What does it Mean to Protect the Public Trust

[djd09]

Clients and/or users telling you what their SR1/SR2 expectations are will not infringe upon your impartiality and objectivity, nor does it relieve you of the obligation to make your own SOW decisions.

Are you even familiar with how the DEPARTURE RULE (and the associated SUPPLEMENTAL STANDARDS RULE) worked prior to being replaced with the SOWR? Because if you knew what you were talking about you would realize the SOWR has given appraisers a LOT more discretion and freedom than they ever had prior to that transition.

I have come to believe that Fannie's failure to provide an updated appraisal policy is neither an accident nor an oversight. I think they know that once they formally commit these policies to their selling guide that they will have painted themselves into an obviously indefensible position. That position will be disassembled by the first E&O attorney who argues the case in court. All that attorney has to do to research their argument is do a search on this forum and hit the print button - it's all here.

I think Fannie is playing a waiting game and hoping that the common usage of the forms for a couple years will establish some sort of precedence of reasonableness. It won't, of course, because the conflicts were pointed out before the forms came online and have been routinely and uniformly criticized by everyone since then.

flip flop fish

 

[George Hatch]

Oh brother....

Have you ever submitted an appraisal on a property that didn't come anywhere near the contract price and subsequently prevented that lender from making that loan? If so, your appraisal prevented that particular loan transaction. Take a bow.

 

[George Hatch]

flip flop fish

I thought they were wrong then and were subject to challenge, and I think they're wrong now. No change on my part.

Not only that, but there have been court rulings of "you have no standing" for such claims, so my predictions have been proven correct. I was right, and every time you yammer on about C23 you have been wrong.

 

[djd09]

I thought they were wrong then and were subject to challenge, and I think they're wrong now. No change on my part.

Not only that, but there have been court rulings of "you have no standing" for such claims, so my predictions have been proven correct. I was right, and every time you yammer on about C23 you have been wrong.

oh ok busted never mentioned cert 23 but if you want to discuss it...first, we should ask jan miller what she thinks

 

[George Hatch]

oh ok busted never mentioned cert 23 but if you want to discuss it...first, we should ask jan miller what she thinks

Her case never went to trial, and their allegations were about discrimination, not that they were among the intended users of the appraisal. Which brings up another relevant point: an individual atty that doesn't understand the material might not make an effective argument. But that doesn't mean the effective argument doesn't exist; it just means they argued it poorly.

 

[djd09]

how much do they pay to post this misinformation...better yet when was the last gse compliant appraisal that you completed what a fraud

 

[George Hatch]

Unlike a couple of the idiots who you take seriously, I don't sell anything to anyone - or accept money or anything else from anyone - for anything other than appraisals and appraisal reviews. I used to teach appraisal topics to appraisers but I don't even do that anymore.

As for GSE appraisals you might be able to call it fraudulent if I said I was doing those assignments. But I don't say that. Nor does it matter. I haven't forgotten how to ride a bike and I definitely haven't forgotten how any of these issues work. And speaking of not doing appraisals or knowing what they're talking about, there's you.

 

[shrubberyvaluation]

Appraisers aren’t part of the lending industry, we are supposed to be independent of the lending industry.

And the big giant Fannie seems to be supporting some of the very worst in the lending industry while simultaneously telling us to be independent. FNMA is trying to crush independence by supporting some of the worst offenders, they are just scapegoating. They get bailed out anyhow.

 

[djd09]

are you even licensed...just your typical crn shill

 

[djd09]

have you ever seen him trolling wiley...sell out