They will find someone to do it using one of those photo taking services for $8 a pic $40-maybe $48) Rest goes to the low-baller for doing what turns out to be a “hybrid” wearing drive by clothing.

I know. Truth. They want to reduce the vendors volume by substantial amounts, then continue to claim volume discounts for singles. Um… Fail. Surfing the job boards lately, this industry really went down the tubes.

Seek the truth.

One button instant mortgages. No agent, no appraiser, no advisor, just you and the trusted lender. Look you’re done! Trust us, we’re here for the consumers best interest… They no longer laugh all the way to the bank, they do the laughing at the bank. Reasons to choose credit unions instead. I do not want or appreciate ‘fast mortgage process’ when I am the consumer. If you don’t give the consumer time to think, they are less likely to have critical concerns and form intelligent questions.

The list of contributing authors is front and center. I had hoped people more knowledgeable than I, or with more time would identify their revolving door memberships. Surely they are insiders whom seek to benefit.

The truth is these activities happen regardless of whom is in office. The majority of legislation on the floors of governance is written by the companies supposedly being legislated. Swapping the politician does not seem to have any effect. Left wing right wing, what if I told you they are both wings on the same bird. This is the lesson Ron Paul constantly reiterates, the way decisions are controlled primarily for money and power, not principals and liberty. It is important to know that the corporate welfare dwarfs regular poor persons welfare, even though fewer individuals get money, they get a lot of it. If one is upset about the corporate control in governance, regardless of political leanings, the solution remains the same, audit the fed, and do our best to provide better financial education to regular consumers.

The ASA letter brings hope. Will they listen?

I did not dare read the whole treasurer’s report, but perhaps will go back and skim more of it. So what of it? Are these treasury reports common, do they come out frequently, are they taken seriously?

As always, consumers drive the markets, and hopefully one day we’ll have better informed consumers. We need to provide financial education to the modern citizens whom are dealing with absence of financial education through all primary schooling, as well as maintaining a steady course that liberty and justice for all are more important ideals than special interest favors and self asking regulatory proposals. If people stopped borrowing so much, these corporations would not be this influential.

This is not about real estate appraisals, it is about the complete elimination of consumer protections; taxpayer privacy in virtually all areas! They envision reduced (read elimination) of do not call protections; financial sharing of data with much greater ease between IRS and banks (which frankly should have ZERO access to IRS even now).

They are suggesting data sharing of all your personal financial information online by and through Fintech data aggregators!

Now WHERE have I heard that “data aggregator” term again???

Anyone here comfortable with the idea that Corelogic could not only provide more or less incorrect specific property transaction data and characteristics about your house but ALSO incorporate your credit file and financial data for customers all in one unauthorized package? How about having that same data entrusted to low cost, low integrity virtual assistant providers over in India for marketing outside of what they were hired for?

You apply for a loan and a high integrity company like (for example only) AMROCK cuts costs by having all the work sub contracted to the Sub Continent? They in turn sell your IRS data; savings account data (type like CDs held or 401K / SEP IRA choices etc, amounts and where) to Ford Motor Credit Corp who now begs you to buy their products via pre approval, right along with General Motors and Honda; and the other party they sell to is that Prince over in Nigeria that’s been trying to send you the five hundred million windfall for years if you would ONLY give them your checking account numbers.

Mnuchin than talks about cyber security and protection as if it is a real thing. The agency that cant stop cyber fraud associated with tax returns; and the government that routinely gets hacked in social security and the Pentagon is seriously talking about cyber security?

Then again, he also talks about ‘machine learning’ and artificial intelligence (AI) as if THEY exist! Has anyone told him yet that machines don’t actually ‘learn’ and that artificial intelligence only exists in science fiction books and movies?

They aren’t real yet Steve! Both concepts encompassed by the false euphemisms are only as  good as the human programmers algorithms you propose surrendering too many responsibilities to by too few people, in the IT world.

The same hucksters that brought bitcoin and bifurcated hybrid ‘appraisals’.

Make no mistake, these proposals are not about alleged CFPB over reaches among different political philosophies; it is the wholesale sell out of ALL consumer and right to privacy laws in America today!

YOU PAY for your VOLUNTARY digital online presence each month. Treasury would let you pay for the privilege of being spammed without limit or robo called without end. They also don’t merely propose discussions on these issues; they propose having Treasury take a leading, facilitating these changes and far more!

States Rights also disappear. I’m no fan of states regulating federal law implementation but what’s proposed goes far beyond that. States enforcement of individual state laws will disappear and be replaced by a burden to enforce all federal financial laws (pro business and anti consumer in nature).

Regular readers know I am a registered Republican. I’m also a Trump supporter or have been up through every single travail and charge leveled against him, but Treasury’s proposal is SO bad that the author of the plan needs to be pushed out!

It’s not merely one or two ill conceived but forgivable ideas by a bureaucrat.

The 222 Page proposal is a blue print for the complete wholesale destruction of every consumer protection ever codified into law; coupled with giving control of all our personal financial information to private aggregators like CoreLogic and four others.

That Mnuchin would even propose such a thinly veiled wholesale elimination of taxpayer and consumer right is not something that can or should be overlooked.

I will NOT CONTINUE to support a political party that espouses the things contained in the 222 page fairy tale of reform. Before reading this report, I could not envision a plausible circumstance in which my support for Present Trump would waiver.

Mnuchin managed to create one. (this is an example of how serious I think the issue is as one who til now has been an Administration supporter and advocate. – not an invitation to side track into partisan issues – please!)

My favorite line in the whole report? It’s the one about us needing “to facilitate RESPONSIBLE EXPERIMENTATION by financial institutions!.” Secretary Mnuchin, it was long term and presently ongoing irresponsible experimentation by financial institutions that necessitated the very regulations you seek to undo.

President Trump, the only sensible solution is to (1) take the 222 page Treasury Department Report and put it in that circular file somewhere on the floor by your desk, and (2) Tell Secretary Mnuchin “You’re FIRED!”.

…or with great regret, those of us who supported you through everything right up until today, & to drain the swamp, will have to find someone else.

ASA is right in almost all that they said EXCEPT the following:

1. There are NO circumstances in which AVMs are ‘usually credibly reliable’ in the real world. None. There are only circumstances in which they are coincidentally within a 10%+- range, SOME OF THE TIME!

2. Hybrids are never reliable. Not ever. There is not one case in which a hybrid being performed in the time frames most often cited and for the fees cited, is USPAP compliant. NOT ONE!

This is not a case in which a public letter addressed to no one in particular is an efficient way to get Treasury’s attention; or that of the Trump Administration. We need to find the names of the people and specific agencies involved and then develop a targeted campaign to change minds.

I’ll dig into the Treasury report and urge others to do the same. Then every single one of us should take the ASA points and write letters to; or seek meetings with specific government employees.

Other than that, it is time for ALL of us to modify our positions to that of becoming consumer & taxpayer advocates. If the government no longer believes in FIRREA then it is up to us to let consumers know when they have been taken advantage of in a purchase of loan transaction that is or was dependent on property value.

It could be a windfall for attorneys, and it may be the only appraising work left related to lending. Lawsuits.

MAYBE it is time for the AI to finally abandon it’s self serving ‘alternative valuation’ platform and start redirecting their efforts to preserving, rather than destroying the appraisal profession.

Make no mistake. THIS Treasury Department proposal if adopted; coupled with MISMO’s avowed position of turning ALL appraisals into automated processes WILL spell the end of the appraisal profession as we know it. Both residential AND commercial.

A little research is highly likely to find the billion and a half dollar a year revenue producer CoreLogic involved in this proposal somewhere.