Why Are Fannie And Freddie In Such A Hurry?

[peturner]

I am somewhat baffled. Fannie and Freddie are at warp speed getting into alternative valuation products.
Why? Could it be they and their cohorts want these things in place prior to a decision in Louisiana?
They are talking about a new 1004 form will take 2 to 3 years? A coincidence?

 

[timd354]

I am somewhat baffled. Fannie and Freddie are at warp speed getting into alternative valuation products.
Why? Could it be they and their cohorts want these things in place prior to a decision in Louisiana?
They are talking about a new 1004 form will take 2 to 3 years? A coincidence?

I am just curious as to why anyone would think that the GSE's would care about the FTC-LREAB fight as they are not involved with that matter. Whether or not the LREAB is found liable for antitrust violations regarding their regulation of AMCs has no impact on the GSE's since the GSE's do not directly order origination appraisals nor operate any AMC's.

What do potentially new GSE appraisal forms have to do with the LREAB anyhow? There is zero chance that the LREAB would or could dictate to GSE's what their appraisal forms will be like or even whether GSE appraisals must include a property inspection.

 

[djd09]

REVAA and Fannie will be located on the same street. Figure it out.

 

[timd354]

REVAA and Fannie will be located on the same street. Figure it out.

Yep, we get it djd, it is all one big conspiracy...Frankly, I am surprised that the big bankers and their thugs have not "disappeared" you yet for exposing the conspiracy.

 

[gregb]

REVAA and Fannie will be located on the same street. Figure it out.

Which one should we favor moving to Cleveland?

 

[EddieB]

Send them to Detroit

 

[glenn walker]

I am somewhat baffled. Fannie and Freddie are at warp speed getting into alternative valuation products.
Why? Could it be they and their cohorts want these things in place prior to a decision in Louisiana?
They are talking about a new 1004 form will take 2 to 3 years? A coincidence?

No Fannie Mae doesn't even know Louisiana is a State LOL

 

[djd09]

Yep, we get it djd, it is all one big conspiracy...Frankly, I am surprised that the big bankers and their thugs have not "disappeared" you yet for exposing the conspiracy.

One big conspiracy. Just like someone telling me you were a lawyer. Not.

 

[NC Appraising]

Pete,

I am highly disappointed in you!! I love a good conspiracy story as much as you, so I will help you out!!!

Check this out!!! Bring back memories? CHECK THE DATE OUT!!! ****2002**** You cannot make this stuff up!!! Your answer is below:
http://articles.latimes.com/2002/jan/06/realestate/re-harney6
"""Known as the "property inspection waiver," the pilot program is being offered around the country by a select group of mortgage companies who sell loans to Fannie. The lenders welcome the plan because it allows them to close mortgages faster, (TRAP BORROWERS FASTER) attract price-conscious loan shoppers and sometimes even lower their rate quotes. It also allows them to dispense with their customary contractual warranties to Fannie regarding the mortgaged property's condition and value. Those warranties open lenders to financial penalties should a home's stated value later turn out to be bogus."""

****** https://www.nationalmortgagenews.co...ppraiser-visits-fannie-mae-pilot-asks-why-not *********

**** https://www.urban.org/sites/default/files/f_sunset_seminar_-_appraisals.pdf ******


https://www.miamiherald.com/news/business/real-estate-news/article161759908.html
https://www.quickenloans.com/blog/q...mplifies-income-asset-employment-verification
http://investor.corelogic.com/press...ide-day-1-certainty-service-mon-07312017-1203
https://www.publicintegrity.org/201...ud-odds-quicken-loans-straight-shooting-image
https://www.housingwire.com/articles/38488-these-freddie-mac-mortgages-wont-need-an-appraiser
https://www.bloomberg.com/news/arti...-by-data-startup-claiming-trade-secrets-theft


1. What did Fannie Mae do before the market crash because they were losing so much market share?
2. Why do you always find Fannie Mae, Freddie, Quicken Loans and CoreLogic having summits?
3. Are these companies to "tight" with one another? Is it really to protect/help the public or to make their profits higher and to crush the competition?
4. Who is the largest lender in America?
5. Who benefits from the largest lender in America?
6. What can they further do to dominate the mortgage market?
7. Kinda hard for other smaller mortgage companies to compete...….crush the competition. Refi's are at a 20 year low.
8. What companies benefits if appraisers are taken out of the process or at least watered down?
9. Everyone hates appraisers. LOL.

 

[hastalavista]

A coincidence?

A coincidence? Yes.
A correlation? No.