Here’s some shop talk for my fellow appraisers for some upcoming changes to appraisal standards for Fannie Mae. This is good stuff to keep in mind (even for others in the real estate industry). I’m grateful for appraisers like Bill & Tinna from REAA who are making videos like this every week. You can see their videos directly here or YouTube. You may notice a similarity to the TBWS videos too because the TBWS guys have been very generous and supportive to provide web space and video capabilities for Bill & Tinna.
TBWS
Were banks bailed out so they could do this?
This video came from the ThinkBigWorkSmall guys. I tend to take what these two say with a grain of salt, but this video is pretty astounding. Is this why the banks have been bailed out? In a system like this, it’s no wonder why many loan modifications are not working. Please watch, filter, and let me know what you think.