By J.W. ELPHINSTONE, AP Real Estate Writer J.w. Elphinstone, Ap Real Estate Writer - 19 mins ago NEW YORK - The government has handed its ATM card to beleaguered mortgage giants Fannie Mae and Freddie Mac. The Treasury Department said Thursday it removed the $400 billion financial cap on the mone...
Fannie, Freddie CEO pay gets regulator nod: report   Wed Dec 23, 11:50 pm ET (Reuters) - The U.S. housing regulator has approved pay packages for the chief executives of mortgage finance companies Fannie Mae (FNM.N) and Freddie Mac (FRE.N) in the range of $4 million to $6 million, the Wall Street...
WILL THE GENIE GO BACK IN THE BOTTLE !!!   If HR4173 passes will we be able to put the HVCC GENIE back in the bottle (and put the bottle in the nearest dumpster), and do away with appraisal prostitution! I personally don't think so, the AMC's and Banks (kind of one in the same) hold way too much ...
I have a question to my fellow appraisers. This question is mainly directed to appraisers working in underperforming markets, like Florida, Arizona, Nevada, and California. What are you doing when the subject's subdivision is increasing in value, but everything in the else in the area is declinin...
Hello all!             I'm starting a new appraisal organization; it will be called National Association of Broke Appraisers (NABA). Unlike other Appraisal organizations, the fee will only be $50.00 for a life time membership. And you say what do I get for my $50.00?  You get to put the NABA desi...
A fellow Appraiser I work with called me earlier today, to ask if I was a Flagstar approved appraiser. I said I was and check my status about 4 months ago and was still active. He stated the last time he checked he was approved, and he had a report he wrote and Flagstar would not accept it, stati...
This is a question to all the Appraisers on Active Rain. Are any of you signed up with NVS co-op, the Appraisal Co-op, and are you getting any orders? I thinking about joining, but with the way times are, I'm trying to spend my money as wisely as possible.
REALTOR'S, WHO'S DOING YOUR APPRAISAL!       In today's climate of HVCC and FHA loans, I've been hearing the horror stories form realtors, about bad appraisals. Do you know who's doing the appraisal?  Is the person a certified appraiser, or a trainee? Did you know that trainee's can not work FHA ...
The Joke of the Day.   I met a realtor out at a home, I had to appraiser. So while I was talking to him, as I was doing my inspection (yes appraiser can still talk to realtors), he asked me if I liked working out of the appraisal pool. I said what pool? I was thinking he was talking about the ces...
This is a note for my fellow appraisers, and to anyone else under a tremendous amount of stress. I hope this post will also help, the people sitting on the sidelines, that just read the blogs, but are to afraid to write one, or post a comment. Because if you're too afraid to post to a blog, you m...

Michael Zollo

Certified Residential Appraiser, South Florida, FH
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