That’s something else. Found at least one interview where this was mentioned.

https://thehill.com/business/5382041-pulte-powell-fed-congress-investigation/

Question; If the whole world is in debt, to whom are we indebted? That line is from ‘adventures of the guy whom just started paying attention’ cartoon series.

https://forum.policiesforpeople.com/t/do-away-with-gsa-fanniemae-and-freddie-mac/22148/2

Pray Hard or anyone else. Do me a favor and upvote this thread in policies for people website. Create an account if you need to. This goes directly to RFK and Trump. I meant to move on this last year but have been busy. Better late than never, please upvote or take a minute to participate at this site as well.

I’ve found that in almost 43 years of doing this that, if I see a problem, it’s typically worse than what I perceived as evidenced by inspections that I called for by engineers and or home inspectors. I’ve had, I think, over a thousand hours of inspection and property insurance adjusting education, not from appraiser educators, but from international engineering firms and from actual home inspectors. That means that I know a lot, but my state does not allow appraisers to act as home inspectors. Furthermore, I don’t want to. Secondly, I used to be FHA certified. I found that the more I tried to adhere to FHA regulations and standards, the more grief I got from lenders with little help from FHA. FHA used to have that hot line for questions, but it went away. Thirdly, no lender or GSE wants to see or hear anything negative about the condition of a house. Thus, there’s enormous pressure to gloss over, hide, not mention, deny, etc., problems with a house. Thus, I quit doing FHA’s. My procedure for many years has been to photograph and discuss everything that I see whether I perceive it as a value affecting problem or not. Then sometimes I recommend an inspection and repairs or state my reasons for not recommending an inspection and repairs. However, I suggest an inspection by a licensed professional real estate inspector and or engineer on every appraisal I do, even on new houses, sometimes especially on new houses, after I read comments about the builder on the Internet. I also suggest that every appraiser take classes from schools that teach property inspections, not from appraisal education schools. I also suggest taking property insurance adjusting classes from Haag Engineering (if there’s one near you) or some other expert engineering firm that provides such classes. Most teach everything relating to water, wind, lightning, electrical, mold, structural and earthquake damage, etc. No lender or AMC will give a rat’s that you have this knowledge, but it will open your eyes to how much you don’t know. Other excellent sources of useful property damage education are Simpson Strong Tie and UT Arlington used to have the Clawson-Matthys Building Professional Institute. It was excellent, but I don’t know if they still have it. The Building Professional Institute is still functioning, however.

“William J. Pulte, Director of the U.S. housing regulator (FHFA), urges Congress to investigate Federal Reserve Chairman Jerome Powell, alleging that he made false statements about a $2.5 billion renovation project and is guilty of serious misconduct.” Fannie and Freddie are part of this statement by Pulte.

Hi Debbie,
Sporjo@aol.com need for an appraiser trainer. All state and appraisal classes completed.
Thanks

HUD updated requirements.
https://www.hud.gov/sites/dfiles/OCHCO/documents/2025-18hsgml.pdf?utm_medium=email&utm_source=govdelivery
https://www.hud.gov/news/hud-no-25-086?utm_medium=email&utm_source=govdelivery
Well, if this is the ‘sweeping change’ from HUD, don’t expect to much from the gse’s.

The appraisal industry hoped for more. This is all hud offered the appraisal industry. Same old tired ‘to save buyers money and unnecessary burdens to become home owners.’ That and everyone can build in flood zones now. That ought to end up really nice. Rubber stamp everything, ‘to help the home owner’. The programs now are all about reduced front end costs and entry standard requirements. As long as we can get the people into those homes, they’ll all magically make it work and nobody needs to worry about affordability challenges or property condition requirements after the fact.

This long after regulatory structure reform from decades past, it would appear that nobody involved with policy setting has any clear understanding why a robust appraisal requirement was in place to begin with, and subsequently chips away at the programs until there is virtually nothing left. Which is where we are today, as TAF failed in it’s duty time and time again. Only fitting we find out amc’s have been directing TAF management this entire time. That figures.

Privatization of gse’s won’t change a thing, not until a monumental taxpayer backstop bill comes due. The avm final rule combined with the apparent sanctioning of investor speculation in residential. Permanent higher housing pricing for everyone. Forever. ‘Appraisal modernization’. Unless you’re an insider with institutional money, then you can pick the holdings out from upstream or auction at sweetheart pricing. The program managers say; if only the service fees to buy a home were lower, people could afford these houses.

The lending system is so complex, people looking from the outside in have no idea the entire structural stability of the system, layer upon layer of safeguards, their operational worth all hinged on the full service independent appraisers presence. Now that the appraisers are gone, anything goes, speculators have already flooded the market and they’re here to stay. (image) It was the full service appraisers presence that deterred fraud before the fraud could ever take root.

i should have said, hopefully the 2 giants go back to being private and things maybe would change for the better….i suppose i’m feeling a little optimistic for, yes, that reason and it’s carrying over…

What does this mean for the disbanding of the CFPB, and the original intent of the C&R billing rule and associated $10k/$20k daily recurrent fines for lenders or agents of lenders (amc’s) failure to pay market rate fees (VA fee table rate) to appraisers…

Wasn’t this the feature of an article on this blogs previously? If so please copy paste the link as a post for reference. Name the amc and lender involved if memory serves correctly. They lied to this borrower, concealed facts about the home, refused to take accountability, and the amc shut the lady down and stuck her with the bill and a judge said because the listing was ‘as is’, she had no recourse. So apparently all the FHA rules and appraisal rules for origination did not apply. Who knew. I think that’s the same story from a few years back. Debbie post the link to the original article if that was yours. If this is a new issue and you have not had a featured article here, please clarify that too so we can know.

Wow Debbie, that’s horrible.

Did you get an inspection? If so, what did it say? The inspection would have most likely showed the defects prior to purchase, and maybe you would’ve bought another house. The problem with FHA is they are trying to make the appraiser a home inspector, which we definitely are not. Your agent and lender most likely had you sign a waiver or disclosure with regards to a home inspection.

When a loan goes into default/foreclosure, the first place the lender looks to assign blame is the appraisal. Was the house over- valued, under-valued, appropriate comparable sales used, appropriate methodology and adjustments applied, ect? The ‘system’ doesn’t protect appraisers. HUD/FHA are riddled with problems, and protecting themselves is their highest priority. A little bit of research would probably give you the recourse you are seeking…

It’s horrible that your agent sold you a crap house.
It’s horrible you didn’t do your own due diligence when buying your home.
It’s horrible you blame appraisers carte blanche for your problems.

But hey who gives a shit surely not FHA and Im told it would cost me near 100k in attorney fees to go after everyone involved. The option I have you ask? I was told I could just walk away from the house….destroy my credit and lose everything.

I have no words for how shitty the system built to protect you is. It sucks and as a consumer you have no recourse

Sounds like they’re watching too much late night Cinemax. We’ve all been there. Maybe they live in one of those big cities. You never know.

Educate me. How will anything change if the gse’s are privatized? I’m missing the point because all this disclosure is already present. And nothing happens, the investors still support the products and approach, are actively invested in real time right now. With the privatization with a promise of a continuing taxpayer back stop, I’m not understanding how anything would change.

You’re most likely being messaged by some lender or amc’s AI robot. And such peramiters were coded into the program. That or a political activist reviewer.

Go to google patents and enter in the names of major lenders, gse’s, or even the companies you work with or purchase products from. You’ll find much more than you bargained for. This one patented software provides a distinct counter to the PAVE task force narrative on who’s biased and who’s not. And there are a thousand others just like it. Social credit scoring is already here.

I got a revision from a now former AMC client a while back;

1004_05UAD – REPORT – Fair Lending – Comments in the report contain (AMERICAN) which could be a violation of fair lending practices. Please revise these comments so that there is no risk of fair lending violations

Apparently now the word “American’ is offensive and cannot be used in the appraisal, even when it’s it the lenders name.