I just was on the phone with one the brokers I do work for, and he was telling me that there has been talk of the Fed dropping the loan to value ratio from 80% to 70%. Did anyone else here this?

That would definetly boost the appraisal industry.

I haven't heard anything about that.

I think the appraisal work is going to increase in the next couple of months here is why:

I do know Pres. Bush is passing a new bill that is helping homeowner's by freezing their interest rates. = these home won't go into foreclosure therfore market will stablize.

The new requirements in CA for appraisers are getting stricter in 2008. = limits the number of new appraiser taking work from the current market.

REO, Foreclosure and Drive By working is increasing. = Conv. Appraisals may be slower but if you concentrate on these types of appraisals you can take advantage of the market crunch.

Just my cents.