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1004mc Soon Not To Be Required By Fannie Mae

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timd354 said:
I have also decided that I am done with with this place too. It has simply become impossible to have a rational or intelligent conversation here anymore.

I also wish everyone good luck!
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DWiley said:
I am not sure I am done permanently, but I am taking a “leave of absence” from posting until the participants/moderators restore some degree of civility to the content. Lately it is far to similar to middle school recess.
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I do not post much for various reasons. I do read a lot of the comments especially regarding FHA and VA. I remember when the 1004MC form was put into our hands. It does have some limitations if you just use it as written.....however, I remember when a student asked me "what did you do before the 1004MC?" I said "great question", back in the old days 1980's, there was very little access to data and no courses on how to analyze market conditions. I actually wrote a book and course on how to use the form.....It was probably not perfect, but, I tried. Anyway, we have some very smart and qualified appraisers on this forum. I am from a family of appraisers and personally have 35+ years of experience. My dad loved appraising and did it until he passed away in his 80's. I still love to appraise.....Yes, I do a little AMC work; however, most of my work includes VA and portfolio loans.....I used to do a lot of litigation work when I lived in another state......anyway, I like the 1004MC form overall and will probably expand what I do know......In regard to Danny Wiley, he is a wonderful appraiser, friend and a great asset to our profession. He has done so much for us. Yes, he works for an AMC; however, that does not make him an enemy or a bad person. I would much rather have Mr. Danny Wiley in that spot than anyone else. Someone has to stand up for our profession and there are various ways to do that. I spend zero time complaining and most of my time being thankful for what I have. My income has been great the last five years and I use the tools from appraising to invest what I make. It sure beats complaining about AMC's that are not going away. Thanks again Danny and I hope you stick around as you are super valuable and consistently write good post. Btw, I do not always agree with Danny; however, I always respect him.
 
It is disturbing to read the continual bickering/arguing over minor points between the usual suspects. The noise eventually over shadows the actual major points of the thread topic. What bothers me the most is the pure lack of respect for other forum members. If a member makes a blunder/mistake in a comment large or small is when the thread begins to degrade. The usual suspects don't follow up with a positive comment or a respectful correction. No, instead of being helpful they turn the thread into greased pig wrestling match. They create enough noise so the thread will go into a state of mass confusion causing the major point to be lost.

The end result is not positive. Certain members now have left or are not choosing to participate with responses. IMHO that is a great loss. I will as well as others miss their participation. Frankly we have taken a step or two backwards. That truly is a very sad situation.

I try to live by the following, and admittedly I disappoint myself occasionally: Give Respect - Get Respect
 
timd354 said: " I have also decided that I am done with with this place too. It has simply become impossible to have a rational or intelligent conversation here anymore. "

What a great day! First, the 1004MC and now Timd !
Maybe other members will come back and start posting again.
 
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timd354 said:
I have also decided that I am done with with this place too. It has simply become impossible to have a rational or intelligent conversation here anymore.
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Craig Julian said:
I do not post much for various reasons. I do read a lot of the comments especially regarding FHA and VA. I remember when the 1004MC form was put into our hands. It does have some limitations if you just use it as written.....however, I remember when a student asked me "what did you do before the 1004MC?" I said "great question", back in the old days 1980's, there was very little access to data and no courses on how to analyze market conditions. I actually wrote a book and course on how to use the form.....It was probably not perfect, but, I tried. Anyway, we have some very smart and qualified appraisers on this forum. I am from a family of appraisers and personally have 35+ years of experience. My dad loved appraising and did it until he passed away in his 80's. I still love to appraise.....Yes, I do a little AMC work; however, most of my work includes VA and portfolio loans.....I used to do a lot of litigation work when I lived in another state......anyway, I like the 1004MC form overall and will probably expand what I do know......In regard to Danny Wiley, he is a wonderful appraiser, friend and a great asset to our profession. He has done so much for us. Yes, he works for an AMC; however, that does not make him an enemy or a bad person. I would much rather have Mr. Danny Wiley in that spot than anyone else. Someone has to stand up for our profession and there are various ways to do that. I spend zero time complaining and most of my time being thankful for what I have. My income has been great the last five years and I use the tools from appraising to invest what I make. It sure beats complaining about AMC's that are not going away. Thanks again Danny and I hope you stick around as you are super valuable and consistently write good post. Btw, I do not always agree with Danny; however, I always respect him.
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With the abuse that I have absorbed from certain posters, nobody has more reason to leave than me. That said. I know AMC’s will be around. That is no reason for me to accept illegal antitrust actions from any corporation or market structure. I don’t agree with deceptive truth in lending disclosures on appraisal fees. Let AMC’s disclose their own fees. Let the GSE’s disclose their fees. Let them quit using appraiser’s intellectual data.

Some corporations and/or people are breaking appraisal licensing or business licensing laws as well.

So now, when people or corporations realize they might be getting in trouble on antitrust law or other laws, they want to say let’s do away licensing laws or let’s do away with USPAP.

I appreciate the kind words you shared on Dwiley, but my main point to you is I am not complaining about AMC’s going away. I am complaining about laws being broken and business practices that are unethical to the public.
 
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