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		<title>The New &#038; Improved Fannie Mae “FRAUDULATOR 2.0”</title>
		<link>https://appraisersblogs.com/the-new-improved-fannie-mae-fraudulator-2-is-an-outright-fraud</link>
					<comments>https://appraisersblogs.com/the-new-improved-fannie-mae-fraudulator-2-is-an-outright-fraud#comments</comments>
		
		<dc:creator><![CDATA[Michael Ford]]></dc:creator>
		<pubDate>Mon, 15 May 2023 12:30:53 +0000</pubDate>
				<category><![CDATA[AGA]]></category>
		<category><![CDATA[AI]]></category>
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		<guid isPermaLink="false">https://appraisersblogs.com/?p=29449</guid>

					<description><![CDATA[<p>Originally known as Fannie Mae’s Collateral Underwriter (CU), and subsequently Collateral Underwriter 2.0 (CU-2)i this always dubious product of Fannie Mae is increasingly being referred to by some, if not many American Appraisers as The Fraudulator / Underwriter 2.0 (FU-2). To be clear it is not limited to the Collateral Underwriter (CU &#38; CU-2) software. The new Fraudulator (FU-2) combines the CU products with their numerous improper uses. The end result of which includes OUTRIGHT FRAUD being perpetrated against banks via the repurchase letters Fannie Mae now issues on a quota based system rather than because of legitimate appraisal defects.&#46;&#46;&#46;</p>
<div class="crp_related     crp-text-only">
<h4>Related Posts:</h4>
<ul>
<li><a href="https://appraisersblogs.com/how-u-s-home-valuations-are-being-subverted"     class="crp_link post-29041"><span class="crp_title">How U.S. Home Valuations Are Being Subverted</span></a><span class="crp_excerpt"> At the crossroads of it all is a campaign to weaken or eliminate valuations... The nonprofit is now exploring ways&hellip;</span></li>
<li><a href="https://appraisersblogs.com/avms-garbage-data-in-means-garbage-results-out-every-time"     class="crp_link post-28989"><span class="crp_title">AVMs... Garbage In, Garbage Out</span></a><span class="crp_excerpt"> Garbage data in means garbage results out every time!&nbsp; It's no secret that AVMs have been a thorn in the&hellip;</span></li>
<li><a href="https://appraisersblogs.com/dear-representative-fannie-mae-has-gone-rogue"     class="crp_link post-29081"><span class="crp_title">Dear Representative, FNMA Has Gone Rogue!</span></a><span class="crp_excerpt"> Dear representative, waiving/eliminating property appraisal for lending purposes is wanton recklessness. Fannie Mae’s decision to waive/eliminate property appraisal for lending&hellip;</span></li>
</ul>
<div class="crp_clear"></div>
</div>
<p>The post <a href="https://appraisersblogs.com/the-new-improved-fannie-mae-fraudulator-2-is-an-outright-fraud">The New &#038; Improved Fannie Mae “FRAUDULATOR 2.0”</a> appeared on <a href="https://appraisersblogs.com">Appraisers Blogs</a>.</p>
]]></description>
		
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			<slash:comments>42</slash:comments>
		
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		<post-id xmlns="com-wordpress:feed-additions:1">29449</post-id>	</item>
		<item>
		<title>Fast Connections AMC Fined $2.8 Million</title>
		<link>https://appraisersblogs.com/fast-connections-amc-fined-2-8-million-dollars/</link>
					<comments>https://appraisersblogs.com/fast-connections-amc-fined-2-8-million-dollars/#comments</comments>
		
		<dc:creator><![CDATA[VaCAP Board]]></dc:creator>
		<pubDate>Mon, 08 Jun 2020 12:30:16 +0000</pubDate>
				<category><![CDATA[AMC]]></category>
		<category><![CDATA[Appraisal]]></category>
		<category><![CDATA[Appraisal Management Companies]]></category>
		<category><![CDATA[Appraisal News]]></category>
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		<guid isPermaLink="false">https://appraisersblogs.com/?p=24014</guid>

					<description><![CDATA[<p>Fast Connections USA, Inc. &#038; its President, Towhindul Hussain, were found guilty of hundreds of violations&#8230; Well it must be true what they say&#8230; Don’t mess with Texas! The Texas Appraisal Licensing and Certification Board (TALCB) has issued a monetary fine of $2,801,500 against an appraisal management company. Fast Connections USA, Inc. and its President, Towhindul Hussain, were found guilty of hundreds of violations of Texas law and regulations. TALCB found Fast Connections contracted 274 appraisals in Texas without proper registration. These violations have a mandatory fine of $10,000 each. TALCB also found Fast Connections USA failed to pay appraisers&#46;&#46;&#46;</p>
<div class="crp_related     crp-text-only">
<h4>Related Posts:</h4>
<ul>
<li><a href="https://appraisersblogs.com/how-2-destroy-the-appraisal-profession-government-101"     class="crp_link post-26831"><span class="crp_title">How to Destroy the Appraisal Profession</span></a><span class="crp_excerpt"> Anytime the government gets involved in an issue, it tends to have more adverse effects than positive ones. It makes&hellip;</span></li>
<li><a href="https://appraisersblogs.com/time-2-take-out-the-junk-amc-practices-exposed/"     class="crp_link post-34945"><span class="crp_title">It’s Time to Take Out the Junk: AMC Practices Exposed</span></a><span class="crp_excerpt"> Appraisers have spent years carrying the weight of broken AMC practices, and this article pulls every one of those practices&hellip;</span></li>
<li><a href="https://appraisersblogs.com/justice-4-texas-appraiser-ninety-nine-thousand-dollars-price-tag"     class="crp_link post-27544"><span class="crp_title">Justice for Texas Appraiser? You Bet. Price Tag: $99,000</span></a><span class="crp_excerpt"> The Texas Appraiser Licensing and Certification Board is a hot mess, but one with a malicious and callous streak. That&hellip;</span></li>
</ul>
<div class="crp_clear"></div>
</div>
<p>The post <a href="https://appraisersblogs.com/fast-connections-amc-fined-2-8-million-dollars/">Fast Connections AMC Fined $2.8 Million</a> appeared on <a href="https://appraisersblogs.com">Appraisers Blogs</a>.</p>
]]></description>
		
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			<slash:comments>9</slash:comments>
		
		
		<post-id xmlns="com-wordpress:feed-additions:1">24014</post-id>	</item>
		<item>
		<title>Frivolous Complaints Against Appraisers</title>
		<link>https://appraisersblogs.com/TALCB-unfounded-complaints-against-appraisers</link>
					<comments>https://appraisersblogs.com/TALCB-unfounded-complaints-against-appraisers#comments</comments>
		
		<dc:creator><![CDATA[Michael Ford]]></dc:creator>
		<pubDate>Wed, 12 Sep 2018 12:30:07 +0000</pubDate>
				<category><![CDATA[AGA]]></category>
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		<guid isPermaLink="false">https://appraisersblogs.com/?p=19130</guid>

					<description><![CDATA[<p>TALCB noted that roughly 70% of all complaints against appraisers are unfounded&#8230; The American Guild of Appraiser recently wrote to Texas Sunset Commission expressing member concerns and suggested solutions. We urge readers to copy, paste, edit and send their own comments &#8211; even out of state appraisers. Click here to send your comments. Posted AGA comments and concerns Appraiser complaints are allowed to be filed against appraiser by third parties that are not the clients. The appraiser has no recourse to these for recouping costs of defense. Third party complaints by non clients (agents; brokers, buyers, sellers) serve only to&#46;&#46;&#46;</p>
<div class="crp_related     crp-text-only">
<h4>Related Posts:</h4>
<ul>
<li><a href="https://appraisersblogs.com/the-new-improved-fannie-mae-fraudulator-2-is-an-outright-fraud"     class="crp_link post-29449"><span class="crp_title">The New & Improved Fannie Mae “FRAUDULATOR 2.0”</span></a><span class="crp_excerpt"> Originally known as Fannie Mae’s Collateral Underwriter (CU), and subsequently Collateral Underwriter 2.0 (CU-2)i this always dubious product of Fannie&hellip;</span></li>
<li><a href="https://appraisersblogs.com/the-appraisal-fee-debate-exposing-the-amc-fee-deception/"     class="crp_link post-31465"><span class="crp_title">The Great Debate on Appraisal Fees</span></a><span class="crp_excerpt"> She included several different fee split examples indicating AMCs retained as much as 70 percent of the total appraisal fee&hellip;</span></li>
<li><a href="https://appraisersblogs.com/uncovering-flaws-in-fha-appraisal-n-loan-review-process/"     class="crp_link post-31044"><span class="crp_title">Uncovering Flaws in FHA Appraisal & Loan Review Process</span></a><span class="crp_excerpt"> The story of this single mother's harrowing experience with a defective home purchase and HUD's negligent oversight exposes deep flaws&hellip;</span></li>
</ul>
<div class="crp_clear"></div>
</div>
<p>The post <a href="https://appraisersblogs.com/TALCB-unfounded-complaints-against-appraisers">Frivolous Complaints Against Appraisers</a> appeared on <a href="https://appraisersblogs.com">Appraisers Blogs</a>.</p>
]]></description>
		
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			<slash:comments>118</slash:comments>
		
		
		<post-id xmlns="com-wordpress:feed-additions:1">19130</post-id>	</item>
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