In this issue I talk about a few things that are bugging me:

  • the 70% Fannie Mae condo new development guideline and why that is really bad for housing, especially now that the agency is a federal institution

  • I speak to the unregulated appraisal management industry and why that is going to create problems for real estate agents and lenders

  • the Cuomo-Fannie Mae agreement that begins on May 1

  • the $39 suit story parallel with the national economy.  Hint: it’s all about confidence.

It was fun for me to do – hopefully it’s helpful to you. I’ll figure out a regular release schedule soon. In the meantime, be sure to subscribe through iTunes or via RSS using the links below.

[podcast format=”video” width=”300″ height=”18″]https://www.millersamuel.com/wp-content/uploads/oldimages/podcasts/2009.03.22-the-housing-helix-podcast-catch-22.m4a[/podcast]

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One Response to “Catch-22: Fannie Mae, AMCs and a $39 suit”

  1. Julia says:

    wow, so as it is right now the appraisal process per se reinforces the cycle, both on the upside and on the downside. it reminds me of soros idea of reflexivity, in which using an asset as a collateral reinforces its own price trend. hence bubbles mushroom.

    which suit store was that?

    BTW, i can hear ANYTHING about the appraisal process, from minutiae to the big picture (like you did this time).