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.
Comments