The word "Average" in the improvements section - possible bias?

[DWiley]

Even Fannie and Freddie have admitted that C3 has become the new “Average”.

Citation? Thanks

 

[Zoe]

Narrative report would be sweet.

I could jump to like $1500 to $2000 a report. Choke..........choke........

 

[Zoe]

I told you Joan with all her faults said appraisers should be getting like $1,000 to $1,500 a report.

That is only thing me and Joan ever really agreed on.

 

[Zoe]

Joan Trice did not want to touch separation of fees on Truth in Lending disclosures.

She put me on ignore if I even touched separation of AMC/APPRAISAL fees on truth in lending disclosures.

@DWiley and appraisal institute won't touch it either.

 

[Mejappz]

Citation? Thanks

Is your goal simply to troll appraisers on the forum, or are you genuinely interested in finding solutions to the many challenges facing the industry? There have been some valuable suggestions on this thread, yet all you seem to contribute are smiley faces. The GSEs have been voicing concerns that appraisers have been using C3 as the new “average” for years. While I understand that absolute ratings may meet the GSEs' internal goals, they don’t lend themselves to meaningful analysis. Focus!

 

[Zoe]

Just couple more questions.

Why won't Joan Trice touch separation of fees between APPRAISAL/AMC on truth in lending disclosures?

WHY won't Appraisal Institute touch separation of fees between APPRAISAL/AMC on truth in lending disclosures?

Everybody suddenly gets dumb.

I can't hear you.

I lost my hearing.

 

[Zoe]

Oh Lord, it's a miracle, you hear what you want to hear.

 

[TerryRohrer]

Is your goal simply to troll appraisers on the forum, or are you genuinely interested in finding solutions to the many challenges facing the industry? There have been some valuable suggestions on this thread, yet all you seem to contribute are smiley faces. The GSEs have been voicing concerns that appraisers have been using C3 as the new “average” for years. While I understand that absolute ratings may meet the GSEs' internal goals, they don’t lend themselves to meaningful analysis. Focus!

That is the part they can't comprehend...meaningful analysis. They think that if condition and quality ratings are "accurate" then they will model like, and as reliably as, quantitative variables. No doubt, they will always get an answer, but it will never be credible. That is why they have to keep all their AVMS and modeling top secret...it can't stand scrutiny from competent analysts (see Freddie's "Research Note" for a key example). The garbage about rating components and condition is no doubt the foundation for a formulaic calculation of quality and condition so they can talk about how much more "accurate" their secrets are than competent appraisers (which they apparently despise most).

 

[Zoe]

I am coming in about $20k lower on contract price today.

I won't have any arguments. They have already sent arguments. It takes time.

I deserve more money for my work.

The buyer hopefully won't care. The seller won't be happy.

Not my problem. I don't care. I appraise real property rights.

 

[Zoe]

I could care less if contract fails.

That is not in my job description. (SOW).