Comments on: Mortgage Disclosure Rule Alters Appraisal Fee Reporting

By: Mike Ford CA AG, SCREA, AGA, GAA, RAA

Mike Ford CA AG, SCREA, AGA, GAA, RAA — Wed, 26 Aug 2015 05:34:03 +0000

Compliments to The AI for doing this lengthy analysis.

” The Appraisal Institute had argued that this fee should be a required disclosure, but the CFPB favored the optional disclosure “because requiring breakouts of such charges to be disclosed in all cases may tend to produce information overload.” ”

CFPB on the other hand should be ashamed of themselves! The absolutely spurious explanation for not breaking out the fees is both insulting to our intelligence; and reinforces the long held belief of the more cynical of consumers and appraisers alike that CFPB has completely capitulated in its responsibilities.

Yet one more Federal Agency (apparently) completely suborned by the very same special interests they were created to protect consumers from!

Yet one more reason appraisers need to join the national scope American Guild of Appraisers (AGA). Contact janbellas@appraisersguild.org

By: Platinum Data Solutions on Facebook

Platinum Data Solutions on Facebook — Fri, 10 Jan 2014 17:53:30 +0000

Information overload from simply disclosing appraisal management fees? That pushed it over the top? Hmmm…

By: Jack Schlenk

Jack Schlenk — Fri, 10 Jan 2014 17:41:33 +0000

My reading today; Fannie Mae and Freddie Uniform Appraisal Dataset Specification, Appendix D Field Specific, Version date: Nov 22 2013, 43 pages.
UCDP Fannie Mae Appraisal Messaging Change Notification, Dec 10,2013; 3 pages.
Fannie Mae Appraiser Quality Monitoring (AQM) FAQs, Jan 6, 2014, 4 pages. Q1, What actions will Fannie Mae take with respect to specific appraisers. Q15, Who can lenders contact with questions about appraiser quality monitoring?

By: Retired Appraiser

Retired Appraiser — Fri, 10 Jan 2014 16:51:00 +0000

Once again they’ve opted for HIDING THE TRUTH via truth & lending laws.

God forbid that appraisers do ANYTHING about this horse ship.
Appraiser group consensus: “Thank you sir may I have another”.