Tag Archives: Regulators

Is Your Head Spinning?

Within the past 48 hours, the appraisal community has been hit with so much information, we wanted to make sure each of you are aware of what is going on so.  The Other Side of Racism Appraisers Blogs published an article yesterday  that every appraiser needs to read, share and distribute on all social media… Read More »

Not With My Money

Appraisers have some very strong opinions on computer driven appraisals. Others are noticing the dangers as well.  It is more than just automated valuation models though.  In an article written by Danielle DiMartino Booth, for  Bloomberg , Fannie Mae and Freddie Mac are specifically called out on their appraisal waivers. The author compares the dangers… Read More »

The Con Tonight at 8PM EST

Every US Citizen needs to watch this 5 part docu-series. It  exposes who transpired with whom and what they did…. A REAl EYE OPENER FOR MANY.   Not on Facebook> No Problem. The video will stream here even if you don’t have a Facebook account or are not logged into one.       

Pause- Take Action Now!

This is a call to action!  Comments on the proposed changes to the 2022-23 USPAP are needed The proposed changes to the reporting requirement of Standard 2 may impact the profession negatively and confuse the public on who we are and what we do. We ask that each and every one of you pause for… Read More »

Go to Jail, Go Directly to Jail….

Those fine outstanding law abiding people at Wells Fargo are at it again! This time the fraud is against the United States Bankruptcy Court and as usual, their very own customers. Wells Fargo’s explanation……. The Covid-19 Pandemic! Wells Fargo is using the Covid-19 virus as the excuse for placing borrowers currently under Chapter 13 bankruptcy… Read More »

The Con – Augusts 5, 2020

THE CON ~ AN IN-DEPTH INVESTIGATION INTO THE 2008 FINANCIAL CRISIS: WHO DID IT, WHY IT HAPPENED, AND HOW THE CON IS WHAT WE ARE AND THE REASON EVERYTHING IS $CREWED UP. Executive Produced by ADAM BRONFMAN Produced by PATRICK LOVELL Written and Directed by ERIC S. VAUGHAN   If you attended the Appraisers Economic… Read More »

AMC Fined $2.8 Million

Well it must be true what they say… Don’t mess with Texas! The Texas Appraisal Licensing and Certification Board (TALCB) has issued a monetary fine of $2,801,500 against an appraisal management company. Fast Connections USA, Inc. and its President, Towhindul Hussain,were found guilty of hundreds of violations of Texas law and regulations. TALCB found Fast… Read More »

Warning to Appraisers

We have all been there; you are busy and you lose track of your accounts receivables. Suddenly, you have 45, 60 and 90 day past due invoices.  VaCAP wants to remind you to pay attention not only to your receivables, but industry news to make informed decisions going forward. Two days ago HousingWire reported Ocwen… Read More »

Covid 19 Issues Addressed

  Fannie and Freddie have come out with updated guidelines for appraisals. There is much confusion on what is and what is not required. The below matrix simplified what is allowed by Fannie Mae. Additional questions and answers can be found on Lender Letter LL-2020-04. The unknown to the appraiser is the  ownership of the loan. … Read More »

Appraisal Organizations Step Up

Over the past week or so, Presidential Candidate Joe Biden publicly called for more regulation and oversight over appraisers to combat racial bias.  He specifically cited the Brookings Institute Study ” The Devaluation of Assets in Black Neighborhoods, The Case of Residential Property”  If you are unfamiliar with this study, in a nutshell, the findings… Read More »