Virginia Board 8/19 meeting may have national coverage

[DWiley]

The Virginia Board is a shining example of just that.

I have had the opportunity to interact with many of the state boards. I have attended many AARO meetings, state conferences, etc. Some states are doing a good job. The great majority are not. If you are lucky enough to live in one of the 8-10 states that are doing a good job, that's great. What about the rest of the country?

With some (minimal) federal oversight, 80% of the states still do a fair to poor job. I cannot follow the logic of how completely removing federal oversight will improve states' performance. It's like claiming that some rebellious teenager's behavior would improve if the parents simply moved out of the house.

I agree that disciplinary proceeding should be public. Can you provide examples of states where they are not?

 

[Carnivore]

Danny,

According to everyone, the mortgage industry problems pertain to sub-prime. That pretty much eliminates the federal oversight issue as it pertains only to FRT's.

Unless of course we are admitting that much of the sub-prime out there is masquareding as prime. If thats so, sounds like more oversight of bankers is needed.

Additonally, the appraisal boards are already regulated by their respective states on performance. I dont want Feds telling my state what they will or will not do!

No my beef is with the crowd at the NCAB that hand slapped appraisers who committed outright fraud! i.e. making up all their comps, hiding the fact the subject is gutted out... hiding the fact the subject has been flipped 4 times in one month or so... etc etc engaging in rackteering with mortgage brokers...having numerous trainees and signing as did inspect.

 

[Bearslide]

I have had the opportunity to interact with many of the state boards. I have attended many AARO meetings, state conferences, etc. Some states are doing a good job. The great majority are not. If you are lucky enough to live in one of the 8-10 states that are doing a good job, that's great. What about the rest of the country?

I don't have the good fortune to live in one of the states that is doing a good job. That's the point - most of us don't. It is way past time for all of us to stand up and start screaming - publicly - at the state board meetings.

With some (minimal) federal oversight, 80% of the states still do a fair to poor job. I cannot follow the logic of how completely removing federal oversight will improve states' performance. It's like claiming that some rebellious teenager's behavior would improve if the parents simply moved out of the house.

That's where public outcry has to play a part. I have yet to run across any ordinary citizens who think the feds are doing a good job on ANYTHING. With their sterling record, I agree with Carney - I do NOT want the feds coming in here and telling my state what to do. What I want is for my state, and others, to start doing what they should have been doing all along. Virginia is to be admired - and I hope other states will take a page from their book.

I agree that disciplinary proceeding should be public. Can you provide examples of states where they are not?

Yes - Nevada and Pennsylvania - there are probably others. Florida just recently went public.

 

[DWiley]

I don't have the good fortune to live in one of the states that is doing a good job. That's the point - most of us don't. It is way past time for all of us to stand up and start screaming - publicly - at the state board meetings.

I think the appraisal commission in my state would love to do a better job, but they can't as long as the state keeps reallocating the funds that were intended for appraiser regulation. Appraisers screaming at meetings isn't going to force the state to change that policy. The state board doesn't get to make the rules about how it is funded, that is up to the state legislature.

FIRREA needs two tweaks: (1) give the ASC more power so they can actually regulate rather than just threaten and posture and (2) states should be required to spend the money taken in by appraiser licensing fees, con ed approval, etc. for the regulation of appraisers. They should not be allowed to use that money as "general funds"

 

[PropertyEconomics]

Part of the $12B a month we are spending on war could be awarded to the states for regulation .... the ASC would have power over those states not taking actions ... with proper funding we would all have plenty of work and there would be a lot fewer of us ....

 

[Workbox]

I think the appraisal commission in my state would love to do a better job, but they can't as long as the state keeps reallocating the funds that were intended for appraiser regulation. Appraisers screaming at meetings isn't going to force the state to change that policy. The state board doesn't get to make the rules about how it is funded, that is up to the state legislature.

Maybe you should put as much effort for your state for change or no change as you did for FNC.

 

[Workbox]

They seem to use their authority when it suits them - I distinctly remember they decided to over-ride those states who wanted to ban driveby appraisals- which should have happened, at least for lending purposes.

If states have not done the right thing during a time with federal oversight, how can one realistically think they will do the right thing sans that oversight? qoute]

Oh yes - we all know what a marvelous job the feds have done. They have let the lenders run amuck. That's real oversight for you. I believe the states could do a better job, particularly if their citizens complain loud and long. I am seeing evidence that the states are taking this crisis more seriously than the feds.

The feds have proven they are in bed with the money men. If they had done their jobs, we wouldn't be where we are, so it is time for the states to take back control. The Virginia Board is a shining example of just that.

They are paying attention. And yes, it is evident that many do not want to rock the boat. Now they want the same with ASC and I am sure we will see their White Knight(s) here in behalf of their crusade. Paid mercenaries of course.

The Boards need to have their chance now, This is not about money any more. It is for a higher purpose, but it seem that some forget that.

 

[Bearslide]

Workbox;1666326]They are paying attention. And yes, it is evident that many do not want to rock the boat. Now they want the same with ASC and I am sure we will see their White Knight(s) here in behalf of their crusade. Paid mercenaries of course.

The Boards need to have their chance now, This is not about money any more. It is for a higher purpose, but it seem that some forget that

It figures Texas would have the stones to say NO. Good for them! I wish PA had not knuckled under to the ASC. Drivebys, for the most part, are an abomination.

If that is the type regulation folks are lobbying for the ASC to have, I want no part of it. All that little move did was give the lenders more of their way. And their way has proven not to be good for anyone.

You KNOW I agree with you - it is time for the State Boards and State Legislators to step up to the plate and for the money men and their bedmates to get out of the way.

Get Thelma's leaves outta your hair yet?

 

[Pamela Crowley (Florida)]

It's time for almost all new blood in TAF, ASC, AQB, and almost all the States Appraisal Boards.

NO lenders should be involved with ANY of these organizations!!!

If the AI has 10% membership of all appraisers, then they should not have any more than 10% membership in any of these agencies.

 

[Michael Tipton]

It's time for almost all new blood in TAF, ASC, AQB, and almost all the States Appraisal Boards.

NO lenders should be involved with ANY of these organizations!!!

If the AI has 10% membership of all appraisers, then they should not have any more than 10% membership in any of these agencies.

I believe FREAB currently has two vacancies on the board. None of the current members are from SE Florida. Anyone interested?