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

[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.

I think the train has left on commingling of fees. I think that will come to an end despite lobbyist money (gold).

 

[Zoe]

VA sets in the shadows still that nobody can argue with on needing no bailout money (gold) from taxpayers.

 

[Joyce Potts]

Regardless what this administration does, the race, social justice and related themes will never go away. AT MOST they might get sidelined during a particular political shift but they will always resurface the next time the power switches hands.

Rust never sleeps, technology never sleeps and social justice themes never sleep. Going forward, there will be change. Can't be helped.

In my view acting proactively is faster, cheaper, easier and more expedient than acting reactively and after the fact.

Well said, George. And irony is that if you can't beat them, join them. Appraiser's had that opportunity with the FNC suit and they literally gave it away. Appraisers are like travel agents and taxi drivers--only a few are still around. For lending, it's game over, IMO.

 

[Elliott]

Hopefully HUD billboards will end.

Misleading Ads Sow Mistrust - Appraisers Blogs

The National Fair Housing Alliance misleading ads are sowing seeds of mistrust in a time-tested profession.

appraisersblogs.com

 

[Amy Perkins]

Now What? On a New Trump Administration | ValuSight Consulting

What the real estate appraisal profession might expect come January.

beyondthevalue.com

Hope it gets better

 

[alebrewer]

Hope it gets better

I do think that, on the surface, the incoming administration will be more business friendly while, at the same time, decreasing government overreach. Seems that might bode well for the appraisal folks. We'll see.

 

[Elliott]

Nancy explains it all, how Appraisers got tagged with being Racially Biased, its called the "Wrap-Up Smear":

Hopefully someone wanting to reform government will recognize what has been happening to appraisers.

 

[djd09]

is nancy ever not drunk...