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Dan Wilson, RAA commented on Steven W. Owen's blog post 'MBA 3rd Q Report for Commercial and Multifamily'

I would like to see some of goverment assistance go to help them self enforce the rules we have in place and make sure the rules are good for all to start out with.

1 hour ago

Dan Wilson, RAA commented on Steven W. Owen's blog post 'AMC Fraud Problems'

It is a shame that we are always shutting the barn door after the mules/horses get out. I hope that MAAC is moving on this because it is very important to us all. Steve thanks for the info.

1 hour ago

Steven W. Owen added 2 blog posts

6 hours ago

Steven W. Owen replied to Dan Wilson, RAA's discussion 'NAR Announces Realtors Property Resource'

"The question is, what type of DATA it will be?" Exactly. That is the question any appraiser would have. Is the data going to operate as a kind of nationwide MLS? Will it act as a resource to aid those appraisers who work with complex properties in…

7 hours ago

Steven W. Owen replied to Dan Wilson, RAA's discussion 'Property is a single family in a Light manufacturing area'

That's a good question, Dan. I'm not certain I have the answer, other than... it depends. Here is my thought on it. Not only can an appraiser determine H&B for such a property, but it is a requirement. I once saw a situation where a residential app…

7 hours ago

Steven W. Owen replied to Dan Wilson, RAA's discussion 'New Home Appraisal Rules Rankle Industry Posted by NPR'

Terrible story that does not start to tell the truth because it does not dwell upon the underlying problem... comp checks and pressure by mortgage brokers and real estate agents before HVCC went into effect. Fortunately, however, the listeners were…

on Monday

Steven W. Owen replied to Dan Wilson, RAA's discussion 'The Low Appraisal'

Overall, an excellent video. However, I am going to nitpick a few of the points in it. "The purpose is to prevent this mortgage crisis we're in. In my opinion, this crisis is not the result of too high appraisals over the last few years, it's too…

November 16

Steven W. Owen replied to Dan Wilson, RAA's discussion 'Geographic Competency'

If you rewrote #11 (non-Fannie job) and left out the part about having experience in the area and then, if the access you have (#12) is by means of contacting other appraisers and Realtors who themselves have access, would you think it might be poss…

November 16

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Jasper County, Missouri

Steven W. Owen's Blog

AMC Fraud Problems

The main thing in this first one seems to revolve around AMC's doing the same dirty deeds that mortgage brokers used to do when they were doing the ordering.

http://www.fraudproblem.com/updates/2009/12/8/amcs-in-legal-troubleagain.html

It's nice to see that someone in authority somewhere is paying attention. But, of course, the fine was a slap on the wrist. Don't do it again, you bad boys.

Still, it lo… Continue

Posted on December 9, 2009 at 11:55am — 1 Comment

MBA 3rd Q Report for Commercial and Multifamily

http://www.mortgagebankers.org/files/Research/CommercialNDR/3Q09CommercialNDR.pdf

From the report:

"Delinquency rates continued to increase in the third quarter for most commercial/multifamily mortgage investor groups...."

And yet, when I mentioned that it's a hard time to be in the rental business to a retired banker who owns some duplexes and apartments the other day, he raised his eyebrows. To t… Continue

Posted on December 9, 2009 at 11:47am — 1 Comment