Petition - Appraisers Blogs https://appraisersblogs.com/tag/petition-2/ Appraisal News and Tips for Real Estate Appraisers Fri, 25 Jul 2025 00:17:44 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://i0.wp.com/appraisersblogs.com/wp-content/uploads/2015/04/ABfavicon.png?fit=32%2C32&ssl=1 Petition - Appraisers Blogs https://appraisersblogs.com/tag/petition-2/ 32 32 52046035 Appraisal Institute’s Harassment, Tests, and Dance with AMCs https://appraisersblogs.com/appraisal-institute-harassment-tests-n-dance-with-amcs/ https://appraisersblogs.com/appraisal-institute-harassment-tests-n-dance-with-amcs/#comments Fri, 09 May 2025 12:30:58 +0000 https://appraisersblogs.com/?p=32808 The Appraisal Institute’s latest chapter is a double dose of harassment woes — harassment allegations rocking its leadership and the systemic harassment of appraisers by AMCs, all under a scandalous spotlight.  The New York Times article by Debra Kamin, published on May 8, 2025, unveils a disturbing culture within the Appraisal Institute (AI), peeling back the curtain on a decade of alleged sexual harassment with Craig Steinley — former president and current vice president — who found himself in the uncomfortable spotlight. Accused by at least eight women of inappropriate behavior, Steinley’s antics include unwanted groping, as detailed in interviews...

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]]> https://appraisersblogs.com/appraisal-institute-harassment-tests-n-dance-with-amcs/feed/ 45 32808 The Great Debate on Appraisal Fees https://appraisersblogs.com/the-appraisal-fee-debate-exposing-the-amc-fee-deception/ https://appraisersblogs.com/the-appraisal-fee-debate-exposing-the-amc-fee-deception/#comments Mon, 28 Oct 2024 12:30:09 +0000 https://appraisersblogs.com/?p=31465 She included several different fee split examples indicating AMCs retained as much as 70 percent of the total appraisal fee paid by the borrower, which prompted her to stop working with AMCs because of the lack of transparency.  The appraisal industry is abuzz with a discussion about appraisal fees. The Consumer Financial Protection Bureau (CFPB) recently issued a Request for Information Regarding Fees Imposed in Residential Mortgage Transactions [Docket No. CFPB-2024-0021] in which it solicited feedback from the public and industry stakeholders on the fees charged to consumers by mortgage providers and related settlement services. The CFPB framed it as...

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]]> https://appraisersblogs.com/the-appraisal-fee-debate-exposing-the-amc-fee-deception/feed/ 32 31465 Cindy Chance Terminated https://appraisersblogs.com/cindy-chance-terminated-cpa-john-udelhofen-interim-ceo-of-the-appraisal-institute/ https://appraisersblogs.com/cindy-chance-terminated-cpa-john-udelhofen-interim-ceo-of-the-appraisal-institute/#comments Mon, 16 Sep 2024 12:30:01 +0000 https://appraisersblogs.com/?p=31369 On September 13, 2024, the Appraisal Institute President, Sandra Adomatis, SRA, announced that Cindy Chance is no longer the CEO of the Appraisal Institute. “We are writing to inform you that as of today, September 13, Cindy Chance is no longer in her role as CEO of the Appraisal Institute.” In an interview published by HousingWire, Cindy Chance disclosed that the Board of Directors had terminated her. Rumors that this was pending have been circulating around AppraiserVille for several weeks. I’ve been reading comments on various forums asking “will we be told the real reason for this?” My answer: Nope....

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]]> https://appraisersblogs.com/cindy-chance-terminated-cpa-john-udelhofen-interim-ceo-of-the-appraisal-institute/feed/ 17 31369 PAREA Program & Its Negative Impact on Diversity https://appraisersblogs.com/parea-program-n-its-negative-impact-on-diversity/ https://appraisersblogs.com/parea-program-n-its-negative-impact-on-diversity/#comments Thu, 03 Aug 2023 12:30:04 +0000 https://appraisersblogs.com/?p=29773 The study also found that the PAREA program is not as effective in providing a more accessible pathway to licensure as the traditional apprenticeship model.  Practical Applications of Real Estate Appraisal (PAREA) is a program that aims to revolutionize the real estate industry by increasing the number of appraisers. However, after listening to the Appraisal Institute speaker at yesterdays board meeting it quickly became evident that this initiative is a complete failure. You cannot start PAREA until you have received all your real estate appraisal education. 94 hours = $1,700 per McKissock Appraisal Institute speaker said that most AMC’s/banks won’t...

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]]> https://appraisersblogs.com/parea-program-n-its-negative-impact-on-diversity/feed/ 18 29773 Borrowers With Good Credit Scores to Foot the Bill for Higher Risk Borrowers https://appraisersblogs.com/borrowers-with-good-credit-scores-2-foot-the-bill-4-higher-risk-borrowers https://appraisersblogs.com/borrowers-with-good-credit-scores-2-foot-the-bill-4-higher-risk-borrowers#comments Fri, 21 Apr 2023 12:30:11 +0000 https://appraisersblogs.com/?p=29292 It is disheartening to think that those of us who have worked hard to maintain good credit scores will now be penalized with higher mortgage rates and fees, just so the government can subsidize people with riskier credit ratings. It’s no surprise that the Federal Housing Finance Agency’s (FHFA) new rule forcing homebuyers with good credit scores to pay higher mortgage rates and fees is causing a stir. The Federal Housing Finance Agency’s push for affordable housing is admirable, but it should not come at the expense of those with good credit scores who are trying to buy or refinance...

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]]> https://appraisersblogs.com/borrowers-with-good-credit-scores-2-foot-the-bill-4-higher-risk-borrowers/feed/ 24 29292 We the People… https://appraisersblogs.com/we-the-people-need-2-protect-the-consumer-from-mortgage-lending https://appraisersblogs.com/we-the-people-need-2-protect-the-consumer-from-mortgage-lending#comments Sun, 09 Apr 2023 12:30:40 +0000 https://appraisersblogs.com/?p=29224 We the people need to redirect the mortgage lending direction… The time for every appraiser and consumer to step up is now. This country was founded on the principle of “We the people”. Please sign this petition and share it everywhere.  Appraisers have been the target for blame for everything gone wrong in the mortgage lending world. We were blamed for the Savings and Loan collapse, the financial crisis of 2008, and appraisal bias and racial discrimination. Appraisers have even been the target on loans gone bad after several years on payments. Yep, we have been the target and have...

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]]> https://appraisersblogs.com/we-the-people-need-2-protect-the-consumer-from-mortgage-lending/feed/ 26 29224 No to Desktops with Third Party Inspectors https://appraisersblogs.com/no-2-desktops-with-third-party-inspectors https://appraisersblogs.com/no-2-desktops-with-third-party-inspectors#comments Mon, 14 Feb 2022 13:30:19 +0000 https://appraisersblogs.com/?p=26279 Hybrid Appraisals were tested and failed. So what does Fannie Mae do? Let’s call them Desktops with third party inspectors. Fannie Mae has announced they will soon start accepting Desktop Appraisals. The appraiser does not inspect the property; however an interior floor plan including walls is required. This in itself is over and above what most appraisers typically provide. We understand Fannie Mae’s decision is based on risk; however, risk is not part of an Appraiser’s analysis under USPAP. Will State Appraisal Boards look the other way for USPAP compliance? How will an Appraiser who does not inspect the property...

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]]> https://appraisersblogs.com/no-2-desktops-with-third-party-inspectors/feed/ 18 26279 Appraisal Fees Back in the Spot Light https://appraisersblogs.com/appraisal-fees-survey-ftc-vs-lreab-update-fhfa-comments-on-appraisal-process-modernization https://appraisersblogs.com/appraisal-fees-survey-ftc-vs-lreab-update-fhfa-comments-on-appraisal-process-modernization#comments Mon, 15 Mar 2021 12:30:51 +0000 http://appraisersblogs.com/?p=25041 FTC vs LREAB Update The Supreme Court has denied the Louisiana Real Estate Appraisers Board’s petition to intervene in the administrative case for price fixing by the FTC. The FTC trial is scheduled to proceed on April 20, 2021. VaCAP is closely following this case and will update you as it proceeds. To view all the activity for this case, go to the FTC’s webpage here. Working RE Appraisal Survey Let your voice be heard on what is customary and reasonable fees for your services. Working RE is conducting the annual fee survey. We have been asked to help distribute...

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]]> https://appraisersblogs.com/appraisal-fees-survey-ftc-vs-lreab-update-fhfa-comments-on-appraisal-process-modernization/feed/ 5 25041 7 Myths of the Great Financial Crisis https://appraisersblogs.com/seven-myths-of-the-great-financial-crisis-n-the-elite-fraud-schemes https://appraisersblogs.com/seven-myths-of-the-great-financial-crisis-n-the-elite-fraud-schemes#comments Wed, 23 Sep 2020 12:30:40 +0000 http://appraisersblogs.com/?p=24422 1. Fraud is a distraction Elite fraud and predation drove the Great Financial Crisis (GFC). By 2006, about 40% of all the mortgage loans made that year were “liar’s” loans – loans that did not verify the borrower’s income. The mortgage industry’s own anti-fraud experts (MARI) warned that the fraud incidence in these loans was 90%. In response, the industry rapidly increased its liar’s loans. In 2006, the industry made over one million fraudulent liar’s loans. Thomas Herndon’s 2017 study found those loans produced 70% of the mortgage losses. Liar’s loans hyper-inflated the bubble, increasing over 800% from 2003-2006. State...

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]]> https://appraisersblogs.com/seven-myths-of-the-great-financial-crisis-n-the-elite-fraud-schemes/feed/ 4 24422 Potential Changes to GSEs Gaining Steam https://appraisersblogs.com/ending-conservatorship-potential-changes-2-gses-gaining-steam https://appraisersblogs.com/ending-conservatorship-potential-changes-2-gses-gaining-steam#comments Fri, 19 Jun 2020 12:30:34 +0000 http://appraisersblogs.com/?p=24084 Folks, if you have not been hiding under a rock since 2009, you know that both FNMA and FrMAC have been under ‘conservatorship’, regulated by FHFA for over the past 10+ years. If you’ve been paying attention, you also know that over the past few years there has been increasing talk to end the conservatorship, and now, to add competitors to the GSE’s in the mortgage loan purchase arena. That prospect is outlined in the latest Report to Congress by Mark Calabria, Director of FHFA, summarized in this article posted Tues, June 16, 2020, in Mortgage News Daily: The Federal...

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]]> https://appraisersblogs.com/ending-conservatorship-potential-changes-2-gses-gaining-steam/feed/ 2 24084 The Collective Rot https://appraisersblogs.com/bankers-regulators-war-on-the-appraisal-industry-n-another-great-real-estate-depression https://appraisersblogs.com/bankers-regulators-war-on-the-appraisal-industry-n-another-great-real-estate-depression#comments Wed, 25 Sep 2019 12:30:27 +0000 http://appraisersblogs.com/?p=22759 Over 11,000 appraisers signed that petition… The US Congress completely ignored it and, as a result, The Great Real Estate Depression followed. Déjà vu: Or is it Déjà Poo (I’ve heard this crap before)? The Collective Rot Growing Within the Shadows of the Great Real Estate Depression We are just 11 years past the beginning of the Great Recession. Some estimate the US suffered a $14 trillion loss in wealth. Others estimated the loss as high as $21 trillion. This event is more commonly referred to as The Great Real Estate Depression by those of us who are or were in the real estate industry...

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]]> https://appraisersblogs.com/bankers-regulators-war-on-the-appraisal-industry-n-another-great-real-estate-depression/feed/ 11 22759 Major Threat to Real Estate Agents https://appraisersblogs.com/major-threat-2-real-estate-agents https://appraisersblogs.com/major-threat-2-real-estate-agents#comments Thu, 25 Jul 2019 12:30:35 +0000 http://appraisersblogs.com/?p=22433 Appraisers, in case you are not aware, NINE law firms have begun the process to sue real estate agents and brokers across the US about how the commission process works to compensate the SELLING broker. It is believed that three of the best known internet based property purchasing and selling web sites are behind this effort. It’s being done so that they can build their own businesses, while jeopardizing the livelihood of real estate agents and brokers. The suits allege that there is collusion and racketeering among the real estate participants to ‘bake in’ a set commission for the selling agent...

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]]> https://appraisersblogs.com/major-threat-2-real-estate-agents/feed/ 6 22433 Honesty in Real Estate https://appraisersblogs.com/ibuying-real-estate-platforms-misleading-consumers https://appraisersblogs.com/ibuying-real-estate-platforms-misleading-consumers#comments Tue, 18 Jun 2019 12:30:33 +0000 http://appraisersblogs.com/?p=22157 Stop unfair, deceptive, and abusive iBuying tactics. Consumers are being mislead into believing that heavily funded real estate iBuying platforms are cheaper and easier than using a Realtor. Sign and Share this petition demanding that there be clarity for consumers on these deceitful iBuying platforms. Click HERE. Summary: Real estate agents, and the buyers and sellers they have faithfully represented for decades, are under threat from a small number of technology companies looking to disrupt the real estate industry. This movement began back in 2004 when companies like Trulia and Zillow were formed, and has recently neared a tipping point...

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]]> https://appraisersblogs.com/ibuying-real-estate-platforms-misleading-consumers/feed/ 19 22157 Let’s Get Rid of Appraisers. What Could Go Wrong? https://appraisersblogs.com/no-appraisals-n-loose-bank-underwriting-standards https://appraisersblogs.com/no-appraisals-n-loose-bank-underwriting-standards#comments Fri, 30 Nov 2018 13:30:22 +0000 http://appraisersblogs.com/?p=20287 Why would regulators fundamentally weaken bank underwriting standards? Appraisers Warned The World In The Late 1990s And No One Listened. It Is Now Time To Listen Again as History is About to Repeat Itself. There’s a proposal from the FDIC, Federal Reserve, and Treasury Department not to require appraisals for some mortgages under $400,000. The Trump Administration wants to disrupt the role of appraisers, but that’s not a good idea. This change can impact several groups in particular: 1) Consumers: Removing appraisers from transactions can mean a lot of loans get made that shouldn’t be made. Does that sound familiar? We...

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]]> https://appraisersblogs.com/no-appraisals-n-loose-bank-underwriting-standards/feed/ 18 20287 The Evil Octopus https://appraisersblogs.com/mismo-blueprint-2-eliminate-appraisers https://appraisersblogs.com/mismo-blueprint-2-eliminate-appraisers#comments Wed, 20 Jun 2018 12:30:59 +0000 http://appraisersblogs.com/?p=18261 Appraisers, it’s not paranoia when ‘the bastards’ really are out to get you (end us as a profession). …Find each octopus and how they relate to our jobs. Look at MISMO Directors list… An Open Letter to Appraisers: Residential & Commercial This started as a response to a blog post by a respected appraiser concerning the influence of AMCs. During drafting it was clear that trying to explain AMCs was only part of the bigger struggles we face today. Picture a violent “all in” three-way gang fight among Octopi. Say a dozen on each side. That’s 36 Octopi x 8 tentacles...

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]]> https://appraisersblogs.com/mismo-blueprint-2-eliminate-appraisers/feed/ 7 18261 Sign the Letter https://appraisersblogs.com/appraisers-sign-vacap-amc-letter/ https://appraisersblogs.com/appraisers-sign-vacap-amc-letter/#comments Mon, 03 Oct 2016 12:00:14 +0000 http://appraisersblogs.com/?p=12595 Sign VaCAP Open Letter to AMCs Fellow Appraisers, A few weeks ago, Virginia Coalition of Appraiser Professionals (VaCAP) sent out an open letter to the AMCs. This letter was republished by many coalitions, and appraiser groups across the country; liked and shared on Facebook and broadcast on several industry blogs. VaCAP received an overwhelmingly positive response from the letter. We even heard from several Realtors applauding our efforts! Activity is still ongoing with comments! Click here to read the letter and comments! We heard you loud and clear… The letter can now be signed by individual appraiser here on AppraisersBlogs. We will...

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]]> https://appraisersblogs.com/appraisers-sign-vacap-amc-letter/feed/ 54 12595 College Degree Requirement is Flawed https://appraisersblogs.com/appraisers-flawed-college-degree-requirements https://appraisersblogs.com/appraisers-flawed-college-degree-requirements#comments Wed, 10 Feb 2016 13:30:15 +0000 http://appraisersblogs.com/?p=10610 Why the 4-year college degree requirement is flawed and how to make the requirement work? Many, many years ago, my local college offered appraisal classes. You could take a couple classes, go take the state test and start knocking on doors. New people didn’t need a mentor. And new people learned by trial and error. It probably wasn’t the best way to do things. But it did allow for new people to freely get into the profession without a bunch of hurdles to overcome. Times have changed. Today, new people have to have a 4-year college degree in anything first,...

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]]> https://appraisersblogs.com/appraisers-flawed-college-degree-requirements/feed/ 51 10610 Online Petition to Allow appraiser Access to UAD Data https://appraisersblogs.com/appraisal/online-petition-to-allow-appraiser-access-to-data-they-provided-through-the-uniform-appraisal-dataset-uad/ https://appraisersblogs.com/appraisal/online-petition-to-allow-appraiser-access-to-data-they-provided-through-the-uniform-appraisal-dataset-uad/#comments Thu, 13 Nov 2014 13:30:50 +0000 http://appraisersblogs.com/?p=6692 Online Petition to Allow appraiser Access to Data They Provided Through the Uniform Appraisal Dataset (UAD) Fellow appraiser, I am asking that you to take a moment to participate in this important industry effort. Fannie Mae’s Collateral Underwriter (CU) will be available in the first half of 2015. The CU performs automated risk assessment of appraisals submitted to the Uniform Collateral Data Portal based on information that you provided through the Uniform Appraisal Dataset (UAD). The CU provides a risk score, flags, and messages to the lender. The GSE’s have mandated that all appraisals be submitted in the UAD format; however, currently...

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]]> https://appraisersblogs.com/appraisal/online-petition-to-allow-appraiser-access-to-data-they-provided-through-the-uniform-appraisal-dataset-uad/feed/ 1 6692 Appraiser Independence Violated https://appraisersblogs.com/appraisal/a-journal-piece-of-appraiser-independence-part-2-appraisal-indepence-violated/ https://appraisersblogs.com/appraisal/a-journal-piece-of-appraiser-independence-part-2-appraisal-indepence-violated/#comments Mon, 07 Apr 2014 12:30:44 +0000 http://appraisersblogs.com/?p=5927 A Journal Piece of Appraiser Independence (Part 2): Appraisal Independence Violated History is an important reminder to us all of what went wrong and what went right. When history is known we tend to skip the mistakes we made. We can either choose the right path for the wrong reason, the right path for the ‘right’ reasons and, we can take the wrong path in a similar manner. The MARKET needs to take the right path for the ‘right’ reasons. In years of late 1998 and 1999 several ideas were brought forth to a Forum filled with Individual Appraisers carrying...

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]]> https://appraisersblogs.com/appraisal/a-journal-piece-of-appraiser-independence-part-2-appraisal-indepence-violated/feed/ 2 5927 A Journal Piece of Appraiser Independence https://appraisersblogs.com/appraisal/a-journal-piece-of-appraiser-independence-part-1-where-do-we-go-from-here/ https://appraisersblogs.com/appraisal/a-journal-piece-of-appraiser-independence-part-1-where-do-we-go-from-here/#comments Wed, 02 Apr 2014 12:30:10 +0000 http://appraisersblogs.com/?p=5917 A Journal Piece of Appraiser Independence (Part 1): Where Do We Go From Here? Buyer Beware! Where is the Value? (PART 1) In the years of 2007/2008, the ideologue of, “Appraiser Independence” had become popular for the real estate market’s economic agents and the processes it relies on to function properly. The idea gained respect, due to the perseverance of Real Estate Appraisers carrying out their Independence, during the decade of 2000-2010. The Home Valuation Code of Conduct (HVCC) was introduced according to prevailing design and initiative:  the advancement of a market in need for an inspired and renewed sense of...

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]]> https://appraisersblogs.com/appraisal/a-journal-piece-of-appraiser-independence-part-1-where-do-we-go-from-here/feed/ 4 5917