“Credible valuations of real property are critical to the health of the overall real estate industry; therefore the practice of bifurcated/hybrid appraisals must be regulated” There has been lots of talk over the past few weeks about bifurcated appraisal products. First came the announcement form Working RE Magazine they were conducting a survey on bifurcated appraisal… Read More »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »