Category Archives: Appraisal Practice

Fannie and Freddie Will Fail!

That comes straight from Dr. Mark Calabria, the Federal Housing Finance Director that oversees Fannie and Freddie! In a prepared statement given to the US House of Representatives Committee on Financial Services, FHFA Director Mark Calabria  did not hold back in his comments. “But in their current condition, Fannie Mae and Freddie Mac will fail… Read More »

Waiting Will Be Too Late

VaCAP has come a very long way over the past few years and we are now viewed as a nationally recognized leader of our profession. Our leaders have had phone conversations with international investors who have read our articles warning of now defunct Clarocity Corporations’ financial problems. It is truly mind blowing that VaCAP has… Read More »

The Raging Fire is Out of Control!

Are the profits being reported by Fannie and Freddie being skewed because of price fixing?  In an article released on CNBC by Reuters, US District Judge Jed Rakoff ruled investors can pursue antitrust claims against banks for conspiring to fix prices of bonds from Fannie Mae and Freddie Mac.  According to the article, there are… Read More »

Do You Hear the Rumble?

” Can you hear that? Do your hear the rumble? It’s a train going 80 mph toward a 25 mph curve”  There is an excellent article by Richard Hagar,SRA that hit everyone’s email this morning from Working RE Magazine. The title of the article is  Why “Bifurcation” Won’t Work. This is an excellent read and… Read More »

Dropping Like Flys….

VaCAP has learned another AMC is gone. This makes the second one in two days.  Appraisal Quick  out of Laguna Niguel, CA has filed for Chapter 7 Bankruptcy.  According to DPOR’s website, Appraisal Quick is not licensed to conduct business in Virginia. Unfortunately VaCAP has learned of several amcs operating here in Virginia without proper… Read More »

Another AMC Shuts Down

Rob Chrisman Reports Appraiser Connections Closes it Doors. “It is with great sadness that I must inform everyone that effective immediately Appraiser Connections is shutting down. All orders in the system will be complete, just no new orders. Retail loan officers will be given new user IDs for the new AMC that will be taking over and… Read More »

Call to Action Now!

This is a CALL TO ACTION .  Please listen to Phil Crawford’s Voice of Appraisal Show released this morning. He has put out a call to action to every appraiser to write a letter of recommendation for VaCAP President Pat Turner to be appointed to the Appraisal Standards Board. Send your emails /letters of recommendations… Read More »

It was a Big Day for Appraisers

The Virginia Real Estate Appraiser Board met for its quarterly meeting yesterday. We are happy to report CoesterVMS no longer has a license to operate in Virginia. The Board voted to accept the consent order accepting the voluntary surrender of his license. The Board also passed a motion to draft legislation to be introduced into… Read More »

Umm – There is an Elephant in the Room.

Why is Greed Being Disguised as Economic Growth?  The National Credit Union Association passed the final rule increasing the threshold requiring an appraisal on commercial loans from $250,000 to $1,000,000. This greed is being disguised as economic growth and job creation.  More smoke and mirrors.    From the NCAU press release: “This rule is part of… Read More »