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Real estate and appraisal education

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firrea

Mortgage Brokers – You’ve Been Set Up

Richard Hagar SRA Free Articles December 12, 2017January 5, 2018banking, firrea, mortgage brokers, set up
Mortgage Brokers – You’ve Been Set Up

People, loans, and money are seeking out and moving toward quality.  To survive in this market, you need to understand this fundamental shift.

Mortgage brokers, you were set up to be the “fall guys” the “patsy” in the next “S&L Bail out.”  Having mortgage brokers blamed for our mortgage mess was planned about fifteen …

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Why the Client is Separate from Everyone Else

Richard Hagar SRA Free Articles December 12, 2017January 5, 2018appraiser, bailout, bank, firrea, retort
Why the Client is Separate from Everyone Else

Those who do not remember the past are doomed to relive its failures.

FIRREA, and to a certain degree USPAP, came about due to the failures, within the banking and appraisal systems, that lead to the S&L Bailout of ‘80s.

Definitions that we use today for client, intended user, confidentiality and, “scope of work” …

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