*G* Clearly Wayne doesn’t mean AGA!

Wayne, thank you for the kind words.

Every day I tend to agree more and more with the uphill battle part. Then I remember that as a former Marine, I’m supposed to be ‘ok’ with uphill battles. We make do with what we have -not necessarily what we want or need.

Anyway, absolutely agree re ‘Corporate America’ comment. Add in most, if not all of our Congress from both Senate and House. Some isolated exceptions but most either don’t care or encourage the weaknesses in the financial system for their own gain.

There is a reason Congress has such a low approval rating among Americans from both parties and independents; THEY EARNED IT!

Right now (literally in past week) the financial regulatory system is akin to that partisan political car that was “driven into a ditch.” Yes, Congress hauled it back out and parked it on the side of the hilltop where various self interested parties have been banging and tapping away at it under the pretense of fixing it.

Last week FNMA learned that the car is still insured so IF it goes in the ditch again they are completely covered!

Immediately after learning that, FNMA decided to announce two new policies.

1. Trainees OR ‘unlicensed appraisers’ can now inspect property without supervisors (release the parking brake); even though several states do not allow trainees to inspect property; and some states do not even allow unlicensed individuals to call themselves appraisers (go ahead and slip that transmission into neutral, will ya?), and;

2. From now on any loan with a collateral risk (CU) score of 2.5 or lower is exempt from FNMA post purchase audit/default buy back requirements related to collateral (would ya mind just giving the car a little shove please…just to get it started?).

While we have all been screaming to allow qualified trainees to do the unaccompanied inspections this announcement was premature and with no time given to allow states; appraisers or even TAF/ASB/APB to offer any input. FNMA threw it out there and left the ‘system’ to fend for itself. Right repair technique for the FNMA-appraisal car, but some warning to the guys downhill would have been nice!

As for the 2.5 CU score waivers, what’s the problem FNMA? Not enough loan fraud going on under the current system? You needed to provide direct and significant inducement for loan fraud to be increased dramatically?

Read up on AMCs and their staff that are already telling loan officers HOW to manipulate the appraisal in order to obtain lower CU scores!

Congress, please…no more cash for FNMA clunkers! Cut FNMA loose from conservatorship and let them sink or swim on their own with a new law prohibiting bailing either them or their insurers and reinsurers out for any reason!

Then see if they park the damn thing on a hill with the brake off, out of gear and lean against it!

Why don’t we pay our hard earned money to some pitiful “appraisal” organization to give us a designation? Gee, we could pay our money to attend an EXPO where a group of parasites want to recruit us to be their bitch! Maybe pay for a newsletter or a pitiful coach!  YOU GUYS ARE JUST TOO FUC88Ing funny!  I do not think that I change anything, but we can drink Tequila and enjoy the fun life! Join me and lets go fishing!

How are AMC’s going to make a living without appraisers being chumps to these folks? Oh well,,,after 35 years of this I will just go fishing….Come join me!

Again I want to thank you for what seems to be a completely generous donation of your time and talents to the appraisal profession. My friend…you are facing an uphill battle against corporate America as they do NOT want appraisers to have a seat at the table. They have proven this over and over again! Hundreds of appraisers are dropping out of this “profession” each month.

As you and I have discussed previously (and privately)…I am nearing retirement and agree with you as to the challenges facing our occupation. The same “IDIOTS” that are seeking comments have been provided comments until their wagon is full…..Just not what they want to hear! (They never want to hear anything other than their opinion)

FNMA is a private corporation at this time in receivership by our federal government. Why in the world would any kindergarten teacher give them any interest…much less the appraisal and lender profession? These folks suck and they are a joke and need to be dropped from the federal payroll yesterday!

The appraisal profession most certainly has problems. To give money to appraisal organizations for stupid designations, or to groups for Expos, or more silly to pay for coaches….just too stupid to comment on!

I receive about three requests each day from some AMC wanting me to “help them out” “provide services” “Partner with them”, etc. ($450.00 X 3 = $1,350.00 a day) Personally, I refuse to work with these SOB’s. There really is a problem here with this appraisal profession!

Thank GOD, that I will be retiring from this profession in the near future. Don’t keep butting your head…join me on a fishing trip somewhere and lets wish the AMC appraisers the best!