Statistical is the second “method” mentioned in the Fannie Mae Guideline for time adjustments. Editor’s Note: Read the entire series (so far) here. What does that mean? Is it an actual “acceptable” method? It says so. It must be! Let’s look. The Fannie Mae Guidelines do not explain the word, nor the process. We must look […]
In this part, we look at modeling, the third “acceptable method.” What kind of a method is “modeling”? That’s pretty broad. Editor’s Note: Read the entire series (so far) here. A common definition of “model” is “a small representation of something.” More formally, it’s “an abstract/logical depiction to improve understanding of prediction.” The Fannie Mae GSE […]
Paired sales is the fourth of five “acceptable” methods for time adjustments, according to the Fannie Mae selling guide. Once again, the method is neither defined nor explained. Editor’s Note: Read the entire series (so far) here. A look at USPAP shows no reference to grouped or “paired sales” as a way to support an opinion […]