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Appraisal Institute Applauds Senate Banking Committee’s Upcoming Markup of Key Appraisal Provisions​


“We applaud Chairman Scott and Ranking Member Warren for bringing these thoughtful, balanced proposals forward for markup,” said Scott DiBiasio, Director of Government Affairs for the Appraisal Institute. “These provisions will help improve consumer engagement, enhance appraisal quality, and support the next generation of appraisers.”

“This legislation represents a meaningful step forward for both consumers and appraisers,” DiBiasio added. “We appreciate the Committee’s recognition of the vital role appraisal plays in ensuring transparency and fairness in the housing finance system.”

The Appraisal Institute looks forward to working with lawmakers to support the enactment of these policies. We also thank Sen. Warnock and his staff’s willingness to listen to our concerns regarding the public appraisal database and Sens. Cramer and Gallego for their work in strengthening key provisions and their continued support for a credible, independent appraisal profession.


i cant stop laughing... :rof:
 

Why Mortgage Lenders Are Ignoring Trump’s Rollback on Home Appraisal Reviews​


Some of the country’s biggest lenders, including JPMorgan Chase & Co., Bank of America Corp. and U.S. Bancorp, said they would make no policy changes as a result of the rollback.
New American Funding, which also isn’t planning to change its approach, was the only financial institution of more than 10 contacted by Bloomberg to disclose information about disputed home valuations. The Tustin, California-based mortgage lender, which provided roughly $14 billion of mortgage loans last year, said an average 2.5% of its customers request new valuations each month. Of those contested, roughly 22% are found to need an adjustment. New American didn't share a breakdown of borrowers’ requests by race.

“The changes have made it much easier for the borrower,” said Michelle Rogers, New American’s chief valuation officer. “It’s more transparent and the borrower knows they can initiate it.”

PAVE recommended more training for home appraisers and higher standards for appraisers seeking to qualify for professional licenses. Those changes were handled by the Appraisal Foundation, a nonprofit organization that serves as the regulator for home appraisers.

A spokeswoman for the foundation declined to comment on the Trump administration’s recent changes, but said that new education and licensing standards put in place last year are still in effect.

www.livemint.com

Why Mortgage Lenders Are Ignoring Trump’s Rollback on Home Appraisal Reviews | Company Business News

Federal reforms aimed at addressing race disparities in home appraisals face opposition from the Trump administration. But some of the country's biggest banks say they'll keep their policies.
www.livemint.com www.livemint.com

TAF thinks ao 39 and 40 are standard operating procedures....woke jokes :rof:
 
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djd09 said:

Appraisal Institute Applauds Senate Banking Committee’s Upcoming Markup of Key Appraisal Provisions​


“We applaud Chairman Scott and Ranking Member Warren for bringing these thoughtful, balanced proposals forward for markup,” said Scott DiBiasio, Director of Government Affairs for the Appraisal Institute. “These provisions will help improve consumer engagement, enhance appraisal quality, and support the next generation of appraisers.”

“This legislation represents a meaningful step forward for both consumers and appraisers,” DiBiasio added. “We appreciate the Committee’s recognition of the vital role appraisal plays in ensuring transparency and fairness in the housing finance system.”

The Appraisal Institute looks forward to working with lawmakers to support the enactment of these policies. We also thank Sen. Warnock and his staff’s willingness to listen to our concerns regarding the public appraisal database and Sens. Cramer and Gallego for their work in strengthening key provisions and their continued support for a credible, independent appraisal profession.


i cant stop laughing... :rof:
Click to expand...

I see Scotts back to lobbying for everyone other than the working appraiser. I don’t know how members of AI haven’t demanded his dismissal yet.
 
djd09 said:

Senator Reverend Raphael Warnock advances bipartisan legislation to address the national housing crisis​


Tuesday, July 30th, Senator Reverend Raphael Warnock voted to advance legislation that will improve access to affordable housing. The housing legislation was voted out of the Senate Banking Committee by a vote of 24-0 and will now go to the full Senate.

www.wuga.org

Senator Reverend Raphael Warnock advances bipartisan legislation to address the national housing crisis

Today, Tuesday, July 30th, Senator Reverend Raphael Warnock voted to advance legislation that will improve access to affordable housing.
www.wuga.org

no chance of passing... :rof:
Click to expand...
Either vote to pass it through or take the chance of being called a racist, etc, etc. It reeks of DEI, which will make passing the bill difficult at the best
 
djd09 said:
PAVE recommended more training for home appraisers and higher standards for appraisers seeking to qualify for professional licenses.
Click to expand...
It's not a "professional license" when you make less than an Uber driver or delivering food for doordash.....
 
djd09 said:

Senator Reverend Raphael Warnock advances bipartisan legislation to address the national housing crisis​


Tuesday, July 30th, Senator Reverend Raphael Warnock voted to advance legislation that will improve access to affordable housing. The housing legislation was voted out of the Senate Banking Committee by a vote of 24-0 and will now go to the full Senate.

www.wuga.org

Senator Reverend Raphael Warnock advances bipartisan legislation to address the national housing crisis

Today, Tuesday, July 30th, Senator Reverend Raphael Warnock voted to advance legislation that will improve access to affordable housing.
www.wuga.org

no chance of passing... :rof:
Click to expand...
The website you reference is confusing Warnock's proposed legislation (which is Senate bill 2322 and has not been voted on at all by the Banking Committee) with another bill called the Renewing Opportunity in the American Dream (ROAD) to Housing Act of 2025 that was voted out unaminously by the Banking Committee.

Here is a link to official legisaltive history of Warnock's Bill, which shoiws it has been referred to the Banking Committee on 7/17/25, but has yet be voted on by that committee: https://www.congress.gov/bill/119th-congress/senate-bill/2322/all-info

By the way, there may be some appriasal-related items in Renewing Opportunity in the American Dream (ROAD) to Housing Act of 2025 that you and other appraisers may object to and which may not be known to some of the ssenators who voted for the bill, but if you are going to fight against a bill that you think negatively affects your profession, then you probably know exactly which bill actually passed out of the Banking Committe and which bill you are actually need to fight.
 
  • July 29, 2025

Warnock Advances Historic, Bipartisan Legislation Tackling Housing Crisis​


Washington, D.C. – Today, U.S. Senator Reverend Raphael Warnock (D-GA) advanced historic, bipartisan legislation to tackle the nation’s housing affordability and supply crises. The Renewing Opportunity in the American Dream (ROAD) to Housing Act is designed to boost the nation’s housing supply, improve access to affordable housing, and increase the efficiency of the nation’s federal housing programs. The bill is the most transformative housing legislation to advance in the U.S. Senate in nearly 20 years and comes at a moment when Georgians are facing more financial obstacles to afford rent or buy a home. Senator Warnock championed several provisions in this housing package, including his Appraisal Modernization Act, which would help empower Georgians with more data and tools to fight bias that would lower their homes’ values. The housing legislation was voted out of the Senate Banking Committee unanimously by a vote of 24-0. It will now be considered by the full Senate.

https://www.warnock.senate.gov/news...partisan-legislation-tackling-housing-crisis/

read and weep... :rof:
 
Surf Cat said:
It's not a "professional license" when you make less than an Uber driver or delivering food for doordash.....
Click to expand...
It's really not a professional license but
a occupational license and a tax paid to your state. No different than a barber, contractor or any other trade license.

I don't know anyone whose ever really considered residential field production appraisers to be a profession. If you don't believe me just ask anyone in the public or others in the Real Estate Industry.
 
djd09 said:
  • July 29, 2025

Warnock Advances Historic, Bipartisan Legislation Tackling Housing Crisis​


Washington, D.C. – Today, U.S. Senator Reverend Raphael Warnock (D-GA) advanced historic, bipartisan legislation to tackle the nation’s housing affordability and supply crises. The Renewing Opportunity in the American Dream (ROAD) to Housing Act is designed to boost the nation’s housing supply, improve access to affordable housing, and increase the efficiency of the nation’s federal housing programs. The bill is the most transformative housing legislation to advance in the U.S. Senate in nearly 20 years and comes at a moment when Georgians are facing more financial obstacles to afford rent or buy a home. Senator Warnock championed several provisions in this housing package, including his Appraisal Modernization Act, which would help empower Georgians with more data and tools to fight bias that would lower their homes’ values. The housing legislation was voted out of the Senate Banking Committee unanimously by a vote of 24-0. It will now be considered by the full Senate.

https://www.warnock.senate.gov/news...partisan-legislation-tackling-housing-crisis/

read and weep... :rof:
Click to expand...

Why would I weep? I am going to get paid the same whether or not this bill passes.

In any case, some language from Warnock's appraisal modernization act made it ito the package, but not all of it and some of the language was changed....in any case if you are going to fight against some bill, at least take the time to know what bill you are fighting against.
 
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