(silence in a dimly lit alley, the moon glimpses from behind stormy clouds, lightning flashes, disconcerting sounds echo ominously from distant locations, thunder claps.)

(taps microphone repeatedly) Hello? Hello? Is this thing turned on?

https://appraisersblogs.com/class-valuation-brags-about-maximizing-rov-conversion-rates/#comment-44718

“FHA has done a phenomenal job at increasing housing affordability.”

The new game in town; Move people on lower rates to higher rates with loan mods to cover arrears, or if they’re on higher rate programs, keep them tied up with delays and cost tacking on the back end for meager savings just enough to keep them paying and not walking away.

Your article appeared to be the talking heads influencing an opinion that higher rates will hurt the market and the people. If we slow everything way down and force people to be actually more responsible, limit their access to credit over the longer term, they’ll stop being so credit reliant, save more, and make more responsible decisions. Subsequently lower turnover volume, a decreased acceleration of pricing.

You won’t hear lenders saying radical things like it may be better to wait and save, take less credit, be more responsible. When they say affordable housing what they’re really projecting is just barely affordable loans for the highest possible tolerance of peak home pricing.

I’ve got ‘affordable housing’ in the suburbs on a decent home with a quarter acre lot, privacy, a garage, no hoa. We did not need to select a condo, townhome, or some high density housing situation to get there. The life hack to affordable housing is to always pay down and never borrow more. ‘Affordable housing’. They should give that a rest. How about better financial education for the people on the dangers of debt, the benefits of saving, avoiding the traps of welfare systems.

Current status of GSE managers; Tap dancing on a bubble; cigar and whiskey in hand. It’s going to be more than a decade before the refinance market lights up again. They went too low with negative rates for too long. Pushed too many subsidies. Drove housing costs too high. You know what is going to stick around; Higher taxes.

Retired can you go round two and record the conversation?

There was a local CO news article last night; IRS under performing workers and an array of new probationary hires being walked out the building. Camera’s everywhere recording them walking out. Interviews; No severance no subsidy, just fired, we worked so hard! The people are going to wait forever now.

Me; Those are the people handling my taxes? Whom had better job opportunities than me? They can barely speak english and are dressed like they just got out of bed. I really should have gotten those late taxes done last year. Who knows how long I’ll wait this time…

Thanks. Those are complicated questions. First off the concept of cost of money adjustments does not work in real estate, because that’s where the strategy comes in. The concept of smart money vs costly money. Otherwise people could borrow their way to success with no skin in the game. And responsible people with substantial equity and low debt profiles could not be rewarded with increased mobility or rewarded opportunity through hard work and responsible debt management and debt avoidance. Which is a negative condition similar to what happens with stimulus and incentives, responsible people are wedged out by aggressive competition relying on debt and subsidy, artificially low costs of money. Politicians call this economic stimulus. Economists whom know what they’re doing like Mises call this artificial market inflation and over valuation.

Consider the opposite; How did the pricing get this high in the first place? The trends of the market. The availability of credit. The value of the dollar. Give it time, the ebb and flow of the pricing will follow the value.

This touches on the gold standard argument. There was an interesting statement the other day via a talk show caller. The topic being discussed was doge demanding an audit of fort knox to see if the gold was still there. The callers counter; What does it matter, we clear through that much gold in terms of government expenditures on a yearly basis and then some. A true gold standard would probably mean one of two things; Gold would have to have an equivalent jump such as moving to 50k-100k an ounce, the relative balance against fiat spending. Or the money supply would need to be diminished to the point the relative value of gold once again at least loosely aligned with the dollar. In all likely probabilities the value of gold will rise instead, kick the can down the road another day.

Really wished I could have afforded investments like that, but I’m only a residential appraiser, lucky to get by check to check. Got a quote for hardwood installation in my ranch house, approx 800 or so sq ft worth for most areas but not all. Over $30k. For standard oak with stain full plank… The economic pressures can not be answered with stimulus. Really glad to see audits finally happen. Nobody dares answer the question; what exactly is wrong with low prices? I thought in times of economic prosperity, things cost less, not more. The prosperity through debt program plays on.

The most responsible among us are consistently disregarded and penalized by the never ending political play to buy constituent favor with stimulus and free money. Honk, if I’m still paying your PPP loans, your student loans, your wildly over inflated home values loan subsidies and modification write downs, your original mortgage, your ebt food benefits, free college for illegal migrants, corporate welfare, funding the military, etc, etc. Our entire lives; Taxation without representation.

what do you think is going to happen when appraisers keep standardizing the mailing address…their forms, their rules, appraisers lose…

Image of his statement. Thanks.

https://subscriber.politicopro.com/article/2025/02/calabria-hired-for-white-house-budget-office-detailed-to-cfpb-00205065

That being said, considering he said the following about expanded eligibility for appraisal waivers, is there hope the plug will be pulled?

https://x.com/MarkCalabria/status/1851039452900012099

And.

https://www.workingre.com/fhfas-massive-expansion-of-appraisal-waivers-what-it-really-means/

Seek the truth.

Wells Fargo’s Vikram Rai on the privatization of Fannie Mae and Freddie Mac

https://www.cnbc.com/video/2025/02/19/wells-fargos-vikram-rai-on-the-privatization-of-fannie-mae-and-freddie-mac.html

the banksters call it affordable housing…

Well said as usual Bags – but remember they are only just “considering” any refunds. It’s far from a done deal. And if the $ regains it’s value – how does the Real Estate industry adjust “market values” when suddenly it takes less $’s to buy a home rather than the current e$0.42 value? Is FNMA gonna start requiring “cost of a $ time adjustments”. Asking for a friend 😉

855 411-2372 a bit of work getting past the automated junk

ASC? Have you ever read through the ASC website and read their own rules and regulations?

https://appraisersblogs.com/appraisers-freed-from-dei-propaganda/comment-page-2/#comment-44510

Is that one of the people responsible for HUD complaints against appraisers? Related.
https://appraisersblogs.com/appraisers-freed-from-dei-propaganda/comment-page-2/#comment-44603

Retired, what a shake up right? It’s going to take years for everything to play out. Never thought I’d see the day that anyone dared try and reign in the waste and abuse. Absolutely remarkable. As usual, the small business appraisers will be an after thought nobody pays much attention to. Nobody is going to care about the sacrifices the appraisers made to protect the consumers, and only consumers will get any benefit of class action suits. The real kicker will be if all the appraisers whom crossed the amc boycott picket line all these years, those whom facilitated the the consumer harm by agreeing to scope of work terms to conceal their true fee from consumers get retroactive back pay.

Shutting down the cfpb also comes with the automatic re implementation of the DF reg Z C&R rule though right? The cfpb was the primary reason most appraisers ended up walking away, as the cfpb group provided the safe harbor rule which allowed an appraisers acceptance of a fee to indicate that was a fair market fee. Rather than having to pay minimum fees based on fee surveys which as DF reg Z specifically prescribed; were not to include amc fees, or use the VA standard fee schedules.

By the time anyones phones ring again, new forms will be out. Waivers expansion already happened. Many appraisers have already effectively retired even if they retain active licenses. The avm final rule rushed into place in anticipation of a political shift. And now we’re hearing talk of a $5k DOGE refund check. What was the point of saving any money and trimming the budget if they’ll just turn around and give that amount out freely to everyone like some massive welfare subsidy? Can we have lower taxes and an increased value of the dollar instead? Prosperity through debt. Central planning never works.

Here comes all the beggars with their hands out. Oh government, you saved so much money, can we have some of that savings for free ourselves instead? Ron Pauls economic theories win again. The government is not capable of producing anything of value. Their only claim to fame is the ability to distribute other peoples money to an ever shifting landscape of special interests and favored constituents. Creating more dependency, while fewer and fewer people bother to save. ‘Don’t steal. The government hates competition.’

Strengthening Appraisal Oversight: Progress at the Appraisal Subcommittee
ASC implements new oversight measures including hearings, rulemaking, and updates to monitoring policies.

By Zixta Q. Martinez – JAN 17, 2025
Share & print

I am very pleased to provide this informal report on the progress made by the Appraisal Subcommittee (ASC) since I became Chair. Before detailing our successes, I would like to acknowledge and thank Jim Park, whose tenure as ASC Executive Director just ended on January 1, 2025. I want to express my gratitude for his service to the ASC for more than 15 years.

When I assumed the Chair of the ASC on April 1, 2022, I set several priorities:

Collaborating with all stakeholders to ensure appraisals are performed accurately and without bias and to promote a qualified, diverse, and plentiful universe of appraisers across the country;
Completing the required Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) rulemakings and actions, especially the one related to creating a system of prompt corrective action for the oversight of state appraisal regulatory agencies;
Improving oversight and accountability of The Appraisal Foundation (TAF or Foundation) and State appraiser and appraisal management company (AMC) regulatory programs;
Improving ASC governance and accountability; and
Ensuring appropriate and adequate ASC staffing to effectively discharge agency responsibilities and adapt to enhanced expectations and regulatory changes.

https://www.consumerfinance.gov/about-us/blog/strengthening-appraisal-oversight-progress-at-the-appraisal-subcommittee/

bye bye zixta….and bye bye park

Number please? Thanks. Just want to make sure I hopefully reach the same person.

The young can’t process the fact they are and have created built-in obsolescence for their livelihood. They don’t understand life could be so much better if they weren’t pricing themselves out of existence for the quick buck. Talk to the old bucks (inclusive of women) in this business before they go the way of the Edsel and you youngins are left holding the bag.

You are absolutely right. If you’ve spoken to a AMC almighty, unflawed, arrogant “CHIEF” appraiser you may get the distinct impression they are advocates for the lender. Hey, wait one minute. That can’t be true though because everything says they need to be impartial so I must be wrong. I guess I misunderstood the distain in their voices and the direction they wanted me to go. I know one in particular that needs be thrown under the bus. Time for accountability,