Secret HUD Meeting on ‘Appraiser Bias’

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Dave Towne
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Secret HUD Meeting on Valuation Bias... Input of Appraisers Is Unwanted

The exclusion of the appraisal profession from events looking at valuation bias sends the message – intentional or not – that the input of appraisers is unwanted by those seeking to address issues relating to valuation bias…

This was in a news release put out on Aug. 2, 2021 by the American Society of Appraisers which reveals the ‘secrecy’ behind the government’s efforts to attempt to continually help smear real estate appraisers:

“RESTON, Va., Aug. 2, 2021 /PRNewswire/ –The Department of Housing and Urban Development (HUD) held a virtual event today looking at bias issues surrounding the home valuation process. Notably, this event was held without any participants from the appraisal profession at the table. This marks the second event of its kind that has excluded appraisers or their representatives from these important conversations. On June 15th, the Consumer Financial Protection Bureau (CFPB) held their own valuation bias event, absent any meaningful input from the appraisal profession.

This mirrors the ongoing process, led by HUD, by which the PAVE Interagency Task Force has been working. Rather than providing public notice of planned meetings and seeking stakeholder input, the Task Force meets privately and without offering meaningful opportunity for public input.

The exclusion of the appraisal profession from these events sends the message – intentional or not – that the input of appraisers is unwanted by those seeking to address issues relating to valuation bias.”

The full news release is here: ASA Disappointed with Continued Exclusion of Appraisal Profession from Ongoing Federal Agency Efforts on Valuation Bias (prnewswire.com)

Appraisers need to remember that governmental agencies and the GSE’s were direct participants and enablers of the awful ‘redlining’ that was prevalent in the US from the 1930’s (or earlier) up until the 1980’s. Those practices had a direct causation of lower property values in many places in this country…..which are still in place today.

Image credit flickr - wiredforlego
Dave Towne

Dave Towne

AGA, MNAA, Accredited Green Appraiser - Licensed in WA State since 2003. Dave Towne on e-AppraisersDirectory.com

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9 Responses

  1. Avatar Koma says:

    Nothing new here. In my opinion when they do include entities from the Appraisal Profession it’s only for show.

    12
  2. Avatar Coach says:

    I’m shocked….NOT

    5
  3. Avatar Caleb says:

    The real bias is against appraisers!

    8
  4. Avatar JC says:

    It is unfortunate that boots on the ground appraisers are hardly ever given a place at the table for discussion. We are facing an uphill battle against big tech, big government and big media.

    7
  5. Avatar Eric Kennedy says:

    I can discredit their narrative in 5 notes – cry me a river. These fools have not a clue what they are speaking of and that’s why we are not being asked – they can’t handle the truth.

    6
  6. Baggins Baggins says:

    Welcome to the brave new world of big tech control and censorship in concert with government agencies. Redistribution of wealth, taxation without representation for the majority now. However, voices of reason persist.

    https://www.youtube.com/channel/UCkJ1N-7g9Q6n7KnriGit-Ig
    https://www.google.com/search?client=firefox-b-1-d&q=PAVE+Interagency+Task+Force

    or if second link does not work, just google; PAVE Interagency Task Force
    Vote for central planning! Because, it has worked so well in the past.

    5
  7. Avatar Mary says:

    Well lets just sit the buyers and Realtors down to the table to ask WHY the buyers are paying LESS for certain houses or in certain locations. The Appraiser comes in AFTER they make an offer on the properties under contract. It is already a done deal. All we are doing is providing opinion of value based upon true comparable sales. THEY are thinking WE define the values and we do NOT. The market does PERIOD end of sentence. As for refinances what do they want? Go back to them telling us what number they are looking for? We all know how that turned out before the crash. They don’t realize we are appraising the PROPERTY not the people in the property. How can there be bias? They have no clue how the process works and quite frankly are placing way more power on our part is in this process. We are not that powerful to move markets one way or the other. BUYERS however ARE! Realtors advising Buyers Are!

    5
    • Baggins Baggins says:

      https://datausa.io/
      This is a good resource to compare many specific aspects, area vs area. What it is missing is crime, that’s easy enough to sub in from alternate sources. But that’s not the actual issue. Research PAVE and the people promoting it.

      Wealth redistribution by central planning. HUD’s mission is supposed to be increasing access and opportunity, not tax money redistribution. Who is left to revisit the arguments that the government should not be involved in lending, insurance, or health care in the first place.

      So while many will attempt to argue with logic, they’ll remain mystified why the opposition appears so stubborn headed and opposed to reason. They know exactly what they are doing. The propaganda will continue to build as government expansion continues.

      5
  8. Avatar Bryan says:

    It could be worse – they could invite The Appraisal Institute.

    7

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Secret HUD Meeting on ‘Appraiser Bias’

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