Census Tracts, Hedonic Regression and the CU Stew
Bet you didn’t know that the adjustment grid is a form of Hedonic Regression! Appraisers, The new Collateral Underwriter electronic review process developed by Fannie Mae has many appraisers on edge. This will become the ‘ultimate authority’ or gold standard for reviewing appraisal reports as of January 26, 2015… at least as far as FNMA is concerned. Your reports will either ‘pass’ or ‘fail’, depending on many factors. Some of those factors are outside your immediate control. “Big Data” is one giant pile of stuff that is being put into the CU pot, stirred together like a stew. Except there...
