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

Redfin: Middle class buyers are being priced out of housing market

Wed, 23 Jan 2019 13:02:00 -0500
Although housing inventory is increasing, affordability for the typical middle class household is retreating, according to new data from Redfin. Redfin Chief Economist Daryl Fairweather said over the last few years builders have focused on luxury homes and there hasn’t been enough construction of affordable starter homes.

Warner introduces legislation to prevent future government shutdowns

Wed, 23 Jan 2019 12:09:00 -0500
The government shutdown has now been going on for more than a month, but newly introduced legislation, if passed, could prevent this from ever happening again. The partial government shutdown is having the highest impact on America’s most vulnerable citizens – an impact that this bill seeks to prevent in the future.

FHFA: Home prices slightly rise in November

Wed, 23 Jan 2019 10:08:00 -0500
Home prices rose in November, inching forward 0.4% from October according to the latest monthly House Price Index from the Federal Housing Finance Agency. According to FHFA, from November 2017 to November 2018, house prices rose 5.8%.


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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!