Comments on: Federal Agency in Charge of Appraisers

By: Julie Friess SRA, AI-RRS, MA

Julie Friess SRA, AI-RRS, MA — Wed, 05 Oct 2022 06:26:58 +0000

The goal is to disrupt appraiser independence and nothing more. After 2008 and all the appraiser independence laws and AMC’s were supposed to be “protecting” the appraiser (but they are not and now AMCs are competing for lender business by making deals work instead of protecting independence… so will THEY be held responsible when the market takes a bigger dive than it did in 2008 in the next 6-12 months?) It left the lenders with the choice of kicking good appraisers off their panels, which they did, but still, it wasn’t enough. PAVE is a direct assault on appraiser independence and we haven’t heard a thing about independence since of course. We won’t hear about PAVE or any other idiotic equity laws once the housing market begins to really tank. How can anyone blame the appraiser for crashing the market and at the same time blame the appraiser for “stealing value and equity” from random people who apparently live in neighborhoods that no one ever pays cash in. Btw, I went to the AARO meeting on this and was literally bullied, shamed, and victimized for trying to discuss this. There is nothing like a conference where people get together to discuss nonbias and equity and mistreat and abuse the people at the conference for not being JUST LIKE THEM. :0) I believe that is called discrimination, and bias. It was disgusting, just like the idea that everyone at this conference knew better but they were such cowards that they acted like children who were afraid to stand up and say the right thing because they might be shamed, like they believed I was… NOT! I was embarrassed for everyone from the Appraisal Foundation, and everywhere else who sang the party line and let the conference continue when there was no data and still is no data showing anyone has been “De-valued or injured in any way” by an appraiser, anywhere. (I’ll save the rest of you right now from embarrassment until I am ready to name you! Yes, I know you don’t like me. I don’t like you either. You don’t like me because I am right and you think you are powerful and special but dishonest people are neither one.) And recall, I repeatedly said that discrimination and bias is always unacceptable. However, appraisers do not create value, they study and report facts from data, and telling appraisers that they are not allowed to report the data and facts accurately IS discrimination and bias and it is ethically compromising what we do, not to mention that it is predatory.

By: Bryan

Bryan — Fri, 22 Jul 2022 15:10:17 +0000

In reply to Baggins.

Yes! And it is important to understand that this is the governments goal. Make everyone need something from them so they can justify their existence. BTW – it is working. It all should come to a grinding halt in about 2 more generations.

By: Baggins

Baggins — Fri, 22 Jul 2022 15:02:42 +0000

In reply to Bryan.

The heart of the matter and root cause of the problem is not the appraisal or the appraisal methodology. The root cause of the problem is the pervasive misconception in society that governments responsibility is to provide entitlement.

Otherwise they’d all get a clue and stop begging with their hands out for more corporate and citizen welfare programs, and just up and move to different locations where they feel a more personal sense of; equitability.

Try as they might, they’ll never successfully take a feeling and turn it into a real property characteristic. It’s just not fair that I live in this high density city with no parks! It’s just not fair all those credit cards I took out now cause me to get a higher lending rate. It’s just not fair about how my continued subscriptions to welfare services continues to erode the dollar and fuel additional inflation which causes housing to be unaffordable. It’s just not fair the way the government spends all this money and gives none to me. They sold it you bought it. More government is certainly not the solution, but that’s where they turn. And now they’re trying to bring the fear of covid back for an additional power grab. Who in their right mind still trusts this government?

By: Bryan

Bryan — Fri, 22 Jul 2022 14:25:31 +0000

In reply to Baggins.

That is the REAL QUESTION!! What is expected from us? What is needed? Is there a goal we don’t know about? Can someone on that panel please list (exactly) what the expectations are for future Appraisers? I mean an actual list of 5 things. I’ll bet we already provide them.

By: Bryan

Bryan — Fri, 22 Jul 2022 14:17:25 +0000

In reply to Bruce W Lennick.

That is the goal. Make it “frightening” everyone will quit. Then scream “We can’t find an Appraiser”! Better use alternatives.

By: Baggins

Baggins — Fri, 03 Jun 2022 20:07:23 +0000

Just got a HUD 20 years of national home ownership month deal in the email. There it is again, this word; ‘equitable housing’. I still can’t figure out what that means. And I’m not sure HUD even knows either, but they appear to enjoy throwing that slogan statement around. What is equitable housing? A digital process? A slogan? A catch phrase? Something tangible? A measurement of housing density and if so, compared to what? How could a person walk up to any given real property and then describe ‘it’s equitable features’, specifically? Has the governments interpretation of equitable housing changed from then to now?
http://www.huduser.gov/portal/pdredge/pdr-edge-featd-article-051722.html
05/22 HUD article using the slogan equitable housing.
https://www.huduser.gov/portal/pdredge/pdr-edge-trending-081318.html
08/18, previous use of equitable housing in hud articles.
https://dsnews.com/daily-dose/07-21-2021/hud-secretary-testifies-on-equitable-housing
HUD 07/21, political persons statements on the matter.
If the problem is housing density and over priced housing which limits affordability, why are appraisers being blamed for existing housing character, price, and existing location? Are we supposed to pretend there is more space and less density or something or the homes are actually located somewhere else? I just don’t get it.

By: Pat Turner

Pat Turner — Mon, 23 May 2022 23:47:51 +0000

Fools’ gold!!

By: hammering hank

hammering hank — Mon, 23 May 2022 19:53:15 +0000

I wonder what these (5) individuals think?

Witness List:

David S. Bunton, President, The Appraisal Foundation
Stephen S. Wagner, Senior Appraiser, Terzo & Bologna, Inc., on behalf of the Appraisal Institute
Jeff Dickstein, Chief Compliance Office, Pro Teck Valuation Services, on behalf of the Real Estate Valuation Advocacy Association
Andre Perry, David M. Rubenstein Fellow, Metropolitan Policy Program, the Brookings Institute
Joan N. Trice, Founder, Collateral Risk Network

By: Baggins

Baggins — Mon, 23 May 2022 19:41:41 +0000

What mechanism and/or department manages the legislative review to assure that legislation is not in conflict with other legislation? That’s whom we should write to as well. FAIR is basically seeking to codify a host of issues as law, which are otherwise direct violations of Dodd Frank Reg Z on Appraiser Independence.

By: Bruce W Lennick

Bruce W Lennick — Mon, 23 May 2022 17:24:33 +0000

We will be managed just like the Post Office and Amtrak, Sure glad I am getting out of the appraisal business,

By: Coach

Coach — Mon, 23 May 2022 16:05:30 +0000

Done. Thank you for speaking up and taking action LadyT!