start date
Joe Flacco
Elite Member
- Joined
- Jul 31, 2013
- Professional Status
- Certified Residential Appraiser
- State
- Maryland
Fernando
Elite Member
- Joined
- Nov 7, 2016
- Professional Status
- Certified Residential Appraiser
- State
- California
Homes in Livermore area is new Silicon Valley. Companies moving out of Oakland and to other side to Pleasanton/Livermore area, desirable area with million dollar homes common.
And the poorer folks moving out of Oakland to poorer suburbs in Bay Area.
- Joined
- Feb 14, 2002
- Professional Status
- Certified Residential Appraiser
- State
- Louisiana
Blast from the past. Worth repost to remind everyone how the system is gamed:
"Wells Fargo has been cracking down on loan officers in the past few weeks over allegations of widespread abuse of appraisal waivers in the past two years."
"One loan officer with direct knowledge and another who was briefed on the numbers told Insider that two mortgage retail sales senior managers in the San Francisco Bay area, Jim Lew and Jarod Johnson, fired approximately five loan officers in their area. Another estimate suggests that 12 to 15 people were fired across that region two weeks ago."
nationalmortgageprofessional.com
"Wells Fargo has been cracking down on loan officers in the past few weeks over allegations of widespread abuse of appraisal waivers in the past two years."
"One loan officer with direct knowledge and another who was briefed on the numbers told Insider that two mortgage retail sales senior managers in the San Francisco Bay area, Jim Lew and Jarod Johnson, fired approximately five loan officers in their area. Another estimate suggests that 12 to 15 people were fired across that region two weeks ago."
Wells Fargo Fires Loan Officers Accused Of Abusing Appraisal Waivers
Wells Fargo has been cracking down on loan officers in the past few weeks over allegations of widespread abuse of appraisal waivers in the past two years.
nationalmortgageprofessional.com
RCA
Elite Member
- Joined
- Jun 27, 2017
- Professional Status
- Certified General Appraiser
- State
- California
High Quality Houses, High Quality Owners, High Quality Mortgages, High Quality Guarantees (the missing key?), - built on high quality inspections and appraisals for High Quality Lenders.
That sounds like a business to invest in.
The KEY is High Quality Appraisals - provide the monitoring and measurement devices for the system.
That sounds like a business to invest in.
The KEY is High Quality Appraisals - provide the monitoring and measurement devices for the system.
RCA
Elite Member
- Joined
- Jun 27, 2017
- Professional Status
- Certified General Appraiser
- State
- California
Blast from the past. Worth repost to remind everyone how the system is gamed:
"Wells Fargo has been cracking down on loan officers in the past few weeks over allegations of widespread abuse of appraisal waivers in the past two years."
"One loan officer with direct knowledge and another who was briefed on the numbers told Insider that two mortgage retail sales senior managers in the San Francisco Bay area, Jim Lew and Jarod Johnson, fired approximately five loan officers in their area. Another estimate suggests that 12 to 15 people were fired across that region two weeks ago."
Wells Fargo Fires Loan Officers Accused Of Abusing Appraisal Waivers
Wells Fargo has been cracking down on loan officers in the past few weeks over allegations of widespread abuse of appraisal waivers in the past two years.
And this is an important indication that waivers can cause problems: Indiscriminately giving out loans to incompetent owners will cost more in the end. Investors will learn to discriminate REITs by quality. A good, solid REIT could be an excellent investment - although without high-quality appraisals and contractual safeguards from owners, the quality of REITS could be very limited. Going into the future, change is expected.