A look at how the ASC has lost its way and why a call to delay for vetting and feedback by stakeholders is needed to ensure a benefit to the profession.
Q & A with Greg Stephens and Bill Matchneer on the latest Dodd Frank Rules.
Recently the Appraisal Buzz was able to sit down with Greg Stephens SVP of Appraisal Operations and Compliance at Metro-West Appraisal Co. LLC and Bill Matchneer Senior Counsel at the Consumer Financial Protection Bureau, (CFPB) and talk about the recently released Dodd Frank rules and their upcoming webinar on the issues surrounding them.
On Wednesday the National Association of Home Builders released their appraisal whitepaper on appraisal reform, "Comprehensive Blueprint for Residential Appraisal Reform." We had the opportunity to sit down with Steve Linville the Director of Single Family Finance at NAHB to ask him a few questions about the release.
BUZZ: Steve, Why is NAHB so interested in what is going on within appraisal land?
By Richard Hagar SRA
Well if the lender accepted it then it has to be legal. Really.....? I was recently talking to two "experienced professionals" about a real estate transaction they had just closed. During the discussion the agent, and his side-kick mortgage broker, both said the following:
"Paying money back to the buyer after the close of escrow is OK and was disclosed on the purchase and sale agreement. Since we "disclosed" the terms to the lender and the loan closed, it can't be fraud."
Interview with Bruce Unangst
The Appraisal Buzz recently had a moment to sit down and speak with Bruce Unangst Executive director of the Louisiana Real Estate Commission and Appraisal Board to talk about their proposed rule concerning appraisal fees and AMCs.
Buzz: Tell our readers a little about your background in the appraisal industry.
It is hard to believe, but the appraising world may have just been inadvertently turned upside down once again due to President Barack Obama's 2012 recess appointments. President Obama is certainly not the first or only president to make use of recess appointments, both President George W. Bush and President Bill Clinton made great use of recess appointments and bypassed the Senate much more frequently than President Obama has.
The current collapse of our economy will be the fourth time I’ve been to this rodeo. You’d think we would have learned the lesson by now. The last time the entire United States, went through the same issues and problems was back in the mid 80's, and here we are again, but this time it’s bigger.
A brief lesson in the history of World War II will point to a success story in the rebuilding of of Europe during the four year post war period. The goals of the United States were to modernize industrial Europe, rebuild a region devastated by war, remove trade barriers, and make Europe prosperous again.