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... by the CHAPS! ;) http://web.archive.org/web/*/ http://www.appraiserspetition.... http://209.85.129.104/search?q... Appraisers Petition 2002 Concerned Real Estate Appraisers from across America Submit the attached petition (Which was posted on appraisersforum.com): To: Mr. Ben Henson - Executive Director Appraisal Subcommittee (ASC) Federal Financial Institutions Examination Council email: benh1@asc.gov cc: Other state or federal agencies with authority in the following matter "The ASC's mission is to ensure that real estate appraisers, who perform appraisals in real estate transactions that could expose the United States government to financial loss, are sufficiently trained and tested to assure competency and independent judgment according to uniform high professional standards and ethics." From the ASC website. The concern of this petition has to do with our "independent judgment" in performing real estate appraisals. We, the undersigned, represent a large number of licensed and certified real estate appraisers in the United States, who seek your assistance in solving a problem facing us on a daily basis. Lenders (meaning any and all of the following: banks, savings and loans, mortgage brokers, credit unions and loan officers in general; not to mention real estate agents) have individuals within their ranks, who, as a normal course of business, apply pressure on appraisers to hit or exceed a predetermined value. This pressure comes in many forms and includes the following: the withholding of business if we refuse to inflate values, the withholding of business if we refuse to guarantee a predetermined value, the withholding of business if we refuse to ignore deficiencies in the property, refusing to pay for an appraisal that does not give them what they want, black listing honest appraisers in order to use "rubber stamp" appraisers, etc. We request that action be taken to hold the lenders responsible for this type of violation and provide for a penalty on any person or business who engages in the practice of pressuring appraisers to do dishonest appraisals that do not provide for independent judgment. We believe that this practice has adverse effects on our local and national economies and that the potential for great financial loss exists. We also believe that many individuals have been adversely affected by the purchase of homes which have been over-valued. We thank you for your cooperation and assistance. Sign this Petition Your name and any comments you make will be added to those below: Signed by:..... PS Alan! HOW DARE YOU TO TELL PEOPLE YOU DID NOT KNOW THAT LOW INTEREST RATES WOULD LEAD TO HOUSING BUBBLE!

Channel: News & Politics
Uploaded: November 3, 2007 at 9:58 am
Author: RemiG2006

Length: 06:46
Rating: 4.60
Views: 12728

Tags: bubble  burst  crash  economy  estate  foreclosure  housing  mortgage  real  subprime  

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bacaca88 (October 8, 2008 at 5:27 pm)
And it gets worse. You guys still got a job? or career prospects? or respect in your community? or hope? - indeed, have you guys got anything??????
therealcaptobvious (October 6, 2008 at 10:05 pm)
The ARM lending was a HUGE fuck up.
therealcaptobvious (October 6, 2008 at 6:51 am)
thanks, we appreciate your sentiments. who will take out all of those libor loans without us?
bacaca88 (September 29, 2008 at 6:16 pm)
Bet you guys posting 1 week ago or more are now feeling like pricks (US - dicks). Your US economy is fucked an you are fucked. Your economy and county is fucking worthless. You are worthless (like cockroach). RIP USA - well done Wall St for doing what Bin Laden failed to do. Fucking US wankers.
kirkslastbid (September 21, 2008 at 7:37 pm)
This is what I think.The Democrats, under Clinton, strengthened a government-created monster called the "Community Reinvestment Act." This law was then used by "activists" and "community organizers" (like Obama?) to coerce lending institutions to make these bad loans ... millions of them. Some people don't need to own a house !!!
patriotik (July 26, 2008 at 6:07 pm)
Statistically speaking, I doubt it's going to be a white person choking on that chicken bone, lol. Sorry, the odds are just stacked against you on this one :)
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whitecollarcriminal (July 3, 2008 at 12:44 am)
WHY didn't they just say UNEMPLOYED American? Why put a color on a person who is make believe? You I see are one of those "reverse racists haters" and I hope you choke on a chicken bone and fuckin die.
whitecollarcriminal (July 3, 2008 at 12:42 am)
LOL. This is from the Long Johns - another video on Youtube. I thought it was racist at first but after I saw it a couple times I realized it was hilarious. They shoulda mentioned all the hispanics that exploited/ and got exploited. They've turned once thriving, predominatly White areas of LI NY into ganglands.
zupf (June 29, 2008 at 3:07 pm)
"The Council of Mortgage Lenders (CML) predicted that there would be a 50 per cent increase in repossessions in 2008, as well as rising levels of arrears and a fall in house prices in real terms. Hardest hit would be borrowers in the "adverse credit sector", the British equivalent of the US sub-prime area, who are facing a large increase in their (insert laugh track) monthly payments."

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