Data Cancer found....

[alebrewer]

I agree that Phil is a professional.

But I never said he was a professional. I said he seems to be a big boy (not to be taken literally of course). I don't know the guy. He may be a consummate professional. Then again - he may not.

 

[Maveric33]

My work load dropped off the face of the earth 10-2024 - No appraisal loans . Hmm maybe GSE's replacing us with all the UAD data we have been feeding them since 2009. I am getting only

 

[Alsie35]

What are you talking about? LOL. I just posted the forum rules. My point is that some people are allowed to break them while others aren't. As for you calling me "Karen," it doesn't bother me at all. In fact, I find it kind of ironic and funny.

He's just trying to be "Hep to The Times"

 

[Surf Cat]

I think it's a bummer that the "Voice of the Appraiser" didn't come back to an "Appraiser's Forum" after his first post in which he defended himself... then took a sniper shot, then subsequently bailed.

I know, he stated wait for the full report..... but he could have added to this thread in a significant way and quelled some of the accusations that were made. I would have liked to have heard some of his opinions and theories on the subject matter off the cuff and unscripted.

 

[J Grant]

I realize you're emotionally involved with these themes, but if you want to get militant about the rules of this place, the posts I made to which you and he are objecting to were posted prior to him becoming a member of this forum. He wasn't a member when I commented about elements which I think are significant to his analysis.

I just told JGrant yesterday to stop lying about what I say, and that wasn't the first time I've told her that. FTR, I consider lying to each other or lying about each other to be a far more serious breach of forum etiquette than telling the offender to stop lying. Don't start nothin' and there won't be nothin'.

I never lied about what you said.

You made post after post arguing against disclosure wrt WAIVERS - with calling it that but the gist of the arguments were about why it was not needed, and just call the agent if you are an appraiser etc. ) I merely asked you why you were against disslosing Waiver and you got offended and said I lied.

If you favored disclosing a WAIVER then why not just state it -it is normal for people who support disclosures to state I support a disclosure simply.

 

[J Grant]

My work load dropped off the face of the earth 10-2024 - No appraisal loans . Hmm maybe GSE's replacing us with all the UAD data we have been feeding them since 2009. I am getting only

California was tough even during the good times and now with WAIVERS replacing a hefty portion of appraisals it will be worse - I don;t know your personal situation but I can not advise any person with a good amount of working years left to keep appraising with just a res license unless they already have a book of enough clients to keep them busy or okay with it part-time supplemental income

 

[Joyce Potts]

I think it's a bummer that the "Voice of the Appraiser" didn't come back to an "Appraiser's Forum" after his first post in which he defended himself... then took a sniper shot, then subsequently bailed.

I know, he stated wait for the full report..... but he could have added to this thread in a significant way and quelled some of the accusations that were made. I would have liked to have heard some of his opinions and theories on the subject matter off the cuff and unscripted.

Why would Phil Crawford waste his time? There's a reason I rarely post on this forum anymore. It's become a group of Karens.

All Phil Crawford did was take a single example that took place in his 'back yard' to illustrate how a waiver could have an impact on the market. That's all. Did it strike a nerve? Go to YouTube and search for Market Moves - Freddie Mac on Appraisal Waivers and listen to Danny Wiley's comments that dropped within 24-48 hours of Phil's broadcast. Perhaps thou dost protest too much.

There is only one source of data as to appraisal waivers and if they have any impact on market values OR loan losses, and that's Fannie and Freddie. Waivers are not likely to be disclosed in any MLS for a reason. In Phil's example, while any data set can be flawed, I'm not seeing how the overall 'common sense approach' to a potential market impact doesn't raise an eyebrow, at the very least. In the big scheme of things will it make a difference? <shrug> I doubt it. ~10% of purchases with most waivers associated with a substantial down payment--who cares?

For refi's already on the books--to Danny Wiley's point, who needs a full blown appraisal for those scenarios?

Technology is advancing and while I would have hoped it would have prompted most appraisers to raise their game, it's become obvious to me that appraisers are so far removed from embracing any statistical analysis in their daily work, it's no wonder AVM's and Hybrid products are winning the race.

It's easy to find fault with any analysis. Why doesn't George Hatch run his own analysis in his own back yard in Carlsbad and test Phil's waiver theory? Apparently, he has time on his hands.

 

[George Hatch]

I never lied about what you said.

You made post after post arguing against disclosure wrt WAIVERS - with calling it that but the gist of the arguments were about why it was not needed, and just call the agent if you are an appraiser etc. ) I merely asked you why you were against disslosing Waiver and you got offended and said I lied.

If you favored disclosing a WAIVER then why not just state it -it is normal for people who support disclosures to state I support a disclosure simply.

I have NOT made any such comment. Not even once. And this isn't the first time I've pushed back on your chronic creative reimagination interpretations of my comments, either.

I have stated in this thread that I favor disclosure of everything. And I have repeatedly denied opposing it across all of these and related discussion threads. You just don't "feel" like I've been sufficiently vocal about it.

 

[J Grant]

I have NOT made any such comment. Not even once. And this isn't the first time I've pushed back on your chronic creative reimagination interpretations of my comments, either.

I have stated in this thread that I favor disclosure of everything. And I have repeatedly denied opposing it across all of these and related discussion threads. You just don't "feel" like I've been sufficiently vocal about it.

I did not say you made that specific comment

I pointed out that you're arguing for pages about how disclosures wo n't change anything, and appraisers should call an agent if they want to find out implies a position. Perhaps re read your own posts to try to get a perspective on them.

 

[George Hatch]

Why would Phil Crawford waste his time? There's a reason I rarely post on this forum anymore. It's become a group of Karens.

All Phil Crawford did was take a single example that took place in his 'back yard' to illustrate how a waiver could have an impact on the market. That's all. Did it strike a nerve? Go to YouTube and search for Market Moves - Freddie Mac on Appraisal Waivers and listen to Danny Wiley's comments that dropped within 24-48 hours of Phil's broadcast. Perhaps thou dost protest too much.

There is only one source of data as to appraisal waivers and if they have any impact on market values OR loan losses, and that's Fannie and Freddie. Waivers are not likely to be disclosed in any MLS for a reason. In Phil's example, while any data set can be flawed, I'm not seeing how the overall 'common sense approach' to a potential market impact doesn't raise an eyebrow, at the very least. In the big scheme of things will it make a difference? <shrug> I doubt it. ~10% of purchases with most waivers associated with a substantial down payment--who cares?

For refi's already on the books--to Danny Wiley's point, who needs a full blown appraisal for those scenarios?

Technology is advancing and while I would have hoped it would have prompted most appraisers to raise their game, it's become obvious to me that appraisers are so far removed from embracing any statistical analysis in their daily work, it's no wonder AVM's and Hybrid products are winning the race.

It's easy to find fault with any analysis. Why doesn't George Hatch run his own analysis in his own back yard in Carlsbad and test Phil's waiver theory? Apparently, he has time on his hands.

Is it your opinion that if we see something in someone's analysis that we shouldn't comment on it? That it's somehow disloyal to the tribe to look for ourselves?

If I had gone about it this way and you chose to look for yourself and found some errors or omissions I'm 100% positive that you would have not hesitated to call me on it. And rightly so. The ends don't justify the means. I expect no less, and neither should you or anyone else.

What have I said? I know for a fact that appraisers have contributed to data cancer and price creep for many years, so it only makes sense that the waiver program has similar potential to add to that problem. I think there are probably better examples out there to demonstrate the reasoning therein. I just don't think this one is a great example to be using due to combination of the larger-than-avg size + the view amenity.

Do you disagree with my opinion that this isn't a great example to be selling this theme to other appraisers? Would you have used it if you were making this point? Or would you have chosen a basic subdivision home that was well bracketed instead?