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  #1  
Old 10-13-2010, 08:19 PM
Joyce Potts's Avatar
Joyce Potts Joyce Potts is offline
 
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Default Huggins, etc., vs. FNC Oral Argument Recording

United State Court of Appeals - 5th Circuit

http://www.ca5.uscourts.gov/OralArgumentRecordings.aspx

Well worth the 42 minutes of listening, IMO--If for no other reason, than both sides of the story are finally coming out. A hearty JOB WELL DONE to the appraisers who filed this suit on behalf of ALL the appraisers, whether some of you realize or agree with it or not. That took guts

And shame on the AI for the part they may have played in the AI Ready development that served to compete directly against their residential membership.

I'm hoping that the recent rumblings of the commercial AVM's wasn't the straw that finally broke the camel's back in breaking from TAF, but better late than never, I suppose.

Joyce J. Potts, SRA
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  #2  
Old 10-13-2010, 08:36 PM
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Marion Rhodes Marion Rhodes is offline
 
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Thanks Joyce.
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Old 10-13-2010, 08:49 PM
NORTON NORTON is offline
 
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very interesting......it seems like halfway through, the judge is seeing our point....will update once i get all the way through.

The FNC lawyer is willing to concede wrong doing, but just not the level of the allegations.

Do u think the AI will ever fess up to the problem they helped create?

Last edited by NORTON : 10-13-2010 at 09:02 PM.
  #4  
Old 10-14-2010, 12:54 AM
Highlander416 Highlander416 is offline
 
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Just listened. Seemed the judges were seeing things very clearly in the Appraisers favor. They questioned again and again on the theme of using the stolen data as their own.
  #5  
Old 10-14-2010, 08:07 AM
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Joyce Potts Joyce Potts is offline
 
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Quote:
Originally Posted by Highlander416 View Post
Just listened. Seemed the judges were seeing things very clearly in the Appraisers favor. They questioned again and again on the theme of using the stolen data as their own.
I remain cautiously optimistic. But the arguments and the judges' comments are pretty enlightening. The seem to 'get it', but we'll see.
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Old 10-14-2010, 08:16 AM
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Quote:
Originally Posted by Joyce Potts View Post
I'm hoping that the recent rumblings of the commercial AVM's wasn't the straw that finally broke the camel's back in breaking from TAF, but better late than never, I suppose.
Now that's funny! The reason was obvious and had nothing to do with a commercial AVM which would be signficantly less reliable than a residential AVM (think volume and consistency). Can you say "red herring?"
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Old 10-14-2010, 09:31 AM
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Thanks for posting. I particularly enjoyed the uncomfortable parts on the side of the defense as well as the chuckles from the bench. It's interesting how absurd the whole thing is once people are informed to the actual "going on's."

I expect to see more of this as the door slowly opens on this kind of nonsense.

"Can you repeat the question?"
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  #8  
Old 10-14-2010, 01:37 PM
Highlander416 Highlander416 is offline
 
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Yes, you could hear the judges laughing at the FNC argument. However, the argument of whether the case can continue under the act they are arguing remains to be seen. The judges also seemed to question whether the case was being brought in the right manner. This is going to be interesting.
  #9  
Old 10-14-2010, 01:59 PM
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Check out 11:50... "Why should lenders pay an appraiser $450...?"

More C&R evidence. lol

How do appraisers have an argument when each report we send acknowledges that the report can be distributed to data collection and reporting services?
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  #10  
Old 10-14-2010, 03:31 PM
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Apparently FNC's argument is that they only commited State fraud, not Federal fraud.
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