Appraisal Institute Says Federal Regulators Have Gone Insane

Appraisal Institute Blasts Federal Regulator’s Insane Proposal To Eliminate Appraisal Requirements


Have federal regulators turned the federal government into a crazy house?
The Appraisal Institute is not happy. They believe regulators have lost their collective minds. What has the Appraisal Institute freaking out?  The FDIC, the Federal Reserve and the Office of the Comptroller of the Currency are proposing to eliminate appraisal requirement on home sales of $400,000 and below.
The three banking regulators proposed increasing the appraisal exemption threshold from $250,000 to $400,000. As a result, this means that some home sales of $400,000 and below would no longer require an appraisal.
The FDIC also states that increasing the threshold would have exempted an additional 214,000 mortgages from needing appraisals.
However, that is not the appraisal industry’s chief concern.

Comments

Post a Comment

Popular posts from this blog

1st Freddie Mac Fire Sale Of 2018 Announced

Image
1st Freddie Mac Fire Sale Of 2018 Announced. $420 Million Of Non-Performing Loans Up For Auction Freddie Mac has announced the first Freddie Mac fire sale of 2018. The auction will consist of seasoned non-performing loans held in Freddie Mac's mortgage investment portfolio. Shellpoint Mortgage Servicing is the servicer of the loans. The Freddie Mac Fire Sale consists of four mortgage pools. The sale contains three standard pool offerings and one extended timeline pool offering. The later auction targets participation by smaller investors including nonprofits and minority or female-owned businesses. Freddie Mac announced bids for the standard pools are due from qualified bidders on March 13, 2018. The GSE also announced a deadline of March 27, 2018, for the EXPO pool. Freddie Mac is also requiring bidders to complete a qualification package in order to bid. The GSE also stated bids must be made on an all-or-none basis. Bidders can bid on any pool separ...
Read more

Staten Island Foreclosure Defense Call 917.426.5958

Image
Experience The Most Aggressive Staten Island Foreclosure Defense Team Ever Assembled MFI-Miami has created the most aggressive Staten Island foreclosure defense team New York has ever seen! We are the only foreclosure and mortgage experts with the strength to successfully challenge any Wall Street lender in a Richmond County or New York courtroom. Our competitors show off one or two victories but they can't beat our track record. How do we know this? Because we have the 10-year track record  to prove it!  MFI-Miami's Staten Island foreclosure defense team has become a lender's worst nightmare. Why? MFI-Miami has successfully challenged some of the most arrogant foreclosure mill lawyers and Wall Street lenders in New York. For nearly 10-years, MFI-Miami CEO Steve Dibert has developed a reputation of bringing Wall Street banks to their knees. He has even humiliated bank lawyers and made bank executives sob like babies during depositions.  S...
Read more

SLS COVID-19 Foreclosure Defense Hotline! Call 888.737.6344

Image
  MFI-Miami Launches The SLS COVID-19 Foreclosure Defense Hotline! Call Us At 888.737.6344 MFI-Miami has created the SLS COVID-19 Foreclosure Defense Hotline. If you're facing foreclosure from SLS during these perilous times during the coronavirus pandemic, we can help. Call 888.737.6344. The coronavirus pandemic has put America is in a crisis. MFI-Miami is doing our part to help during these perilous times. Unfortunately, SLS doesn't see it that way. It appears they have ignored President Trump's call for a payment and foreclosure moratorium. Yes, we know this for a fact. An MFI-Miami client was served with a foreclosure lawsuit by SLS during this national emergency. An MFI-Miami client claims they have been threatened with foreclosure lawsuits by SLS during this national emergency. Yes, we know this for a fact. An MFI-Miami client was served with a foreclosure lawsuit by SLS during this national emergency. As a result, MFI-Miami has created a foreclosure defense team excl...
Read more