Fannie Mae Aqm List

[residentialguy]

21. The lender/client may disclose or distribute this appraisal report to: the borrower; another lender at the request of the borrower; the mortgagee or its successors and assigns; mortgage insurers; government sponsored enterprises; other secondary market participants; data collection or reporting services; professional appraisal organizations; any department, agency, or instrumentality of the United States; and any state, the District of Columbia, or other jurisdictions; without having to obtain the appraiser’s or supervisory appraiser’s (if applicable) consent. Such consent must be obtained before this appraisal report may be disclosed or distributed to any other party (including, but not limited to, the public through advertising, public relations, news, sales, or other media).

The above cert in a report gives appraiser's consent, so how can they accuse FNMA of "stealing" their data? I don't think CU is is the best idea, I see it for a bureaucratic means of vetting the mass of appraisals they accept. If you are afraid of them stealing your data, don't do Fannie work...

Why did they need unions? They agreed to work for low pay, unsafe or unsanitary working conditions. Just don't work for them if they don't like it. Evian spelled backwards is?

 

[timd354]

Looking for the appraisal communities opinion here on what seems obvious to me at least and out of respect for the appraisers on the list I won't post names but there are only 25 names on the list and I've done research and 5 of the names are linked to one mortgage broker that operates as a aka Mini Correspondent Lender and the other names on the list are linked to a small network of lenders under Natty Mac take out investor list but the common link between them all is CMG Financial now given that the UMDP and the UCDP is a joint program between Freddie Mac and Fannie Mae and Freddie Mac has had an exclusionary list forever now is it just me or does this seem like there is much more behind this list than what has been released and if there are any attorneys out there that wish to comment the 5 appraisers that are on the list want to hear from you because they have proof that the loans were ineligible to be sold to Fannie Mae and were originated in violation of numerous laws, ECOA, TILA, Valuation and Appraisal Independence, and this is possibly known to Fannie Mae as they are investors to Natty Mac the same network of lenders that the appraisers are being intentionally placed on the AQM List over , remember appraisers do not have access to any Fannie Mae tools or portals and if somehow that many appraisers are linked to just a few Lenders out of the 98,000 appraisers in the U.S. and the 30,000+ lenders and brokers something seems off to me and seems like the lack of transparency is Fannie Mae hiding something after all the UCDP and CU is built on data they stole from us and what would the list reveal if it showed the Originators of the Loans as well as the Insurers and Approved Fannie Mae Lender/Sellers that sold the Loans to Fannie Mae. These systems are built on tax payer dollars and stolen appraisal data and the freedom of information act should allow all appraisers access to a database that keeps records of us by name and a identifying number.

Appraisers complain and moan constantly about no one doing anything about the bad apples in the professions and when Fannie Mae finally steps up and does something about a few of the bad apples, some appraisers complain about that. The fact that in 2 years since they started the AQM, Fannie only has 25 appraisers on the list tells me three things: First, that tells me that those 25 appraisers are most likely very bad actors and repeat offenders. Secondly, it tells me that Fannie Mae is being very careful and really vetting out bad actors before they add anyone to the AQM list and are currently only adding the worst of the worst. Third, it tells me that Fannie Mae is not conducting some sort of vendetta against appraisers because if they were, there would be a lot more names on the list.

Finally, even if the loans involving the five guys that you are apparently familiar with were bad loans in ways other than the appraisal, that does not excuse bad behavior on the part of the appraisers.

 

[timd354]

Maybe this needs to be court tested.

I would guess that it won't because the fact that Fannie MAe has only put 25 appraisers on the AQM list in more than 2 years since the AQM list was established tells me that Fannie Mae is being extremely careful and diligent before adding anyone to the list and has only added appraiser to the list that are really bad actors that they have the goods on.

 

[djd09]

I would guess that it won't because the fact that Fannie MAe has only put 25 appraisers on the AQM list in more than 2 years since the AQM list was established tells me that Fannie Mae is being extremely careful and diligent before adding anyone to the list and has only added appraiser to the list

My statement was in regards to the pre-printed certs. Maybe i should have clarified more but if you followed the thread conversation that is what they were talking about.

really bad actors that they have the goods on.

But since you brought it up, fannie has the goods on the really bad actors, huh? They couldn't even find the bad actors within their own framework. Didn't fannie get immunity when prosecuted for sec fraud. hysterical

 

[djd09]

25 bad apples in two years. When the next crash happens they shouldn't blame the bad appraiser anymore. Only 25 in two years. I can find 25 questionable sales on the local MLS in 10 minutes.

 

[Meandering]

But since you brought it up, fannie has the goods on the really bad actors, huh? They couldn't even find the bad actors within their own framework. Didn't fannie get immunity when prosecuted for sec fraud. hysterical

And none of those appraisers got off with millions of dollars in golden parachutes too.



To sets of rules! That's what bridging divides is all about. United!

 

[Terrel L. Shields]

cert in a report gives appraiser's consent,

So when a bank robber asks the teller politely to hand over the cash drawer, that is consent? Do they have a choice really? Eat or starve.

 

[TRESinc]

So when a bank robber asks the teller politely to hand over the cash drawer, that is consent? Do they have a choice really? Eat or starve.

not even close to being similar. no one is forcing someone to do appraisals destined for FNMA. there are lots of way to appraise without entering the residential lending segment, you are an example of that.

 

[residentialguy]

not even close to being similar. no one is forcing someone to do appraisals destined for FNMA. there are lots of way to appraise without entering the residential lending segment, you are an example of that.

No one forced workers to work in sub-par working conditions and low pay, either. Unions seemed to disagree.
Maybe you're a spokesperson for unfettered capitalism.

 

[TRESinc]

No one forced workers to work in sub-par working conditions and low pay, either. Unions seemed to disagree.
Maybe you're a spokesperson for unfettered capitalism.

well then form an appraiser union and save us all. then again if unions were the answer to all problems there would be a lot more of them and appraisers would have their own.

or appraisers can stop whining about things they don't like and do something to improve themselves so they have other avenues of revenue aside from residential lending work. i have no pity for someone who won't take the necessary steps to improve their situation, and in our profession is is quite easy to do if one just puts forth a little effort. at one point i was exclusively doing lending work however that is not the case anymore. i wanted to improve myself and i did, and at the same time diversified my business which was a positive move as well.