building codes - Appraisers Blogs

Fannie Mae Filed a Complaint Against Me

AppraisersBlogs — Wed, 18 Oct 2023 12:30:39 +0000

An appraiser shared the following with us which was posted on one of the appraisers’ groups. Fannie Mae filed a complaint against me with my state appraisal board. Here’s what happened. The Report In June of 2021, I completed an appraisal for a conventional purchase. The appraisal was ordered by an AMC on behalf of a lender. At that time, the real estate market was still being wildly affected by the COVID pandemic. Remote work was in full swing, and consumers were desperately seeking to get out of the cities. Prices for all types of residential properties were rising rapidly,...

Fannie's Loan Buyback Sophistry Relies on Modifying… “Many of the repurchase letters make no sense,” said the insider. If analysts don’t write enough defects on those files,…
FNMA Continued Effort to Get Rid of Appraisers Fannie Mae Continues Their Effort To Get Rid Of Appraisers: Sends “Tips” For the past year, Fannie Mae has sent…
The Town With No Bank: How Rural America Lost Its… For decades, we’ve been told that the problem is demand. That people don’t want to live in rural America anymore.…

The post Fannie Mae Filed a Complaint Against Me appeared on Appraisers Blogs.

Building Codes

Dave Towne — Mon, 07 Dec 2020 13:30:59 +0000

Appraisers should have a basic understanding of residential electrical, plumbing and building codes. Or at least have a way to research them… While reading the National Appraisers Forum on Friday December 4, 2020, I found a post contributed by California appraiser Craig Gilbert, who provided this link to building codes in each state. Over the years, I’ve seen numerous appraiser comments in various places stating that I don’t need to know anything about building, electrical or plumbing codes. Well, I hate to be the Grinch who stole Christmas, but I disagree with that perspective. Appraisers should have a basic understanding...

When Does a Closet Become a Room? When is a closet a room? In most cases, interior closets are included within the total finished square footage. But,…
Promoting False "Racist Appraiser" Narrative Some Lenders promoting false "racist appraiser" narrative to optimize profits via AVMs Like most businesses lenders want to optimize their…
Is the GSE's "Appraisal Modernization" Really Just… Mass Appraisal tend to exhibit a regressive nature... In the intricate landscape of real estate mortgage financing, the notion of…

The post Building Codes appeared on Appraisers Blogs.

Fannie and Freddie Will Fail!

VaCAP Board — Wed, 30 Oct 2019 12:30:08 +0000

Fannie and Freddie Will Fail! That comes straight from Dr. Mark Calabria, the Federal Housing Finance Director that oversees Fannie and Freddie! In a prepared statement given to the US House of Representatives Committee on Financial Services, FHFA Director Mark Calabria did not hold back in his comments. But in their current condition, Fannie Mae and Freddie Mac will fail in a downturn. The testimony of Dr. Calabria before the US House of Representatives Committee on Financial Services was geared around affordable housing goals. Blame is given to local zoning, land use restrictions, environmental regulations, onerous building codes and permitting...

The Town With No Bank: How Rural America Lost Its… For decades, we’ve been told that the problem is demand. That people don’t want to live in rural America anymore.…
Uncovering Flaws in FHA Appraisal & Loan Review Process The story of this single mother's harrowing experience with a defective home purchase and HUD's negligent oversight exposes deep flaws…
Dear Representative, FNMA Has Gone Rogue! Dear representative, waiving/eliminating property appraisal for lending purposes is wanton recklessness. Fannie Mae’s decision to waive/eliminate property appraisal for lending…

The post Fannie and Freddie Will Fail! appeared on Appraisers Blogs.

“Pre-built” Housing Explanations

Dave Towne — Thu, 06 Apr 2017 12:30:31 +0000

I used to work for a MODULAR homes manufacturer, before becoming an appraiser… Folks, If you’ve ever wondered about the differences between various ‘pre-built’ housing “types”, this 4 part series (below) is a good explanation. See the links below. These are written by a California contractor/real estate agent who has 30 years’ experience (according to his info). I used to work for a MODULAR home manufacturer, before becoming an appraiser. This series does not really fully explain how MODULAR is different from “Manufactured.” In simple terms, MODULAR homes are constructed in a factory to specifications in the International Building Codes...

The Site Value… A Walk in the Park or USPAP Nightmare? Recognized methods to determine the site value... We have all been there, the subject is located in an established neighborhood,…
Cost Approach Booklet & Instructions FREE Cost Approach calculation worksheet... Appraisers, Many use Building-Cost.net as a source for completing residential Cost Approach details in appraisal…
Bugged About Adjustments Illogical line item adjustments... Appraisers, I’ve recently ‘come in contact with’, in a semi-official capacity, a recently completed appraisal report.…

The post “Pre-built” Housing Explanations appeared on Appraisers Blogs.

Non-permitted Additions

Guest Author — Wed, 05 Sep 2012 12:30:00 +0000

“What is the big #$%^&*@! deal with non-permitted additions?” The last few weeks I have noted a common theme in my conversations with appraisers across the nation. This topic seems relatively simple and yet since I have encountered endless questions I thought this post may add something to overall community. The question boils down to “What is the big #$%^&*@! deal with non-permitted additions?”, for residential lending purposes. Of course this stems from the fact that many residential lenders are pushing back appraisals that have given value consideration to an addition which was non-permitted at the time of construction. This...

The Great Debate on Appraisal Fees She included several different fee split examples indicating AMCs retained as much as 70 percent of the total appraisal fee…
It’s Time to Take Out the Junk: AMC Practices Exposed Appraisers have spent years carrying the weight of broken AMC practices, and this article pulls every one of those practices…
The Town With No Bank: How Rural America Lost Its… For decades, we’ve been told that the problem is demand. That people don’t want to live in rural America anymore.…

The post Non-permitted Additions appeared on Appraisers Blogs.

building codes - Appraisers Blogs

Fannie Mae Filed a Complaint Against Me

Related Posts:

Building Codes

Related Posts:

Fannie and Freddie Will Fail!

Related Posts:

“Pre-built” Housing Explanations

Related Posts:

Non-permitted Additions

Related Posts: