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For The Appraiser or Trainee
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IN THE NEWS!
Market Update Unavailable
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Date |
Time |
2010 FOMC announcement schedule |
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Jan 26-27
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14:15
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FOMC
policy announcement
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Mar
16
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14:15
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FOMC
policy announcement
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Apr 27-28
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14:15
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FOMC
policy announcement
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Jun
22-23
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14:15
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FOMC
policy announcement
|
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Aug
10
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14:15
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FOMC
policy announcement
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Sep
21
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14:15
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FOMC
policy announcement
|
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Nov
2-3
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14:15
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FOMC
policy announcement
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Dec
14
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14:15
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FOMC
policy announcement
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Jan 25-26 - 2011
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14:15
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FOMC
policy announcement
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FLASH!
REALTOR®
Magazine Online 2008 Cost VS. Value Report
See what the REALTORS® have to say about home
improvements vs. recaptured expenses.
Click
Here 2009 NOT COMPLETE YET. US Census Bureau
Your source for population, housing, economic, and geographic data.
Click
here.
Fannie Mae Guidelines available
To order a copy of what appraisers need to know, the "Handbook for Appraisers," at a price of $15 per copy, call 1-800-471-5554 and requesting publication CT147. More information
Click
Here
Appraisal trainee advice
Advice for appraisal trainees and persons considering
an appraisal career
Click Here. Mortgage Fraud Blog
Check out mortgage fraud in your state and
nationwide. Click Here |
BELOW ARE FORUMS
WITH THE CREATORS COMMENTS.
New Greenpea Appraiser
I've set this up for the new appraisers to ask questions and discuss issues that seem too dumb or irrelevant to ask the more seasoned appraisers. Feel free to ask/talk about anything from "What clothes should I wear?", to "How do you think A.V.M.'s will affect our future?"
AI
Associate Members Club
The idea for this club was actually created collectively by many
Appraisal Institute Associate Members from Region X (Florida, Puerto
Rico & the Caribbean) for the purpose of networking and
communicating with one another in helping each to reach the goal of
becoming a professional designated MAI and/or SRA real estate appraiser.
We welcome anyone and everyone who can contribute in a meaningful way to
help us reach our designation goal faster and more efficiently. Please
enjoy and post often!
California real estate
appraisers
This group was created and is sponsored by California real estate
appraisers. Its purpose is to bring together the views and opinions of
California real estate appraisers and to help create the very best in
appraisal information, knowledge and exchange of appraiser theory in
practice in the Golden State. New, experienced, part-time and full time
appraisers are welcome, as well as people interested in becoming
appraisers.
Alabama
Appraiser Forum
The Alabama Appraiser Forum was developed to assist all appraisers doing business in Alabama. All appraisers and affiliates licensed to do business in
Alabama are welcome to join this group and participate in the
forum. The forum is designed to exchange ideas and help each other in the appraisal practice. All subjects posted to this forum should be appraisal related. Spam is not authorized on the forum and anyone found sending or contributing
Spam will be banned from the group.
Michigan
Appraisers
This list is for all limited licensed appraiser in
Michigan to express their concerns and share their experience
with each others.
HUD
Fraud
Are you a homebuyer of a deficient new, or existing, house that
fraudulently went through the FHA program? -Does your case involve a
crooked &/or home builder, seller, lending company, appraiser,
inspector? (Builder left out materials; or "Fraudulent Property
Flipping" scheme; or "Predatory Lending"; or...) -Did HUD employees do
nothing about your case (Did not enforce their) HUD "Lender
Accountability" ("If problems arise after closing, that repairs were not
done or the house was overvalued,...
Limited
Appraisers
This group id design all new limited licensed appraiser registered in
the state of Michigan. Here we can share our problems and
experience.
Appraisal
Appraisal is estimating the value of an asset and projecting the income
of an asset, based on scientific methods and principles; supported by
the expertise of the appraiser. Appraisal services are required for the
following - Loan collateral - Merger and acquisition - Highest and Best
Use study for property - Calculation of Capital gains of Investment -
Insurance - Selling & buying of property - Taxation - Property Records 7
Information System - Go Public Appraisal also cover feasibility study,...
Rookie
Appraisers
Its a crazy world out there and being a rookie appraiser can be a BIG
challenge. Lets ask each other questions without fear of sounding
inferior to those ancient crusty old experienced foes. Let the conversing
begin - viola!
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WARNING! |
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HVCC & YOU!
On May 1, 2009 the HVCC was initiated
throughout the Country on every mortgage transaction that
involves an appraisal that is sold to Fannie Mae and Freddie
Mac. This involves all conventional loans which prior to the
present meltdown was approximately 70% of all lending. With
the banking system crippled, conventional loans seized up
and nearly came to a halt. Presently, the conventional
mortgage market is still trying to get back on its feet
albeit very slowly and cautiously. Then there is the HVCC.
The HVCC came about due to pressure put on an appraisal
management company called eAppraiseIT by a large mortgage
lender Washington Mutual in the State of New York. The
Attorney General of New York created the HVCC. To stay out
of litigation (even though not directly involved), the
appellant in the case (The State of New York) arranged to
have Fannie Mae (FNMA) sign an agreement that all loans
placed through FNMA & Freddie Mac would have to adhere to
this new HVCC.
“We knew this was causing extreme hardship to the industry,
but we didn’t expect to get thousands of horror stories from
would-be homebuyers whose dreams have been dashed by this
well-intended, but misguided policy. Every day thousands of
people are getting the rug yanked out from under them in
their quest to become homeowners because of HVCC. You only
need to go to our petition website to read the stories for
yourself,” said Kearns. READ MORE... |
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