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Dear Representative, FNMA Has Gone Rogue!

Appraiserblogs

Dear representative, waiving/eliminating property appraisal for lending purposes is wanton recklessness. Fannie Mae’s decision to waive/eliminate property appraisal for lending purposes is nothing more than wanton recklessness that could have serious repercussions in the future. The fact is, Fannie… AVMs.

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Eroding Consumer Protection

Appraiserblogs

Waiving appraisal requirements on residential homes could erode consumer protection, stall attempts to create diversity in the profession… The recent announcement from Fannie Mae that they will waive the requirement for residential home appraisals has caused quite a stir in the industry.

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The New & Improved Fannie Mae “FRAUDULATOR 2.0”

Appraiserblogs

Originally known as Fannie Mae’s Collateral Underwriter (CU), and subsequently Collateral Underwriter 2.0 (CU-2)i CU-2)i this always dubious product of Fannie Mae is increasingly being referred to by some, if not many American Appraisers as The Fraudulator / Underwriter 2.0 (FU-2). appeared on Appraisers Blogs.

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We the People…

Appraiserblogs

Appraisers have been the target for blame for everything gone wrong in the mortgage lending world. Appraisers have even been the target on loans gone bad after several years on payments. Related Posts: Dear Representative, FNMA Has Gone Rogue! Related Posts: Dear Representative, FNMA Has Gone Rogue!

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Has FNMA Gotten Too Big to Control?

Appraiserblogs

Has Fannie Mae gotten too big to control? The agreement on whether Fannie Mae has gotten too big to control was unanimous. They argue that Fannie Mae is too big to fail, and that if it were to collapse, it would have a devastating impact on the housing market. appeared on Appraisers Blogs.

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ASA Concerned About the Expansion of FNMA Appraisal Waiver Program

Appraiserblogs

In response to the Federal Housing Finance Agency’s (FHFA) decision to allow Fannie Mae to expand its appraisal waiver program, the American Society of Appraisers (ASA) has released an op-ed by ASA’s Strategic Partnership Officer, John D. Related Posts: Dear Representative, FNMA Has Gone Rogue!

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