appraisal: Fannie, Freddie CEO pay gets regulator nod, can I a pay package Nod???
- 12/24/09 12:53 AM
Fannie, Freddie CEO pay gets regulator nod: report Wed Dec 23, 11:50 pm ET (Reuters) - The U.S. housing regulator has approved pay packages for the chief executives of mortgage finance companies Fannie Mae (FNM.N) and Freddie Mac (FRE.N) in the range of $4 million to $6 million, the Wall Street Journal said, citing people familiar with the matter. The Federal Housing Finance Agency has approved the pay details for Fannie's Michael Williams and Freddie's Charles Haldeman, which the housing companies are expected to spell out in a securities filing on Thursday, the paper said. Fannie Mae and Freddie Mac, which together own or … (2 comments)
If HR4173 passes will we be able to put the HVCC GENIE back in the bottle (and put the bottle in the nearest dumpster), and do away with appraisal prostitution! I personally don't think so, the AMC's and Banks (kind of one in the same) hold way too much power. Besides, how many Real Estate Appraiser do you know who can afford $500-$1000 a plate, political fund raising dinners? I could think of a few Bank Executives, for each bank who could! And for the record I'm not talking about the … (3 comments)
appraisal: Market Conditions???????????????
- 12/04/09 02:43 AM
I have a question to my fellow appraisers. This question is mainly directed to appraisers working in underperforming markets, like Florida, Arizona, Nevada, and California. What are you doing when the subject's subdivision is increasing in value, but everything in the else in the area is declining? On page one the section on "Market Conditions", now I was trained that Market Conditions, included an area larger than the subdivision, like a section of the county. When I filled in The Great 1004MC form, it showed the trend is increasing values for the subdivision. We all know why I'm posing this question, … (5 comments)
appraisal: My New Appraisal Organization
- 11/27/09 01:41 AM
Hello all! I'm starting a new appraisal organization; it will be called National Association of Broke Appraisers (NABA). Unlike other Appraisal organizations, the fee will only be $50.00 for a life time membership. And you say what do I get for my $50.00? You get to put the NABA designation at the end of you state id number that should get you a ton more work and nothing else. Just think you don't have to spend a lot of money on high priced CE courses, from NABA, because we don't have any! You'll never find an ad from AMC's that … (13 comments)
appraisal: Have all the lenders gone Insane?
- 11/06/09 07:38 AM
A fellow Appraiser I work with called me earlier today, to ask if I was a Flagstar approved appraiser. I said I was and check my status about 4 months ago and was still active. He stated the last time he checked he was approved, and he had a report he wrote and Flagstar would not accept it, stating that he's not approved!!!!!! So I called their Appraisal department, and I was told that, I'm no longer approved!!! As it turns out, I have not had any reports sent to Flagstar in the past year, so they kicked me off the … (5 comments)
I met a realtor out at a home, I had to appraiser. So while I was talking to him, as I was doing my inspection (yes appraiser can still talk to realtors), he asked me if I liked working out of the appraisal pool. I said what pool? I was thinking he was talking about the cesspool of AMC's, that all of us a swimming in. I had to educate him about the new frontier of residential appraising. Then he proceeds to ask if the home will appraise!!!!! I told him I couldn't talk to … (5 comments)
appraisal: Stress
- 04/05/09 02:26 AM
This is a note for my fellow appraisers, and to anyone else under a tremendous amount of stress. I hope this post will also help, the people sitting on the sidelines, that just read the blogs, but are to afraid to write one, or post a comment. Because if you're too afraid to post to a blog, you might be too afraid to talk to someone about your troubles.
With our uncertain future, with the HVCC start date of May 1st, I'm reading some posts. By people who are very stressed out. I know I'm one of them, the best advice … (5 comments)
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Michael Zollo
Certified Residential Appraiser, South Florida, FH
Fannie, Freddie CEO pay gets regulator nod: report ;)
;)
