Call to Action

Many of you probably don't know is that Fannie Mae has a communication platform on their website, but it is buried so deep that it is hard to find. I have attached the link below.

Fannie Mae is in the process of "Modernizing the Appraisal". Providing useful feedback MAY help shape what we will be doing in the future. One of our Colleagues with the Network spoke with Carol Bell at Fannie Mae last week along with those heading up the modernization process. It seems they are looking for a broader range of valuation options ranging from the Day One Appraisal Waiver, Desktop type reports to a more intense SFR (1004) type report. They expressed that the UAD data is not working as they had hoped and intimated that they are going to make some changes.

I don't know how much influence we, as a group will have, but I am pretty sure that more feedback is better than none.

Contact Fannie Mae

News

Chariman Hensarling - GSE Reform Bill

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing on the 10th anniversary of the federal government’s takeover of Fannie Mae and Freddie Mac, the failed... Read More

Sharing Information Among Us

One of the benefits of being a SCPAC member is sharing industry information. Not only do we share our information, we also share information from others . We encourage each of you to share industry articles with us. Being informed leads to success! Read More

Data doesn't create meaning, people do

In the interview we did with Fannie Mae last issue, Fannie Mae & Your Future, Fannie says that they have determined that big data, when combined with new and powerful algorithms, are "good enough" for certain types of transactions—and are cheaper and faster to boot, which is seemingly what everyone demands these days. Read More

SCPAC is Proud to Announce the Following

The Appraisal Foundation has announced that SCPAC Board Member, Ben Atkins, will serve as Chair of the Membership Committee for TAFAC, The Appraisal Foundation Advisory Council for 2018. Congratulations to Ben on this new position and thanks for representing SCPAC so well!

HousingWire News

Homeowners appear to be feeling good about the economy. Should they?

Tue, 17 Sep 2019 16:47:00 -0400
For all of 2019, single-family housing authorizations – what some consider a key indicator of historic recessions – have been decreasing. However, existing housing maintenance – what BuildFax refers to as “a gauge of consumer confidence” –  is rising consistently again after six months of decreasing activity. So what gives?

Fannie Mae: Cheap mortgage rates will push 2019 refinancings to three-year high

Tue, 17 Sep 2019 14:56:00 -0400
Fannie Mae released a forecast on Tuesday that has 30-year fixed mortgage rates falling to an average of 3.5% in the fourth quarter from 3.6% in the current period, which will boost refinancings to a three-year high. The nation’s biggest mortgage financier said refinancings probably will reach $699 billion in 2019, a 31% jump from 2018.

Calabria: Fannie Mae and Freddie Mac won’t privatize until 2020’s end or later

Tue, 17 Sep 2019 13:23:00 -0400
The federal regulator for Fannie Mae and Freddie Mac said the nation’s largest mortgage financiers won’t be privatized until the end of 2020 at the earliest. “It really depends on how quickly they raise capital,” said Federal Housing Finance Agency Director Mark Calabria in a Tuesday interview on Bloomberg TV.


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Chapter News

OCTOBER 14, 2019

Holiday Inn Express & Suites
3004 HWY 153
Piedmont, SC 29673

Join your fellow appraisers from the Upstate Chapter of South Carolina and around the state for a full day of education, networking and learning what is going on in your profession. The day includes a buffet BBQ lunch and topics that are timely and practical:

  • Appraisal Skill Workshop; Barry Kelley, SRA
  • ANSI Standard Measurement for GLA
  • Alternative Appraisals / Bifurcated Appraisals
  • Expert Panel Question and Answer

CE Credit has been submitted for approval: 7 Hours

There is only room for 45 attendees, advance registration and payment by October 1, 2019 is required. Please plan on attending this one-day event for a low fee:

  • $50.00 for SCPAC Members
  • $75.00 for non SCPAC members**

**New SCPAC Membership is regularly $100.00 and a $25 credit will be issued if you join at the fall retreat. Membership will include the remainder of 2019 and all of 2020.

FOR REGISTRATION or MORE INFORMATION

Contact Wes Hasty
whasty@caarps.com
864-616-6919

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Annual Conference & USPAP Course

Calling All Appraisers!!!! The SCPAC Annual Conference is coming up in February and we would love to have you there. The conference will be at the Hilton Garden Inn, Mount Pleasant, SC on February 16th and 17th. Arrive early and take a moment to recharge your Appraiser Engines!