What is a required declaration. HEY, I COUNDN'T MEASURE IT ANSI CORRECTLY. Ok, 'above grade' means what", Is 95% above grade considered below grade finished. I don't know if i hate ansi, OR it's the idIot savants who make these rules whom i hate.
Right on time....
A GSE exec bragged about their plans to drastically reduce the number of residential appraisers on their roster in favor of computer models.
appraisersblogs.com
Fannie Mae “FRAUDULATOR 2.0” is a troubling development, resulting in outright fraud being perpetrated against banks.
appraisersblogs.com
Fannie Mae continues their effort to get rid of Appraisers. This lack of transparency speaks volumes about their true intention.
appraisersblogs.com
FNMA is evil, and it appears grossly incompetent when it comes to anything to do with the CU system and the appraisal process. We'd suspect just about everyone whom wrote original rules and guidelines is long gone, and those whom replaced those people never understood or bothered to read the rules in the first place. Whomever offers them the most money or access, is whom they bend over and listen to, immediately adjust policy for. When it comes to ANSI, the ANSI group ignored every single appraiser objection and input from multiple working and consultation groups, rammed this through to appease the green building industry whom was also cutting special deals in the finance sector. Appraisers dealing with this measurement standard which is completely contrary to entire states building codes and normal standards, is a by product of capitation to private builder and manufacturers wanting a uniform standard for their various energy saving certifications and operational projections.
Current status of FNMA managers; Tap dancing on a bubble, cigar and whiskey in hand.
It's past time to reform fannie and freddie, they have created massive problems which nobody dares to even recognize much less solve.
Fannie Mae has been a breeding ground for fraud & abuse, dismantling critical underwriting standards that once protected our housing market.
appraisersblogs.com
When it comes to an ansi conflict provide two grid presentations not just one. The proper way, and then jack everything up for 'ansi compliance'. Label them clearly. Example. I like to include the local Colorado MLS size measurement guidance to illustrate how we are supposed to measure in this state.
Even the ANSI website and purchase link says; this voluntary standard.
So how does FNMA reconcile the ever polluted data in the CU system from competent appraisers using the exception, and incompetent appraisers using ANSI in jurisdictions and entire states where everything from building code, assessment reporting, the local MLS, and every other customary standard and expectation exists which does not recognize ansi? They get rid of the exception code. Idiots.
Because you see it's not about the code or the standard.
It's about racketeering and replacing the independent appraiser with internally controlled avm utilities via the avm final rule. It's what the PAVE task force was put in place to finally establish. They needed an excuse. The lenders, fintechs, mega investors, they've all been developing software and automation, and patenting that for some time. It's not a coincidence all this rolled downhill to crush the gse side of the appraisal industry when they were ready to implement the programs.
Just when they finally had the nearly full range of patented software staged and ready; Racist appraisers. Valuation bias. Unsigned state complaints. Illegal investigations and ignoring due process. Raised waiver thresh hold. Accellerated hybrid programs. Enter property data collectors. Give AMC's complete control. The avm final rule. Co opting every appraisal trade group in the process along the way.
Never forget the AMC is an agent of the lender, the AMC represents the lender as if the lender was there and present in the room. The entire regulatory and oversight system revolving around appraisal and it's tie in with mortgage lending is dysfunctional, nobody does anything and AMC's fundamentally altered many of their business approaches and handling methods to carve out effective work arounds to avoid OCC FTC SEC DOJ scrutiny. ASC asleep at the wheel, AI co opted, midnight closed door meetings with AMC execs, TAF paying Brookings lawyers whom went after appraisers, watching social justice documentaries over milk and cookies with Andre, jet setting around the world and selling overpriced books to a captive audience every two years, ignoring administrative proceedural rules nationwide. The state boards co opted and compromised by having an agent of the lender (the AMC person) sit there and oversee appraiser complaints, shielding the MB side. AQB marching to the beat. CU system never worked as inteneded, it's been a mirage and ruse this entire time, implemented to justify intellectual data theft and shut down an entire industry. Corelogic was behind the software structure and patent that system was built around in the first place. And that's why they rushed everything appraisal for hostile business take over possible. They wanted the data and the proprietary software process.
Research the patents and actually read or scroll through them, see for yourself. They're all claiming racist appraisers while their own proprietary software is built around stereotypes that if the general public became more aware, they'd be shocked and offended.
Seeing how this works yet?
singlefamily.fanniemae.com
