TITLE

Fannie Taking Harder Line on Appraisals

AUTHOR(S)
Berry, Kate
PUB. DATE
July 2010
SOURCE
American Banker;7/2/2010, Vol. 175 Issue F325, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the U.S. government-sponsored enterprise Fannie Mae was changing its policies in an effort to improve the quality of property appraisals. As distressed sales have taken up a larger percentage of the real estate market, it has become more difficult for appraisers to find comparable sales prices without lowering home values. Fannie Mae requires a minimum of three comparable sales per appraisal.
ACCESSION #
51871554

 

Related Articles

  • Fannie and Freddie Losses Raise Questions. P. M. // Asset Securitization Report;3/10/2008, Vol. 8 Issue 10, p19 

    The article discusses the effect of the portfolio caps of two government-sponsored enterprises (GSE) in the U.S. When Fannie Mae and Freddie Mac raised their portfolio caps, it was seen as a stimulus in the weakened housing market. But when the GSEs announced their losses in the fourth quarter...

  • How Much Capital Does a GSE Need? None. Whalen, Christopher // Structuredfinancenews.com;10/ 8/2014, p14 

    The author reflects on the impact on housing finance of the changes being executed by mortgage loan agencies Fannie Mae and Freddie Mac to their structure and operations using current legal authority. Topics discussed include the reasons driving the government to reform the U.S. housing sector,...

  • New GSE Priorities. Sichelman, Lew // National Mortgage News;10/27/2008, Vol. 33 Issue 6, p1 

    The article reports on the priorities of government-sponsored enterprises (GSE) in these tough times in the U.S. GSEs seem willing to cast aside their long-held allegiance in favor of striking a balance between serving their shareholders and the housing markets. Instead of focusing on maximizing...

  • Fannie Mae on Workouts: 'Make It Happen' Terris, Harry // American Banker;10/17/2007, Vol. 172 Issue 200, p11 

    The article reports that Fannie Mae is encouraging loan servicers to work out troubled loans and giving them more leeway to do so. Thomas Lund, an executive vice president at the government-sponsored enterprise, is quoted discussing Fannie Mae's policy. Comments by other mortgage banking...

  • THE ELEPHANT IN THE ROOM. ENGLAND, ROBERT STOWE // Mortgage Banking;Aug2014, Vol. 74 Issue 11, p64 

    The article presents the discussions of U.S. finance experts on the recapitalizaion of U.S. financial services firm Fannie Mae and Freddie Mac and continue as private companies after their returning to profitability in the first quarter of 2012. Topics discussed include negative impact on middle...

  • Reform, Yes--But Preserve The GSEs' Role. Colton, Kent W. // American Banker;4/22/2005, Vol. 170 Issue 77, p10 

    Comments on the role of government-sponsored enterprises in home ownership. Background on the housing finance system; Expansion of the secondary market for housing in 1984 with the Secondary Mortgage Market Act; View that Freddie Mac and Fannie Mae ensure the liquidity and stability of mortgage...

  • Delays Creating Uncertainties about GSE Tech Initiative. Kilgore, Austin // National Mortgage News;1/17/2011, Vol. 35 Issue 16, p9 

    The article reports that the delays in the U.S. government's Uniform Mortgage Data Program (UMDP) is creating uncertainties concerning the technology initiatives of government sponsored enterprises (GSE). It states that UMDP's program which includes the Uniform Collateral Data Portal (UCDP) for...

  • U.S. housing finance in 100-year perspective. Pollock, Alex J. // Housing Finance International;Autumn2014, p15 

    The article discusses the 100-year history of U.S. housing finance divided into three eras, namely the age of savings and loan institutions from 1914 to 1980, the age of Fannie Mae and Freddie Mac, pseudonyms for government-sponsored enterprises (GSEs), from 1980 to 2008, and the undefined age...

  • Urban Legends of Fannie Mae and Freddie Mac. Rossi, Clifford // National Mortgage News;11/3/2014, Vol. 39 Issue 8, p1 

    The article informs about establishment of the Government-controlled mortgage companies Fannie Mae and Freddie Mac in affordable housing business in the U.S. Topics include comprehensive solutions by companies for financing mortgages, role of recapitalization and reconstitution of the U.S....

Share

Other Topics