Allegations of Appraiser racism

[Dublin ohio]

The PUD cc&rs can be overridden when they are not in line with the law, like the ones that forbid anyone but whites in them

CC & R's on Pud's would typically be in line with the law from the start. As well as being in line with zoning. Would be virtually impossible to make new zoning regs. retroactive. As far AS only being to sell to whites. Those were deed restrictions that had nothing to with Puds and have been illegal for decades. I can still find old recorded deeds with those restrictions.

 

[Sadie]

CC & R's on Pud's would typically be in line with the law from the start. As well as being in line with zoning. Would be virtually impossible to make new zoning regs. retroactive. As far AS only being to sell to whites. Those were deed restrictions that had nothing to with Puds and have been illegal for decades. I can still find old recorded deeds with those restrictions.

The thing is its all unknown right now. Zoning vs deed restrictions vs CC&Rs. Around here, PUD can skirt the minimum site size with density transfers and the like. The whole density zoning thing is new to all of us. Right now not a huge fan.

 

[djd09]

Warren will lead the Banking Subcommittee on Economic Policy and the Finance Subcommittee on Fiscal Responsibility and Economic Growth​

​

Washington, DC - United States Senator Warren (D-Mass.) has been named chairwoman of two U.S. Senate subcommittees, the Senate Committee on Banking, Housing, and Urban Affairs Subcommittee on Economic Policy and the Senate Finance Committee Subcommittee on Fiscal Responsibility and Economic Growth.

She released the following statement:

"I've always used all of my tools in the Senate to fight for change while holding those in power accountable --- and I'm so glad to have two more critical tools. As the chair of two subcommittees tasked with overseeing America's economy, I'll continue to push for racial and economic justice and lasting economic security for families. I'll also use these committees to hold big corporations and their executives accountable and to strengthen our banking, securities, and tax laws --- and make sure they are enforced. Let's get to work!"

Warren To Chair Subcommittees on Banking and Finance | U.S. Senator Elizabeth Warren of Massachusetts

Warren will lead the Banking Subcommittee on Economic Policy and the Finance Subcommittee on Fiscal Responsibility and Economic Growth

www.warren.senate.gov

woke or broke kiddo

 

[George Hatch]

People moved to the burbs to get away from the density. Now that privacy is being "taken" by the govt.

 

[Non Sequitur]

Funny how none of the people wagging their fingers at appraisers are moving into the neighborhoods and voluntarily giving more money for the housing.

 

[Stantheman]

The Fudgester is officially woke and on a rampage. Rumor is HUD is using the phony systemic racial bias Kinard to go on a witch hunt against appraisers—even as far as auditing their appraisal files for the past year.

After we had to become home inspectors, we don't do any work for HUD anymore except for on accident once last year. The all around liability of doing an FHA appraisal is just not worth it.

 

[Carnivore]

I’m not denying the appraisal industry is shamefully under represented by appraisers of color, in large part due to the training system. But here’s the deal, a residential PAREA certification will allow a noob appraiser of color to accept ANY residential assignment. That in no way helps minority appraisers. So let’s create another license category, “secondary market certification” and develop PAREA around that. I agree with the many posters (here and on FB) who are pointing out the current training system is overkill for Fannie form work, so let’s cut to chase and out maneuver the outside interests who either know nothing or are motivated by money from ruining the profession.

Probably True, but we are not issued a license that is restricted to FNMA formwork. Yes, as always the Ethics rule comes into play.

But a License is a License and it's up to us to gain more competence and experience. It is a continuous learning process. I know you recall pre;licensing and it was not easy to get direct assignments from Bank's, but appraisers did it.

 

[Non Sequitur]

Probably True, but we are not issued a license that is restricted to FNMA formwork. Yes, as always the Ethics rule comes into play.

But a License is a License and it's up to us to gain more competence and experience. It is a continuous learning process. I know you recall pre;licensing and it was not easy to get direct assignments from Bank's, but appraisers did it.

I agree, but is it finally time for us (on the resi side) to face the facts and demand a separate license and set of standards for Fannie form work? Nearly all of the drama is centered around that, IMO it would be healthier for the rest of the appraisal world to have separate standards and licensing.

 

[mike32716]

After we had to become home inspectors, we don't do any work for HUD anymore except for on accident once last year. The all around liability of doing an FHA appraisal is just not worth it.

HUD covers ALL fair housing issues. Not just FHA. No one is "safe" just doing conventional mortgage appraisals.

 

[George Hatch]

I don't think the current training for residential appraisers is overkill for performing GSE appraisals.

I think it's easy for the veteran appraisers to forget how much time/effort they spent getting to the "A" stage of competently completing appraisals on the fairly simple appraisal problems. Or how much further into their career they got (usually several years later) before getting to the "B" stage of being capable of working their way through new-to-them appraisal problems. As in, the problems where there is no canned solution.

So when it comes to those atypical problems that's where going back to all those fundamental concepts and principles comes into play. Where the appraiser has to think their way through the basics in order to come up with a solution. Even now when we get into the appraisal problems where there's controversy over the solution, the correct answer always comes down to breaking that problem down to its fundamentals. In fact, we often refer to elements of the Appraiser-101 instruction which don't get commonly used in order to illustrate a point or draw a parallel or come up with a try-this suggestion.

That's why I don't think it's overkill to introduce appraisers to these concepts and applications. They're not actively thinking in those terms as much when they go through the mechanics of report-drives-the-process, but they need a considerable level of that additional competency in order to progress to the next step of "process-drives-the-report".