Well, perspective and all. As long as the taxpayer is backing gse lending, no deal, and that is a dangerous suggestion. The limited risk in one area is inconsequential compared to the bigger picture of taxpayer backed investments throughout this country. Those with lessor means are forced to cover the losses of those with greater means, hence the problem. The relationships of worth to proportion are inconsequential when this much gravity is being managed by bureaucrats not accountable to those they supposedly serve.

If you want lasting meaningful solutions, advocate the government gets out of the business of mortgage lending. aka; wind down the gse’s. History repeats. I find it amazing that appraisers still give any credit to ethics, given the wild west anything goes climate within the lending community so many of us serve. You know, if our ethic gets in their way, call the friendly appraisers up, rewrite the book, sub people out, sweep it all under the rug.

Ethics is supposed to be about morality, nothing more, nothing less. Tell me this industry upholds the highest ethic and I’ll redirect your attention to the monopolized software providers, eroded ‘appraiser independence’, roll over to cfpb fictitious interpretation of C&R (safe harbor rule), highlight the systemic ingrained defrauding of home owners where cost savings are not returned via amc junk fees and strongarming fee depression, point to the proliferation of irresponsible service duty outsourcing, detail the irresponsible nature of not requiring licensed appraiser panel managers, and finish with a question. What’s your fee and turn time?

In other words, seek the truth, spread the truth, and push the truth onto others who at times want to avoid the truth.

Seek the truth.