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

There are too many big houses on the market, and it's a problem

Fri, 22 Mar 2019 16:21:00 -0400
There are scores of huge homes across the Southern U.S. that are simply sitting on the market, and sellers are settling for massive price cuts in order to move on with their lives. What gives? Blame the Boomers. Hordes of retirees with easy access to credit built their late-in-life dream homes across the Sunbelt in the early 2000s, only to discover that these huge, high-maintenance abodes didn't exactly make for ideal living in their Golden Years.

[Pulse] 5 actionable tips on building a personal brand for real estate and mortgage professionals

Fri, 22 Mar 2019 14:00:00 -0400
I got into the mortgage business in 2008, possibly the worst year for the financial markets. I was armed with three people in my sphere of influence and $1,900 in capital. Fast-forward a couple of years, and my company posted an astronomic three-year growth of 987%. While most successes can't be attributed to just one factor, in my case, personal branding played a huge role. Here's how I did it, and some tips on how you can do it, too.

Study reveals generational divide in HELOC use

Fri, 22 Mar 2019 13:15:00 -0400
Most of the time, when a homeowner takes out a HELOC, the plan is to use the proceeds to fund home renovations. But a recent survey of 1,003 HELOC or future HELOC borrowers by Citizens Bank revealed that younger borrowers are much more open to using the loan for things other than home renovation, shedding light on a generational divide in the way homeowners utilize their home equity.


Sponsors

SCPAC Facebook Feed

X

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!