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

Housing discrimination lawsuit against Bank of America gets green light

Fri, 19 Jul 2019 16:16:00 -0400
A federal judge in Maryland denied a motion Thursday to dismiss a lawsuit brought against Bank of America and Safeguard Properties Management by the National Fair Housing Alliance, 19 fair housing organizations and two homeowners for alleged fair housing violations. According to the judge, the facts presented allow for a “reasonable inference that the defendants violated anti-discrimination provisions of the Fair Housing Act.”

Oregon close to becoming first U.S. state to ban single-family-only zoning

Fri, 19 Jul 2019 15:38:00 -0400
Earlier this month, Oregon’s legislature passed House Bill 2001, a measure that will require cities of more than 10,000 people to permit duplexes in areas currently zoned for single-family usage. The bill, which received bipartisan support, is set to go before Gov. Kate Brown, D-OR, who is expected to sign it, therefore positioning Oregon as the first state to ban single-family-only zoning. If passed, Redfin claims the measure could have a significant impact on Portland's housing market.

Chris Heller leaves loanDepot and mellohome for AI real estate company OJO Labs

Fri, 19 Jul 2019 15:32:00 -0400
Chris Heller shocked the housing world last year when he stepped down as CEO of Keller Williams to become the CEO of mellohome, loanDepot’s attempt to serve as a true one-stop-shop for “buying, financing, and improving homes.” But now, less than 18 months later, Heller is leaving mellohome and loanDepot behind for OJO Labs, a real estate technology start-up whose flagship product is an AI-based conversational assistant that is currently being used in the real estate industry.


Sponsors

Chapter News

Charleston Chapter Meeting - 5/14/19 4:30pm
Waters Edge, 1407 Shrimp Boat Ln. Mt. Pleasant, SC.

Please join us for a Charleston Chapter South Carolina professional Appraisal Coalition (SCPAC) meeting on May 14th at Waters edge on Shem Creek for a 4:30 happy hour. 1407 Shimp Boat Ln Mt. Pleasant SC. We will discuss whats going on with the coalition and make plans for the future. SCPAC will provide a bounty of free hors d'oeuvres and waters edge has great drink discounts at happy hour. Everyone is invited, you don't have to be a member. However if you invite someone who becomes a member you will quality for a discount on your next years membership. Free food, cheap drinks, and someone that understands your AMC horror stories. What could be better, Oh beautiful water front Shem Creek. Please RSVP to hillmanappraisal@live.com . I look forward to seeing you there.

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!