What are your thoughts on these recent activities in the lending industry? Will it effect the industry in a negative or positive manner?Describe the three approaches to value and give examples of the property type for which each would be most applicable.

What are your thoughts on these recent activities in the lending industry? Will it effect the industry in a negative or positive manner?Describe the three approaches to value and give examples of the property type for which each would be most applicable.
In late 2018, the administration’s top financial regulators — the Federal Deposit Insurance Corp., the Federal Reserve and the Treasury Department’s Office of the Comptroller of the Currency — issued a joint proposal that would make traditional appraisals unnecessary for many new mortgages originated for less than $400,000. (the current limit is $250,000) FNMA and FHLMC are also increasing the amount of times they give an appraisal waiver on home loans (as much as 40%) whereby the lender does not need to order a real estate appraisal on a home loan.
What are your thoughts on these recent activities in the lending industry? Will it effect the industry in a negative or positive manner?Describe the three approaches to value and give examples of the property type for which each would be most applicable.