Fannie Mae continues its attack on your home's value.
In the latest posting from Fannie Mae on "modernizing valuation," FNMA continues to push forward with policies that jeopardize your home's value. FNMA envisions a world where an independent third party values a property in the most complex of instances - all others will use an algorithm or a loan officer who is an interested party.
What does this mean for you? It means your neighbor can purchase/refinance their home with higher and higher debt to income ratios, becoming upside down on their mortgage quicker, and increases foreclosures in your neighborhood.
FNMA continues their decade-long march toward an economic collapse that appraisers have resited.