The New USPAP: MARS Required

[George Hatch]

and dont talk about crimes rates or gangs and such..the unethical stakeholders maybe offended

And might charge an offending lender (who accepted those depictions) for violating established federal and state law.

 

[djd09]

congress can pass no law prohibiting the free exercise of speech...try again

 

[djd09]

The Importance of Location: How School Districts and Other Factors Affect Property Values​

June 17 2025

The Nightmarish End of Home Appraisals​

by Jeremy Bagott · Published July 31, 2023 ·



In his 1946 essay “Politics and the English Language,” the late British novelist, essayist and critic George Orwell examined the connection between political orthodoxies and the debasement of the English language. In a truly Orwellian move, mortgage giant Freddie Mac recently announced its intent to censor an arbitrary collection of words such as “desirable,” “safe,” “well-kept,” “student” and “crime” when they appear, in any context, in the hundreds of thousands of appraisal reports it relies on in mortgage underwriting. It would be hard to make this up.

One of the banned words – “desirable” – will be recognized by students of economics (“students” is another banned word) as the adjectival form of one of the four elements in supply-and-demand theory whose underlying components are utility, scarcity, desire and effective purchasing power. The current thinking holds that if an economic good lacks one or more of these underlying elements, then there is essentially no market for the product and, therefore, no value.

As with all banned words, Freddie’s list will lead to the need to ban additional words over time as appraisers, expunging the word “desirable,” will find synonyms when analyzing market reaction to the views of two homes or to the cul-de-sac location of a home versus the midblock location of a comparable. When discussing how market participants view side-by-side school districts, appraisers will figure out they can use synonyms like “advantageous,” “preferable,” or “beneficial” instead. Soon, these words, too, will need to be banned. In a college town, the banned word “students” will become “matriculants,” a word that will likewise need to be banned.

List of Banned Words... The Nightmarish End of Home Appraisals

As with all banned words, Freddie’s list will lead to the need to ban additional words over time as appraisers will find synonyms.

appraisersblogs.com

freddie is so thin skinned...but who knew

 

[ZZGAMAZZ]

congress can pass no law prohibiting the free exercise of speech...try again

reminds to ask whether a "list" exists of the words or terms currently defined as biased, e.g., "pride of ownership," etc.? Are they INDUSTRY/FNMAE- or client-specific? Seems logical that they would be built-into the appraisal software review master, or spell checker. I can't continue to purposely spell certain words incorrectly to avoid scrutiny, bc of the time needed to create a response with a new filename for each condition that pertains to a specific term, which the [ACI software] word search function often overlooks. [The post above and accompanying blog post are frightening...]

 

[djd09]

• B4-1.1-04, Unacceptable Appraisal Practices (06/04/2025)
• 
  
• use of unsupported assumptions, interjections of personal opinion, or perceptions about factors in the valuation process and the use of subjective terminology, including, but not limited to:
  • "pride of ownership," "no pride of ownership," and "lack of pride of ownership";
  • "poor neighborhood";
  • "good neighborhood";
  • "crime" (and its variants);
  • "desirable neighborhood or location"; or
  • "undesirable neighborhood or location";

B4-1.1-04, Unacceptable Appraisal Practices (06/04/2025)

This topic contains examples of unacceptable practices, many of which are reflected in the appraiser’s certifications on the appraisal reports

selling-guide.fanniemae.com

...commie alert

 

[Fernando]

The Importance of Location: How School Districts and Other Factors Affect Property Values​

June 17 2025

The Nightmarish End of Home Appraisals​

by Jeremy Bagott · Published July 31, 2023 ·

View attachment 105134

In his 1946 essay “Politics and the English Language,” the late British novelist, essayist and critic George Orwell examined the connection between political orthodoxies and the debasement of the English language. In a truly Orwellian move, mortgage giant Freddie Mac recently announced its intent to censor an arbitrary collection of words such as “desirable,” “safe,” “well-kept,” “student” and “crime” when they appear, in any context, in the hundreds of thousands of appraisal reports it relies on in mortgage underwriting. It would be hard to make this up.

One of the banned words – “desirable” – will be recognized by students of economics (“students” is another banned word) as the adjectival form of one of the four elements in supply-and-demand theory whose underlying components are utility, scarcity, desire and effective purchasing power. The current thinking holds that if an economic good lacks one or more of these underlying elements, then there is essentially no market for the product and, therefore, no value.

As with all banned words, Freddie’s list will lead to the need to ban additional words over time as appraisers, expunging the word “desirable,” will find synonyms when analyzing market reaction to the views of two homes or to the cul-de-sac location of a home versus the midblock location of a comparable. When discussing how market participants view side-by-side school districts, appraisers will figure out they can use synonyms like “advantageous,” “preferable,” or “beneficial” instead. Soon, these words, too, will need to be banned. In a college town, the banned word “students” will become “matriculants,” a word that will likewise need to be banned.

List of Banned Words... The Nightmarish End of Home Appraisals

As with all banned words, Freddie’s list will lead to the need to ban additional words over time as appraisers will find synonyms.

appraisersblogs.com

freddie is so thin skinned...but who knew

It's possible to do a credible appraisal report without having the ban words.
Not all appraisers are as adept and will require extra effort and awareness.
For the simpleton, just stick with comps in same neighborhood and you don't have to worry about being descriptive of subject's area.

 

[OSU Beavers]

How School Districts and Other Factors Affect Property Values

This article explores how location shapes property values and why factors like schools, transit, and community development can significantly impact your investment.

thinkhomewise.com

 

[djd09]

It's possible to do a credible appraisal report without having the ban words.
Not all appraisers are as adept and will require extra effort and awareness.
For the simpleton, just stick with comps in same neighborhood and you don't have to worry about being descriptive of subject's area.

they should cut off the appraisers fingers and tongues so not to offended the bleeding hearts

 

[ZZGAMAZZ]

they should cut off the appraisers fingers and tongues so not to offended the bleeding hearts

Couldn't agree any more so with you but for various reasons I'm dumbing down my templates. Doing so increases potential productivity by an estimated 25%.

 

[Dublin ohio]

Couldn't agree any more so with you but for various reasons I'm dumbing down my templates. Doing so increases potential productivity by an estimated 25%.

Never used most of the words to begin with. Only had to change a few words here and there