Tag Archives: Housing

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 »

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 »

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 »

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 »

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 »