It’s all staged, one big lie. Corporate people form their own conclusions, then push puppet politicians and paid for scripted news stories to convince the public why and how to play along. We live in a sea of fake news and illusionary regulatory structure which is meant to enrich corporations, long since abandoning the cause of protecting the American consumer. For the appraisal industry, a little slander here, a little shift there, look the other way now and then, consumers be damned, the investors demand profits. The entire appraisal industry is just another casualty and they’re all happy we’re being phased out of relevance. Functional checks and balances systems are the enemy to the insiders. Stakeholder capitalism appears to be socialism in disguise at this point. We can’t we be ‘stake holders’ too? Where is our vote for our industry? Why can’t the public vote on how they’d like the GSE’s to be ran? The public pays for these institutions but suspiciously never gets a vote.

Great hooks, weak cane. Mabe should oughta have some of the Justise’s in there helping.

I’ve got a meme for that!

Will it ever be different?
Entertainment is wonderful, ain’t it.

Please clarify. Do you support the view that there is market manipulation, or something else?

Thats an invitation to be BULSHTED!
What ever the answer is from another’s view.
What’s the most prestigious MONEY or Power! Ask the Candidates?

Who is easier to take advantage of? A well financially educated borrower, or one whom has less financial education? As far as downward market value effects go, sorry, most instances of default which would otherwise be visible and deflate this housing bubble, are channeled via gse’s as first purchase opportunities to investment entities, thereby artificially propping up market values as well as rental values as the same time. aka; holding first purchase opportunities which should have otherwise gone to citizen based first look programs, as reits instead. Learn our coms.

Mary,

I believe that the values submitted from a client are contingent offers, not value. The appraisers also include a trend for the estimate. Price may always be the same whether the property sells or not. Federal Census Tracts should begin with quarterly begin and which period, like fourth quarter??

FHA normal time estimate of six months can be dealt with at this point. Today’s paper STATED that FHA, & FNMA’s rates are the highest in 30 years. Fewer sales are occurring. Does that mean values in six months SHOULD be predicted downward? Remember the markets years ago went down 40%, how much will it go down today. Or is it already down because many buyers cannot afford the payments?

I remember years ago that I used RE-Negotiated trust deed as value evidence as they were too few sales. Tough to verify and find.

I agree!!

I went to the site you provided and found a link to employment. Out of curiosity, I went to the link assuming I would find a list of positions including appraisers. I was a bit surprised (not really) when I read the attachment below in which they describe who they employ; not one appraisal position mentioned. That seems odd given their concern with appraisers without benefit of any appraiser insight from within their own ranks. Just saying.

“FHFA is a key player in the current and future U.S. housing market as the safety and soundness regulator of the Federal Home Loan Bank System and regulator and conservator of Fannie Mae and Freddie Mac.

At FHFA every employee plays a vital role in meeting our mission and we depend on them to aspire to excel in every aspect of their work; have the highest ethical and professional standards; respect each other, information and resources; and, promote diversity in our employment and business practices.

Our team primarily consists of examiners, accountants, economists, financial analysts, information technology specialists, and attorneys. We also recruit for a variety of other positions such as policy experts, budget and procurement specialists, human resources specialists, facilities and space management professionals and student interns.”

I agree with your sentiment totally and have been saying this for years. They have finally found a formula that works. No one can just come out and say they no longer want appraiser’s (because how would that look) so every effort is being made using intimidation, accusations and criminal threats hoping appraisers will voluntarily just disappear into the night and its working. Face it, we are perceived as a stumbling block to allowing the mortgage industry (big business) to have free, unbridled reign. No one cares about the taxpayers, and this movement to eliminate the appraisal industry (voluntarily) is proof positive.

The “unbiased” NAR National survey recently completed (that included participants in the mortgage industry) showed a racism factor of 2% (keep in mind that is based on perception) however that was not broken down further. It is reasonable to assume it includes any and all differing ethnicity, color and backgrounds; hardly seems to be an appraisal pandemic let alone one specific race being singled out. Of course, none of this is being discussed by anyone at the Government or industry level as that would undermine their predetermined conclusions as they have their “pet” project in their sights, appraisers.

“The data tells us we actually get more accurate condition ratings with a third party inspection,” said Wiley. “I don’t think people see that as potentially something to help with the bias but the data clearly shows that that is a contributor to improving our results and getting less bias in those condition ratings.”

“We came to the conclusion that the percentage of undervaluation in each one of those markets didn’t vary according to the race or the demographics of that area,” said Hogan. “Now, obviously, that would make sense because AVM doesn’t know the race, it’s pretty much blind to those things.”

https://www.nationalmortgagenews.com/news/fhfa-to-make-fannie-freddie-appraisal-data-public

In short, the false narrative being pushed is that there is no bias in AVMs and third party inspections and will help fight bias in appraising!