Financing & Credit Archive

Freddie Mac Increasing Appraisal Requirements

From Appraisal Scoop, Freddie Mac is modifying their appraisal requirements. Looks like Freddie is requiring an appraisal update from 60 days of delivery of the mortgage. That used to be 120 days and 60 days on the conversion of...
October 7, 2008

How Washington Enabled a Financial Crisis

Barry Ritholtz writes a satirical Op-ed for Barron’s Magazine, thanking the Government for enabling Wall Street, helping them create this financial crisis. In his piece, Barry includes the failure of Congress to protect honest appraisers. The article starts: We...
September 29, 2008

The Value of this Bailout

————————————————————– My Plan: If the U.S. Government is going to spend taxpayer money to buy homes from banks, (and that’s essentially what this bailout is) then it would be nice if they got a new appraisal for each those...
September 23, 2008

NAR Responds to Fannie Freddie Conservatorship

Here is NAR’s Official Response to the Fannie Freddie Conservatorship: Q. What does this mean for Realtors and homebuyers? A. Through its actions, the federal government has sent a clear signal that the mission of the GSEs to provide...
September 10, 2008

What Happens Now with the HVCC?

Given that the Federal Government has recently placed Fannie and Freddie in Conservatorship, many appraisers are wondering what impact this will have on the Home Valuation Code of Conduct. My guess is that this recent take-over will either kill...
September 10, 2008

Take A Load Off Fannie

Because Everyone Hates a Bailout:...
September 8, 2008

Fannie/Freddie’s Stock Price and the Cuomo Agreement

Fannie and Freddie’s stock has fallen rather dramatically over the last month or so, and I am curious what impact this may have on the New York Attorney General Andrew Cuomo’s Home Valuation Code of Conduct. My gut tells...
August 19, 2008