This is just one appraisers opinion; The IVPI proposal still stands.

Water water everywhere, not a drop to drink.

The government always fixes things until they’re broke.

Problem is some DumbA** in Government will read it and go HEY!!!

Send this on to Judicial Watch it is perfect!

Missing the IVPI proposal yet?

https://www.workingre.com/wp-content/uploads/2013/08/IVPI-Proposalfinal.pdf

Quick factoid: Some statisticians have stated that the actual minority base currently residing in this country, less than 15% of their ancestors were subject to literal slavery based practices. The vast majority of said populace base actually came after such direct slavery practices were abolished. Of that 15%, a substantial portion whom were subjected to such practices were not of african decent, but rather irish and scottish.
https://www.electricscotland.com/history/other/white_slavery.htm
“Governments have allowed this part of American and British history to be swallowed up. The contemptible black slavery has taken a grip on people associated with American History. Yet, no one will tell of these accountings that are well established on to the middle 1800’s.

Slavery is not something to be proud of but it is a fact that happened to every country, kingdom and empire that has been on this earth. Each of us needs to search our hearts and find the answer to stop racial hatred. One place to begin; realize that the black race was not the only race in the last 400 years that was in bondage.”

Process reference: Judicial Watch recently challenged the constitutionality of race based subsidy programs at the collegiate reference and won the case. Now they’re taking the issue to the supreme court. This could have profound implications regarding ongoing ‘appraisal modernization and reform’ activities. Am I the only appraiser around here whom subscribes to Judicial Watch? If you send them $35 dollars you get the nifty monthly magazine, paper print in the mail. I’ve never written to their constitutional lawyers to look at the appraisal industry but you can feel free to do just that if so inclined. They work pro bono on civil rights issues.
https://www.judicialwatch.org/scotus-race-based-admissions/

We’d all like a vote in TAF appraisal foundation activities from here into the future. These people are not making decisions based on the best interest of all licensed appraisers, but rather continue to pander and sell out to special interest groups and companies whom have shown consistent motivation to exploit appraisers with no regard for our well being or industries working stability.

Here is another factoid I picked up just recently and never knew about, although this makes perfect sense given our newfound enlightenment how these 501c not for profit companies have exploited American industries and culture. In the year 1913, we not only formed the federal reserve, but also laid the framework for non profit companies formation. These companies have been used as instruments to suppress free market enterprise and pander to special insider interests ever since. One can file investigative requests to IRS to see if any given 501c company is actually in compliance with 501c rules in the link below. And there has been substantial 501c3 rule reform so if they’re just riding the gravy train there is a possibility for non compliance.
https://www.cpajournal.com/2020/12/09/a-century-of-not-for-profit-accounting/
https://www.irs.gov/charities-non-profits/irs-complaint-process-tax-exempt-organizations

You know TAF, FNMA, REVAA, now that we don’t have anything better to do since your groups have hijacked then offloaded our career paths… Let’s focus on your compliance with complex rules instead of the focus always being on us. We’ve had enough and request a complete leadership change. If we can get your non profit status revoked, that’s probably going to be best for everyone in the long run.

If appraisers are racist, that’ means REVAA amc management group has specifically focused company creation around racist behavior, further exploiting vulnerable populaces. If appraisers are racist it means TAF has no credibility and no longer serves a useful purpose. If appraisers are racist that means FNMA has been the primary influence to this end, being they set all the rules and framework for nearly the complete mortgage industry. These people are playing a dangerous game but the razor cuts on either side.

Appraisers need an advocate. We want; full fee work, full spectrum of duties assigned to licensed individuals and nobody else, substantial reductions in outsourcing allowances, separated billing practices to protect us from predatory amc companies, and some sensible defense posturing against these absurd appraisers are racist claims. It’s probably an even better idea to wind down FNMA all together and just get the government out of lending, out of insurance services, and just out of our business and personal lives in general.

Regardless if this is a sell out, a calamity of errs, or straight up conspiracy, that’s rather inconsequential from the appraisers perspective. Because given this long train of abuses and consistent denial to effectively manage such obvious issues which could have been so easily managed with more fairly balanced effective approaches, we can speculate with near certainty they’re all in cahoots. FNMA & TAF leadership is clearly either not qualified for the job or derelict in their duty. Over the last decade they’ve successfully wasted a million man hours and squandered billions of dollars because they could not simply separate appraisers fees from third party appraisal management fees, which was the original intention of dodd frank reg z C&R rules, to rectify the destructive influence of these two improperly co mingled fees for completely separate services.
You have earned one free lawn mowing voucher. (restrictions apply, see voucher details.)

You’ve got this figured out. The problem is if you are going to do any work for lenders, you’ll have to participate. Here are just a few of the changes Fannies Appraisal Modernization are considering: https://bit.ly/3yOXsMN. One of the main focuses of the program is to encourage appraiser diversity. The reason for this is that only minorities can fairly estimate the value of a minorities property. If you don’t think this is the case, then you’re a racist exhibiting your white privilege. As you stated, the only way to win this War Game is not to play. I used to do 100% lender work, now I do maybe 10% lender work and the rest is private or for hard money lenders.

Don’t get me wrong, encouraging appraiser diversity is fine by me. Although the company I work for is not in an area of the city with much diversity, blacks make up about 1/3 of our appraising staff. Were they hired because they were black? Certainly not. They are talented appraisers that just happen to be black. Do they have to deal with situations that white appraisers don’t? Absolutely. The problem is that it isn’t from white appraisers. If they miss the “target value” the client, borrower, or agent expects, of course it must be because the appraiser is incompetent. Now who’s the racist?

David oh David… Don’t approach this with common sense. You’ll get confused immediately. The writer of this article certainly isn’t advocating for this change. In fact, I’ve not seen a single reply that does. The best way to understand this is to forget anything Dr. Martin Luther King ever taught. Then imagine yourself as a slaveowner in the deep south, because that’s what they think you are. You’re job is to try and fix your evil ways. Obviously you should release the slaves. But would that make them whole? Certainly not. You need to divvy up your plantation and promise any future earnings you may have to them. Now you are the slave. Problem solved.

Exactly! Somehow they fail to see the irony here.

Sorry Fannie, I think I’ll sit this one out.

I’m all for making mortgages more possible for all people but this isn’t the way.

🙂

I’ll market for you! 🙂

I’ll do the edging.

That’s it, I’m back to lawn mowing. I’m out of options and will need to take on the tough jobs nobody else wants. Perhaps for the first time in decades, someone will appreciate my hard work and upstanding ethic, the desire to actually care about other peoples well being. Appraisal valuation services is a thankless profession where the vast majority of people and companies whom hire appraisers merely want to take advantage and exploit us. Want to talk about systemic exploitation which resulted in real harm to hundreds of thousands of vulnerable working class citizens, this is it.

I think you misunderstand the gist of their argument. They don’t believe all appraisers are racist, they just believe that all white appraisers are racist.

Of course they spend all day obsessing over race and I rarely give it a second thought, but I’m the racist. I’ve spent my entire life treating people equally, but I’m the racist. I’ve never even thought about changing the value of a property based on skin color, but I’m the racist. Don’t get me wrong, minorities have got a raw deal in the past. The lenders just need to remember who drew the red lines. It wasn’t the appraisers

The societal segment mentioned appears to claim a higher frequency of appraisers are racist accusations, and they afford lawyers too. Obviously they’ll need even higher adjustment multipliers.

If lenders want to manipulate loan packages, that will have to come from some other point of origination than the market value appraisal. Thankfully like the language and ideology critics so frequently popping up whom need put down like a game of whack a mole; FNMA merely influences real property markets, they don’t actually set the market. The only person responsible for a borrowers credit worthiness or affordability factors by which market equity is derived, is the borrower themselves.

This is interesting, exploring the definition of ‘equity’.
https://thelawdictionary.org/equitable-interest/
https://thelawdictionary.org/equitable-right/
https://thelawdictionary.org/equity/
https://thelawdictionary.org/equitable/
https://wmmlegal.com/divorce-law-equity-vs-equality
https://law.en-academic.com/1272/equitable_relief
https://www.investopedia.com/terms/h/homeequityloan.asp
https://www.urban.org/policy-centers/metropolitan-housing-and-communities-policy-center/projects/housing-equity-and-inclusion
https://myhome.freddiemac.com/owning/equity-and-appreciation
https://www.investopedia.com/terms/h/home_equity.asp

This is like the ansi thing where I’m supposed to call garden level a basement, despite all logic and reasonable definition and standards which say otherwise. Let’s get out there and create more equity for some borrowers but not others? That is literally an impossible task for an appraiser, it simply can’t be done. Because we only measure markets, we do not influence them. So no you can not comply, even if there is specific tables and guidance to that point, while still maintaining required ethical principals.

This is the argument from the other side of course;
https://www.lisc.org/our-stories/story/racial-equity-and-affordable-housing-go-hand-hand/
Curious, the housing equity argument crowd conveniently leave out certain facts. Such as corporations scooping up massive swaths of rental housing which will never again be available to said oppressed people in said oppressed areas. Calling for reform everywhere except where it’s actually needed, education and corporations dealing in residential housing.
https://twitter.com/APhilosophae/status/1402434266970140676?s=20
https://www.theatlantic.com/ideas/archive/2021/06/real-problem-corporate-landlords/619244/

To hell with it all. When an individual consumer goes up against these forces, they are on their own. Buyer beware and the only real help we can give them is education. Which is why keeping licensed appraisers away from active borrowers seeking loans via desktop hybrid and remote third party inspection programs is going to be a more destructive force and cause more consumer harm than any of these other proposals. FNMA leadership as well as TAF group seems to have digressed to the blind leading the stupid. They are led around by activism not logic.

People should take notes on recent corporate happenings where finally the tide is turning and companies are realizing that certain types of activists make very poor employees and worthless consultants. They’re getting fired left and right lately which is a good thing. Pandering never ends well, it’s better to object up front and stand your ground.
Get ready for a liberal piece which is very long but still very worth your time to read. These groups are being crushed under their own weight. All the other side needs to do is stand by and watch them become consumed by their own dogma. Any and all legislative changes to these ends are bound to a similar fate, eventually.
https://theintercept.com/2022/06/13/progressive-organizing-infighting-callout-culture/