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GSE Waiver & Data Collection Data

Joe Flacco said:
There is nothing anybody can do to fight it. I mean, you guys are trying to go against big businesses that can orchestrate an "appraisers are racist" psyop. The planning of moving forward what they want forward is 2-3-5 years in the future.
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The funds for that scam are quickly running out. The NFHA has been DOGED.

appraisersblogs.com

The National Fair Housing Alliance (NFHA) Funding Dries Up

The National Fair Housing Alliance is feeling the heat as their funding evaporates, putting a major kink in their anti-appraiser crusade.
appraisersblogs.com appraisersblogs.com
 
Mejappz said:
The funds for that scam are quickly running out. The NFHA has been DOGED.

appraisersblogs.com

The National Fair Housing Alliance (NFHA) Funding Dries Up

The National Fair Housing Alliance is feeling the heat as their funding evaporates, putting a major kink in their anti-appraiser crusade.
appraisersblogs.com appraisersblogs.com
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Good, a big scam attacking appraisers for not hitting contract price or the amount needed for a lender to lend on the property.
 
Justinjla said:
The free market drives the price. That's not something we dictate or have influence on.
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There is no free market when you dictate the fee you will pay. What you do is better known as exploitation. And some of us wearied of it 20 years ago and don't play that game. When appraisers agree to low fees out of desperation, they need to switch careers and quickly. A clerk at any C store can make better money than Hybrids and $190 less tech charges 1004s. Even in Arkansas you can make $19 an hour driving a school bus or working the evening shift at the local Sneeze and Freeze. And once you've sold yourself short, recovery is almost impossible.

You are stuck in some dystopian nightmare of not only getting paid very little for a high risk, low reward assignment, but you also dumb down the entire profession of mortgage appraisals by lowering the "Reasonable & Customary" fees all other appraisers are trying to raise. AMCs are thieves. Some go out of business due to incompetence and leave appraisers holding the bag. Every state should regulate AMCs to death. They should be required to carry a bond of $1,000,000 to pay anyone stiffed by one going out of business. The AMC should be held accountable for errors made by their serfs. And the bank that hires the AMC should be slapped with a huge fine for errant reports.

I lost a friend yesterday. She has been out of business since 2018. I had warned her for years not to let those jacklegs at the AMC dictate what she did nor dictate turn times and fees. She took what they offered. Because of turn times, she frequently was unable to do local work in a timely manner and lost all her local bank clients. AMCs were all she had. Finally, it whacked her with 2 reports. Reports where she let the client dictate her methodology and the investigator pointed out she had revised the report more than 10 times trying to please the AMC form monkey. AMCs are a leech and nothing more.
 
Terrel L. Shields said:
There is no free market when you dictate the fee you will pay. What you do is better known as exploitation. And some of us wearied of it 20 years ago and don't play that game. When appraisers agree to low fees out of desperation, they need to switch careers and quickly. A clerk at any C store can make better money than Hybrids and $190 less tech charges 1004s. Even in Arkansas you can make $19 an hour driving a school bus or working the evening shift at the local Sneeze and Freeze. And once you've sold yourself short, recovery is almost impossible.

You are stuck in some dystopian nightmare of not only getting paid very little for a high risk, low reward assignment, but you also dumb down the entire profession of mortgage appraisals by lowering the "Reasonable & Customary" fees all other appraisers are trying to raise. AMCs are thieves. Some go out of business due to incompetence and leave appraisers holding the bag. Every state should regulate AMCs to death. They should be required to carry a bond of $1,000,000 to pay anyone stiffed by one going out of business. The AMC should be held accountable for errors made by their serfs. And the bank that hires the AMC should be slapped with a huge fine for errant reports.

I lost a friend yesterday. She has been out of business since 2018. I had warned her for years not to let those jacklegs at the AMC dictate what she did nor dictate turn times and fees. She took what they offered. Because of turn times, she frequently was unable to do local work in a timely manner and lost all her local bank clients. AMCs were all she had. Finally, it whacked her with 2 reports. Reports where she let the client dictate her methodology and the investigator pointed out she had revised the report more than 10 times trying to please the AMC form monkey. AMCs are a leech and nothing more.
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Well some like FastApp provide a service, of only hiring appraisers that will hit the contract price. That is what the lenders using that AMC are paying them for, which is much more valuable than the appraiser's work.
 
I'm coming out
I want the world to know, I got to let it show
I'm coming out (coming, coming)
I want the world to know, got to let it show (want the world to know got to let it show)
I'm, I'm coming out
I have to shout that I'm coming out
I want the world to know, got to let it show
I'm coming, I'm coming out



  • From fearful to fearless​

    August 26, 2022
    Lexido A.

    Lexido A.
    Program Management - Lead Associate

    The summer of 2010 was the start of a new chapter for me and my partner. Recently married, we had just moved to Maryland and purchased our first home, and I was beginning my career at Fannie Mae. I was happy and excited — but our new life was also fraught with obstacles.

    A fearful beginning

    As a gay couple whose marriage wasn’t legally recognized in the state we lived in, we didn’t have the same rights as straight couples. We could be denied hospital visitation privileges and medical decision-making rights and could not adopt a child together.

    Until 2020, there were no federal laws in place that expressly prohibited employment discrimination based on sexual orientation and gender identity, so anyone that identified as LGBTQ+ could lose their job. You read that right — just two years ago.

    At my previous companies, I kept my personal life separate from my professional life because of my vulnerable legal status. I feared what might happen if I was too candid with my colleagues. I could lose my job or be unable to advance in my career. I feared that I would be treated differently for loving the person that I love. Back then, there was no “coming out” at the workplace — it simply didn’t happen, and I had no desire to rock the boat.

    All I wanted was to hang a picture of my husband in my cube without fear.

    Becoming fearless

    Because of those fears, I wasn’t initially “out” when I started working at Fannie Mae. However, I came to realize that being my authentic, whole self was not only accepted at Fannie Mae, but encouraged. It felt great to come out to my manager and have him ask, and truly care, about my husband.

    When I joined the company’s Live Openly Employee Resource Group (ERG), it felt like a home away from home. I began attending monthly “Safe Space” meetings where I could bring up LGBTQ+ concerns and questions and connect with like-minded others. Because I worked in Learning and Development, I volunteered to help create and facilitate training sessions on allyship. I was proud of this work, and when Fannie Mae achieved its first 100% rating on the Human Rights Campaign’s Corporate Equality Index, I was overjoyed.

    As I started to become more active in the diversity and inclusion space, I decided to move from fearful to fearless. I pulled off that rainbow-colored bandage and embraced my intersectional identity as a married, Latino, gay male with a disability.

    I even mustered up the courage to finally hang a picture of my husband in my cube.

    Inclusivity at our core

    Fannie Mae now participates in the D.C. Capital Pride parade and festival, promotes inclusive email signatures, provides quarterly “Allies 101” and trans awareness training, and offers comprehensive surrogacy benefits — making allyship central to its corporate culture.

    Fannie Mae is committed to promoting diversity and fostering inclusion. Its ERGs support and empower employees to help their colleagues reach their highest potential through education, raising awareness, and celebrating diversity.

    Ready to join our team? Search our open opportunities.

    Editor’s note — In memory of Rocky W. We mourn the passing of our colleague’s loving husband on May 22, 2022.

    From fearful to fearless | Fannie Mae

    August 26, 2022 Lexido A. Program Management - Lead Associate
    www.fanniemae.com www.fanniemae.com
 
Justinjla said:
The free market drives the price. That's not something we dictate or have influence on.

Honest question for you because I'm interested in hearing your perspective. What do you think is so challenging about collecting factual data at a property? Please leave the emotion and personal attacks out of it. I really would like to know why you think a trained person, with a standardized set of objective questions, cannot accurately capture data at a property.
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I have a question for you. Why does Fannie Mae believe appraisers hold up the loan process? I have been appraising for 35 years and never had over a five business day turn time. If I take longer than five days, it is a delay by the borrower, lender or builder. I see where many times the loan does not close for weeks or months after my appraisal report.

As I see it, properly studying a property data report and the pictures will probably take about the same time as a property inspection to clearly not miss anything. So, the PDR is saving drive time only. Then there is the little item of comparable sales selection and pictures. Why is it not so important for the appraiser to personally inspect all the comparable sales in a regular 1004 and then it is not so important in a hybrid appraisal? To me, that tells me that this is not about "helping the appraiser do what he does best" and more about dissecting the appraisal fees for the AMCs and lenders.

I seriously doubt that a lender or AMC can order a PDR report (underwrite it) and order a market analysis report any quicker that I can do a full 1004. If you count from the time they order the PDR to the time of completion. You can give me examples I am sure of less than a day, but have completely appraisals in less than 24 hours too.

If Fannie Mae wanted to lower appraisal fees, they could remove the "appraiser must inspect all comparable sales from the street" from the 1004 and I would gladly lower my fee to not drive the comparable sales.

Fannie Mae is doing this to help the AMCs and lenders as I suppose. This is not to help the appraisers. It is rather insulting that our lender clients will only allow the assigned appraiser to inspect the property virtually eliminating the reason for having a trainee. Yet, lenders and AMCs have no problem accepting hybrid appraisals with inspections from unlicensed PDRs? I know Fannie Mae allows appraisers to let trainees inspect, but very few lenders or AMCs do. It is the worst kind of double standard. This the most irritating aspect of the hybrid appraisal.

Can you see why I am against hybrid appraisals and PDRs?
 
From the start, this has been about taking money away from self-employed, local businesses and funneling it into the hands of corporations. There’s a reason a lot of folks that are pushing these policies and the heads of AMC’s are all running in the same circle. You should see on LinkedIn how they all congratulate themselves on what a great job they’re doing. Like one giant circle jerk.

If you think monster companies like class and clear capital have any interest in being your partner, you don’t understand how business operates in this country
 
chad hampton said:
From the start, this has been about taking money away from self-employed, local businesses and funneling it into the hands of corporations. There’s a reason a lot of folks that are pushing these policies and the heads of AMC’s are all running in the same circle. You should see on LinkedIn how they all congratulate themselves on what a great job they’re doing. Like one giant circle jerk.

If you think monster companies like class and clear capital have any interest in being your partner, you don’t understand how business operates in this country
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BINGO!
 
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