Two of the Three Little Pigs Would Have Trouble Getting a Loan
Complicating matters, government-backed mortgage-finance giants Fannie Mae and Freddie Mac adopted a new code of conduct for appraisers last spring. In the past, mortgage brokers could call on appraisers who had developed a niche by tracking oddball homes.
Which is another way of saying that the federal government forbade appraisers who were not knowledgeable about a home to get expert help in appraising the home. So if appraisers are not knowledgeable, then no home loan can be made. So everybody who made homes using recycled material, or anything even remotely earth friendly, are being penalized. Which discourages building environmentally friendly homes. Which encourages environmentally unfriendly home construction methods.
So, what do you expect from a government that cares so much about the environment that it is planning on penalizing everyone who breathes?
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