What is a predominant value? Is it the median, the mode, or the mean? Or could the predominant value possibly be the geometric mean or weighted mean? As it turns out, there are a couple dozen different ways to calculate a measure of center in data analytics. None of them are called ‘predominant’. Certainly our […]
We’ve heard that Fannie and Freddie are developing new forms. So, what might the next 1004 form look like? Will it require three comps, two listings, and a pending? Will it require a full data download, or a description of search parameters? Will it still even be designed to fit on 8 ½ inch paper? […]
Hybrid Appraisal, Part VI Is it possible that Lo-Brid or even No-Brid appraisals could be even faster and more cheaper? Hybrid appraisals have been hyped as being a “modernization” of the appraisal process. While the appraiser still fills out the “Fannie Mae” form, the actual property visit is done by another person (with as yet […]
Fannie Mae’s Director of Collateral Policy, Lyle Radke, spoke at the Housing Wire conference this week. The audience was mostly non-appraisers. They laughed when he said: “Appraisers see their job as an art form. It’s hard for them to rigorously explain exactly what they’re doing.” For the record, what we do at Valuemetrics.info is exactly […]