Tag Archives: Government Officials

This is Interesting……

As most of you know, VaCAP is on social media. We have Facebook, LinkedIn and Twitter accounts. We have many followers on each of these social media sites. Our communications are also posted on these accounts, sent via email and many are re-posted on appraisersblogs as well. This is one of the reasons we have… 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 »

Hold On, It’s the Ride of Your Life!

We are sure you have heard the old saying what goes around comes around, right. Well, here we are again; The FTC vs Louisiana Real Estate Appraisal Board case has been brought back into the spot-light. As you may recall, the LREAB filed a civil case against the FTC in attempt to stop the case… 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 »

More Trouble Brewing

Got a low credit score and can’t get a loan?  Don’t fret over it, just subscribe to a magazine. Sounds absurd doesn’t it?  According an article on MSN, banks are using other means to determine your credit worthiness. We all understand alternative credit, such as phone and power bills, but companies are now considering consumer… Read More »

No DTI CAPS- What could go wrong?

Well, the insanity continues. HousingWire is reporting that a coalition of  lenders and trade groups are calling on the CFPB to eliminate the debt to income cap on all Qualified Mortgages.   Yes, you read that right. lenders want to eliminate the debt to income cap to allow more loans to be originated. They claim by… 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 »