GSE Pilot Programs Dead
The Only Good Pilot Is A Dead Pilot?
Like my father always told me about having a business partner (see title above).
But I digress.
I have yet another independent confirmation that all GSE pilot programs are now dead under the new FHFA director. Fortunately for appraisers, his biggest concern is risk management and this action seems to confirm this. The GSE pilot programs designed to “improve” efficiencies, such as bifurcation (a spurious solution that is more costly, less timely and less accurate), are dead. Not everyone in the chain of command may be aware yet.
Real Estate Appraising Is Not Rocket Science
But sometimes, with all the regulatory and agency battles, it is treated as if it is. I’m not taking away from the skills that are required to be competent, but I tire of the constant drama being played out that has hijacked the profession from the professionals who are actually doing the work.
Shout out to my good friend and padre Tom who keeps me grounded – otherwise, I will think I’m Neil Armstrong every time my comps are good.
- FNMA Continued Effort to Get Rid of Appraisers - September 29, 2023
- Beware of Bifurcated Appraisals - August 4, 2023
- And Why Is the Second Appraisal Always the “Correct Value?” - June 9, 2023