This is why I got out of this profession

[Fernando]

President Biden’s Directive To HUD and other Federal Agencies.​

President Biden’s Directive-The PAVE Task Force is composed of thirteen Federal agencies, including the White House Domestic Policy Council.​

On June 1, 2021—the 100th anniversary of the Tulsa Race Massacre—President Biden announced he was launching an inter agency initiative to combat bias in home appraisals. This initiative became the Inter-agency Task Force on Property Appraisal and Valuation Equity (PAVE). Co-chaired by U.S. Department of Housing and Urban Development Secretary Marcia Fudge and Domestic Policy Advisor Ambassador Susan Rice, the Task Force was directed to (i) evaluate the causes, extent, and consequences of appraisal bias and (ii) establish a transformative set of recommendations to root out racial and ethnic bias in home valuations.

It's a step to evaluate and recommend. With our lobbying appraisal groups, we should have a reasonable plan for all.

The Action Plan is a document that outlines clear actions that federal agencies will take to root out appraisal bias. The Action Plan is part of an ongoing commitment from the Federal Government to expand home ownership rates for families and communities of color. This commitment will continue to be informed by data, members of industry, advocacy, fair housing, and academic organizations, and by the stories of all Americans who dream of home ownership.

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[J Grant]

President Biden’s Directive To HUD and other Federal Agencies.​

President Biden’s Directive-The PAVE Task Force is composed of thirteen Federal agencies, including the White House Domestic Policy Council.​

On June 1, 2021—the 100th anniversary of the Tulsa Race Massacre—President Biden announced he was launching an inter agency initiative to combat bias in home appraisals. This initiative became the Inter-agency Task Force on Property Appraisal and Valuation Equity (PAVE). Co-chaired by U.S. Department of Housing and Urban Development Secretary Marcia Fudge and Domestic Policy Advisor Ambassador Susan Rice, the Task Force was directed to (i) evaluate the causes, extent, and consequences of appraisal bias and (ii) establish a transformative set of recommendations to root out racial and ethnic bias in home valuations.

The Action Plan is a document that outlines clear actions that federal agencies will take to root out appraisal bias. The Action Plan is part of an ongoing commitment from the Federal Government to expand home ownership rates for families and communities of color. This commitment will continue to be informed by data, members of industry, advocacy, fair housing, and academic organizations, and by the stories of all Americans who dream of home ownership.

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so what? This is very similar to what RE agents went through and lenders and other professions when they faced lawsuits or charges and they all survived just fine, difference is they did not have agitators who posted incitements and made things so much worse for their own profession

 

[Dublin ohio]

With our lobbying appraisal groups, we should have a reasonable plan for all.

Besides divulging your mouse fetish. That has to be the funniest thing you have ever posted

 

[Fernando]

Besides divulging your mouse fetish. That has to be the funniest thing you have ever posted

It wasn't meant to be funny. Isn't the Appraisal Institute helping us?

 

[Dublin ohio]

It wasn't meant to be funny. Isn't the Appraisal Institute helping us?

I stand corrected. That is funnier

 

[DWiley]

I thought you would say that because your pride is stubborn. Instead of admitting you were wrong and a Freddie Mac executive said that waivers would cut appraisal costs, you have to try and twist your way out of the situation. It is funny how the same executive did not say we are cutting how many points a mortgage Broker will earn on each loan, saving the consumer actual money on closing costs. Anyway, I have real work to do, and I will let others decide.

I am not twisting at all. The fact that waivers result in cost savings is an undisputable fact. So, acknowledging that is not earth shattering in any way. But that is NOT the same thing as saying that waivers are granted primarily to reduce costs - as some asserted.

 

[glenn walker]

so what? This is very similar to what RE agents went through and lenders and other professions when they faced lawsuits or charges and they all survived just fine, difference is they did not have agitators who posted incitements and made things so much worse for their own profession

You just can't admit what it really is-because the President and the Team all have a Big "D" in front of their names. Its all about White Racists-- after all who else are racists. Even when you get the official memo you go into denial.

 

[Mejappz]

I am not twisting at all. The fact that waivers result in cost savings is an undisputable fact. So, acknowledging that is not earth shattering in any way. But that is NOT the same thing as saying that waivers are granted primarily to reduce costs - as some asserted.

Right like Freddie's, interest is in saving the consumer money. LOL

 

[Fernando]

MSN

The proposed regulation would encourage taxpayer-funded housing agencies to abandon the goal of ensuring fairness in the housing market and instead pursue the elimination of all inequality in housing and income. Under the rule, program participants—entities like public housing agencies, grant recipients, private entities that supply public or subsidized housing, and other entities receiving HUD funds—must supply an “Equity Plan” to HUD, describing the steps they have taken to “eliminate disparities in housing-related opportunities.”

One policy that HUD says will satisfy its equity standards is universal basic income—a disastrous progressive policy that would destroy the American way of life.

Another example of a way for program participants to comply is to campaign to change local zoning laws in the name of “inclusionary zoning,” a capricious and misleading term that encompasses many policies to force below-market-value public housing into communities by removing zoning restrictions on such builds. This would, by HUD’s own admission, lead to “increased prices, reduced quantities [of housing],” and “market inefficiency.”

Although this is simply one option listed among several, it is not clear what interest a federal agency has in meddling in the perfectly legitimate and non-discriminatory affairs of how local communities zone themselves.

 

[Mejappz]

Freddie Mac is fully committed to the important ongoing work in the valuation space. Innovating in collateral valuation is about managing risk, nimbly responding to demand and providing reliable consistency—at a lower cost to the homeowner. Learn more about how we’re accomplishing this and get insights on other relevant and timely topics.

How Less Risk, More Flexibility and a Better Borrower Experience Are Driving the Future of Valuation

Collateral valuation has come a long way in a short time. Non-traditional solutions including desktop and hybrid appraisals and appraisal waivers are starting to gain mainstream adoption.

sf.freddiemac.com