I am not defending anyone's point of view here. Phil falsely accused Danny's company of participating in the Fannie Mae bifurcated appraisal program pilot and I am just commenting on that what Phil stated is false and I am providing my commentary regarding what Phil's show is about (IMO). I get what Phil is doing...he has built a nice little side business funded by advertisers telling a certain segment of the population what they want to hear...that is no different than what Rush Limbaugh does, what CNN does, what Fox News does what MSNBC does, etc. I am just calling it how I see it and I don't personally any feelings towards Phil as a person or as an appraiser one way or another.
By the way, I don't care one way or another about AMC's. I am only interested whether or not we receive acceptable appraisals and I believe that some AMC's do a good job of managing appraisers and providing good appraisals while others do a horrible job, which is no different than lenders who manage their own appraisal panel. The day that someone can provide objective proof that AMC appraisals are of overall lower quality than non-AMC appraisals and/or loans with AMC appraisals default at a higher rate and/or have default severity that is overall worse than loans with non-AMC appraisals, I will have no issue with calling for the elimination of AMC's or for the adoption of more strict AMC regulations.