Tag Archives: FHFA

Appraisal Organizations Step Up

Over the past week or so, Presidential Candidate Joe Biden publicly called for more regulation and oversight over appraisers to combat racial bias.  He specifically cited the Brookings Institute Study ” The Devaluation of Assets in Black Neighborhoods, The Case of Residential Property”  If you are unfamiliar with this study, in a nutshell, the findings… Read More »

Great News to Share

Last week we shared with you Congresswoman Maxine Waters and  Congressman William Lacy Clay requested a formal study/investigation into Title XI (FIRREA) and the recent dilution of its intent by the Federal Agencies. VaCAP has learned GAO has agreed to complete the study. The Network of State Coalitions has sent the following to their state… Read More »

AMC Sucker Punches Appraisers

  Class Valuation sucker punches appraisers! Class Valuations has been celebrating completing 1,000,000 orders and sent a Tweet thanking their clients and staff. There is no mention of the boots on the ground licensed professional appraisers who actually completed those appraisals. Is this the true feelings of Class Valuations? Do they not realize not one… Read More »

Hybrid Appraisal = $2,500 Fine to Appraiser

If you still believe a hybrid or bifurcated appraisal is USAP compliant, you may want to take a look at the article and disciplinary action posted on AppriasersBlogs today.  An appraiser who completed a hybrid appraisal was fined $2,500 by the Georgia Real Estate Appraisal Board for 23 violations. Yes you read that correctly, 23… Read More »

Veterans Administration on Hybrid Appraisals

..… the person providing property information  to the appraiser must have entered into an agreement with the appraiser to do so. ……the person who provides to the VA fee panel appraiser information must sign the appraisal report in the “Appraiser” section of the left side of the appraisal report. See the announcement by the Veterans… Read More »

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 »

VaCAP Takes Action!

Last week we shared with you Maxine Waters and Sherrod Brown sent an inquiry to the Appraisal Subcommittee inquiring on the parameters used to determine the North Dakota Appraiser Waiver approval. We encouraged each of you to take advantage of the attention on our profession and contact your representatives.. VaCAP has sent letters to both… Read More »

Momentum is Strong. Act Now

Late Friday afternoon, VaCAP learned the Financial Services Committee Chairwomen. Maxine Waters and Senator Sherrod Brown, Ranking Member of the Senate Committee on Banking Housing and Urban Affairs, sent a letter to the Appraisal Subcommittee Chairman Arthur Lindo inquiring around the circumstances of the North Dakota Appraisal Waiver that was granted a few months back.… Read More »

Breaking News – Unprecedented Appraisal Waiver Questioned!

Congresswomen Maxine Waters and Senator Sherrod Brown are questioning the Appraisal Waiver granted to North Dakota.  See the Press Release below and the entire letter sent here.    For Immediate Release September 27, 2019 Waters and Brown Call on Appraisal Subcommittee to Provide Answers on Unprecedented Appraisal Waiver WASHINGTON, D.C. – Congresswoman Maxine Waters (D-CA), Chairwoman… Read More »

This Happened Once Before…. in 2008!

According to a CNN Business article this morning, The New York Federal Reserve spent $53 billion to rescue the overnight lending market.  This happened once before… in 2008.  “It’s unprecedented, at least in the post-crisis era,” said Mark Cabana, rates strategist at Bank of America Merrill Lynch. On Tuesday morning the New York Federal Reserve… Read More »