GSE Compression Into One Entity
Here’s one little thought before you sip that New Year’s champagne… Because we appraisers sweat the details to provide credible valuations, we might miss the macro right in front of us. A few months ago I suggested that the current pilot programs for wide-scale bifurcation assignments were “dead man walking” per suggestions and insider tips related to actions by the new head of FHFA. He has consistently mentioned his aversion to the additional risk taken on by the GSEs in public speaking. Yes there is already bifurcation out there, but nothing near the scale should bifurcation go mainstream (under false...