Tag Archives: HUD

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 »

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 »

The Other Side of Things

Appraisal Buzz published an article written by Joshua Walit on July 31, 2019 titled Nothing New Under the Sun: The Varied Face of Appraisal. The article brings up some good points, however; it does not take into account the reality of the market and the control of the lenders and appraisal management companies in the… 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 »

What’s Your Worth?

  A recent email circulated among appraisers from a large national appraisal management company stating recent market research of appraisal fees had been conducted and our fees will be changing. The email indicated that some fees increased and some decreased.   The email also gave instructions on placing your fee into their system and they will… Read More »

Why is this Important?

The next Virginia Real Estate Appraisal Board Meeting will be held on July 30th, 2019 @ 10:00 AM. This meeting will be a historic meeting as the board will be discussing the proposed hybrid appraisal guidance document and the corresponding 153 public comments. Also on the agenda, CoesterVMS is listed under the disciplinary cases! Why… Read More »