Interesting Read on What 'May' Happen in the Appraisal World under the New Administration

[Zoe]

Now What? On a New Trump Administration | ValuSight Consulting

What the real estate appraisal profession might expect come January.

beyondthevalue.com

Interesting read. Good post.

I think CFPB is already on the heels of some major players. I think congress and some other major players already know that fact.

 

[Zoe]

The prediction of mid summer 2025 is speculative on changes. I don't know. Just like I don't know what will come of some bills before TN state legislature.

State and federal legislature have a mind of their own.

For example. Trump is only President to be impeached twice and likely only President to take bankruptcy as many times as he has.

I don't know. Congress has power.

I would like separation of APPRAISAL/AMC fees on truth in lending disclosures. I think CFPB hound is already on that hunt and closing fast.

 

[Zoe]

I had a young red bloodhound come to my house a couple of times this month. I know the owner. He lives on 20 acres with one house between us. I knew the lady who owned the house before him and built it. Her husband died and was fire chief of the whole County I live in. Thankfully he had his phone number on a dog tag on it's collar.

My weimar was outside with me and turned the corner of our house on the big bloodhound. Luckily, I was right behind her and took control of the situation.

It could have got real ugly with my weimaraner. I got the boy on the phone. I put my hound up and got his dog on a leash. He got his hound back.

My main point in this story is dogs can be very territorial.

Both of these hounds weigh around 80 lbs each. Big mouths and teeth. My hound is very territorial. She is a b*tch in mind and spirit.

She minds me. She good hound. The bloodhound was lucky I was with her.

 

[Tom D]

This is like a boxing match with us laying on the mat being counted out. Then the counting stops for a moment to see if we are still breathing.
The only hope is just waiting for the count to hit the number 10, and to end the pain.

 

[Zoe]

This is like a boxing match with us laying on the mat being counted out. Then the counting stops for a moment to see if we are still breathing.
The only hope is just waiting for the count to hit the number 10, and to end the pain.

I don't know what I don't know. I know CFPB is likely already on separation of appraisal/AMC fees on truth in lending disclosures. But I don't know what I don't know.

 

[Zoe]

The train on separation of fees has left the station. I believe that.

Remember who CFPB focuses on.............. The consumer.

 

[jay trotta]

Doesn't matter who is in, follow the money and we'll see who jumps thru whatever hoop is available

 

[Digger88]

Hard to take this article seriously when it sources Project 2025 which Trump has disavowed multiple times in general but hopefully theses come to fruition

 

[Mark K]

Just remember the Golden Rule..."Those with the Gold make the Rules". Been that way since humans decided that gold is something to covet.

Neither Trump nor Biden gives a rat's azz about appraisers, they both care what Bank America, Goldman Sachs, Citibank, et. al. want and these players want the process streamlined so they can make money, faster. The plight or the future of the appraisal profession has never crossed their minds, except when Biden used it to pander to the minorities to buy votes. The use of waivers will expand, credit worthiness will matter less, borrowing $$ for the down payment, and AI valuations will be the norm, that is, until the next real estate crash. It's just a matter of time until they make 100% LTV NINJA and No Doc loans to anyone who can fog a mirror, including the 10 million or so illegals. When the housing market stops, the country goes into a recession, can't have that.

 

[Zoe]

Just remember the Golden Rule..."Those with the Gold make the Rules". Been that way since humans decided that gold is something to covet.

Neither Trump nor Biden gives a rat's azz about appraisers, they both care what Bank America, Goldman Sachs, Citibank, et. al. want and these players want the process streamlined so they can make money, faster. The plight or the future of the appraisal profession has never crossed their minds, except when Biden used it to pander to the minorities to buy votes. The use of waivers will expand, credit worthiness will matter less, borrowing $$ for the down payment, and AI valuations will be the norm, that is, until the next real estate crash. It's just a matter of time until they make 100% LTV NINJA and No Doc loans to anyone who can fog a mirror, including the 10 million or so illegals. When the housing market stops, the country goes into a recession, can't have that.

FYI:

The gifts the magi gave the baby Jesus. Gold is a gift to the King:

The Gifts of the Magi: Spiritual Meaning and Significance

The Magi presented to the young Jesus three types of gifts: Gold, frankincense, and myrrh. These were not random gifts that they had lying around, they were each significant at the time, and they have important meanings for us today.

www.christianity.com