Give me a break

[Mejappz]

That big 'ol vacuum sucking funds out of taxpayer's pockets is just getting warmed up! But, I expect the salaries, perks, and bennies for Freddie and Fannie employees are not threatened in any way.

No doubt. Results like this would get you fired in the private sector. But in the swamp it gets you a pay raise.

 

[DWiley]

There are certain things that the board wants to be able to rely to in an attempt to streamline its work. That is to say, certain things they want 100% probability are going to be taken care of in the report. I can see that disclosing prior appraisal on the subject as one of those. So, you have to give them that right. Also consider, the appraiser said "he just forgot". But, for the board to verify that, they would have to check his past appraisals. You know how much work that would be for them? They are probably not even set up for that:

1. They have to get a list of all appraisals the appraiser has done over at least the past 4-6 years (min past 1 year plus another 3 years).
2. They have to somehow verify that the appraiser has not done any other appraisals in that time (I don't know how, is his signature enough? ).
3. They find any instances where he has appraised the same property more than once.
4. Then they have to check the give reports to see whether he stated prior work on the given properties.

Maybe it would be simpler just to prohibit him/her from doing appraisals for 3 months.

I think appraisers should have to report all appraisals to the board when they do them. That would take care of the problem, most likely. Just get online and report the appraisal when it is completed.

The letter of engagement actually referred to the fact that he had previously appraised the property. The board would have only had to read the LOE to verify that The point of the disclosure is to make the client aware - and they, by their own words, were fully aware. So the appraiser’s transgression was at most a reporting oversight. And he got a three month suspensions while others admitting to using runners and Being deliberately deceitful got nothing. That kind of “justice” is no justice at all

 

[glenn walker]

The letter of engagement actually referred to the fact that he had previously appraised the property. There board would have only had to read the LOE to verify that The point of the disclosure is to make the client aware - and they, by there own words, were fully aware. So the appraiser’s transgression was at most a reporting oversight. And he got a three month suspensions while others admitting to using runners and Being deliberately deceitful got nothing. That kind of “justice” is no justice at all

Alternate "facts " Professor is a glass half-full of water half full ? or is it half-empty ? Walker that is a brilliant analysis and I am going to use that in my next symposium on fake news and alternate fact : )

 

[Mejappz]

maybe it is just filled with cheap gas

I think you stumbled on the problem. The flux capacitor doesn’t take cheap gas only cheap beer.

 

[DWiley]

did i write that article? sorry try again

Write it? I was wondering if you actually read it. .

 

[Zoe]

Let me see if I understand this correctly - you are not supportive of hybrid appraisals, unless, of course, the hybrid (API) is used to discredit an AVM result, then it is equal to the Gospel of John. Did I get that right? ROFLMAO.

That doesn't make sense. I have already explained how to handle it.

Let me explain that you are setting the gse's for huge liability on your process. If appraisers were like in a union, it would already be over for gse's.

Easiest solution is do away with gse's and form a single govt agency that shares data with appraisers. It would have to be local by state because appraisers are licensed by state. The fed's could handle that.. Make banks keep long term mortgages in-house

 

[Terrel L. Shields]

Easiest solution is do away with gse's and form a single govt agency that shares data with appraisers.

 

[Zoe]

View attachment 51393

LOL. I always have hope.

 

[Zoe]

Okay, independent appraisers are last hope. Communism comes next.