Phil Crawford Podcast

[J Grant]

The reason that the GSE's expanded the eligibility of appraisal waivers is because FHFA told them to expand eligibility, which is a direct result of PAVE, so I don't think the latest expansion would have happened, or would have been as broad if it had not been mandated by FHFA. Regarding your allegation that "profit centers demand it", I am unaware of any of the so-called profit centers that demanded an expansion of appraisals waivers. I am unaware of a single mortgage lender or AMC who pushed for this and the realtors certainly did not push for it as they actually actively opposed the exapnsion after it was announced....see here: https://www.nar.realtor/washington-...lanned-expansion-of-appraisal-waiver-programs


I know that you are a Turmp hater, but much of the nonsense pushed by FHFA (especially PAVE) over the past 4 years is due to Biden's appointee Sandra Thompson running the FHFA. Now that Trump got elected, she will be gone and will be replaced by someone more responsible....it would be nice if they brought back Mark Calabria, who was the prior FHFA boss under Trump and did a great job, however I have heard that Calabria is not interested in returning to that job.

I have commenteed numerous times on this board that I dislike PAVE and all the crap that went with it -and that while I Am no Trump fan, if he manages to put a brake on it, that would be nice.

 

[J Grant]

We have had yellow journalism all along and that includes some of those "trusted voices" to whom you sometimes defer. So what?

It's not like this issue just suddenly appeared out of thin air in the last 5 years.

View attachment 95293

Good god, you are truly ignorant of the situation

Look up troll farms, bots, deepfakes, think tank influencers, etc. Our little bb is a sheltered world compared to the large national reach and international platforms and the power that can be had by bad actors on them, using "free speech" for nefarious ends.

Legacy media is hardly the problem, in fact the massive distrust of it is the problem, and tht distrust was fostered in large part by the RW who wanted THEIR media and sites to be able to lie, make up conspiracy theories and such with no other outlet to stpt it. They do it for profit and power

Mainstream media can make mistakes or even i dome cases have an agenda, but they have reputations, and genuine journalists and will fact check and address a mistake or bad source, whereas the RW jackals just double down on the lie or cover for the source - unless and until they sued in which case we witness them repeatedly pay enormous fees, but there is so much money and power in it they go back to lysing and smearing until the next time they are caught,

 

[George Hatch]

Step back and take a breath. Whether its a problem or not, technology is going to continue to develop and with it the misconduct that people can devise to exploit it. WRT "the news" people will still develop whatever filters they use individually to adapt to the media environment which exists.

One of those strategies has already been to use multiple and different sources to check on the information. People don't just distrust MSNBC or Fox, they mistrust everyone. Everyone is getting fact checked, and that's a good thing. AI fakes are already being called out for it, usually on the basis of considering that content in context.