[RSS] Tuesday Morning’s Stuff

Posted by Jonathan J. Miller -Tuesday, September 14, 2010, 5:30 AM
2 Comments

[The Reformed Broker] United States of FIRE

And some other interesting not always housing related stuff that’s been accumulating in my RSS reader…

• [Housing Wire] Analysts see clog in foreclosure pipeline improve, but more delinquencies coming
• [Speaking of Real Estate] REALTOR® Safety Month: Is Your Safety at Risk?
• [Mashable] Amazon Trashes the iPad in New TV Ad
• [Fierce Finance] Goldman Sachs to strip partners of status
• [Daily Intel] Oliver Stone Doesn’t Need to Know What a CDO Is to Know What One Feels Like
• [Gawker] We Will Pay Donald Trump to Shut Up
• [BusinessInsider] Holy Cow, Roubini’s Speech At Google’s Conference Must Have Been The Most Terrifying Thing Ever

2 Responses to “[RSS] Tuesday Morning’s Stuff”

1. Edd Gillespie says:

   September 14, 2010 at 9:08 AM

   I get a feed from American Banker, which is banking magazine (surprise). There is an article (more than one) discussing the Dodd-Frank Act. The telling quote from one banker interviewed is, “”We have no reason to believe they would succeed where others have failed,” said Wayne Abernathy, the executive director of financial institutions policy and regulatory affairs at the American Bankers Association. “There’s nothing in the creation of this that overcomes the bubbles you’ve seen all along. The problem with bubbles is, no one sees it.” My take is the bankers are determined to hide what they do. One odd thought occurred as I read this. If appraisers are allowed to be independent from lender pressure, we may not see the next one coming either. But then, it looks like appraising for home mortgages is going the way of AVMs and BPOs anyway.
   • Jonathan J. Miller says:

     September 15, 2010 at 11:53 AM

     I would say that we don’t and can’t, as an industry, see bubbles. We often see our subject property in a vacuum and our role as appraisers is to estimate market value as of a moment in time. There is no way to communicate this in our reports in a meaningful way since we are merely reflecting market behavior (anticipating what buyers/sellers think will happen), not whether it is a good time to buy or if the bottom has been reached.