2009 "Porker of the Year?" - Barney Frank! 02.04.10 | Personal Finance For Life / Jeff Underwood TV and Coaching

Mike: (February 07, 2010 9:09pm)

HVCC - First American has an AMC business arm that recently posted a new job - Appraiser Coordinator. http://jobs.firstam.com/jobs/205840-Appraisal-Coordinator.aspx - Job responsibilities include placing orders with appraisers with the lowest fee to maintain profitability....if the appraiser request a higher fee... than you are to get two additional quotes. The position is specific to Quantrix that was originally owned by Chase. Quantrix appraisers are being moved over to the First American platform. Appraiser fees are expected to be reduced by another 15%.

SoCalApprs2: (February 06, 2010 8:19am)

clueless dad!! I am there!!! I am active locally in my chamber and would love to meet Rep Miller!! email me at Lcbanks58@yahoo.com. Then we can exchange phone numbers and hook up!! I call his office but because I didn't reside in his "district" they sent mine. Email me and lets get this done.

SoCalApprs2: (February 06, 2010 8:10am)

Lies Infinitum- Stay with the Niche Report. I am a fellow appraiser who now writes for them. I blog several times a week and I will be featured quite often. My first featured Article is in the March addition, along with Frank and Brian's debut. You should read my blogs, I am revealing a lot! Cornerstone Kathy- You are right! Buy a house and turn it into a home, not an ATM. And no one should be jealous of those in need of a loan modification. If you are still making your payments but you have no equity, so what? At least you can live on what you make!! Would you rather be 9 mths or more behind on your mortgage, behind on car payments,living on one income of less that 48 thou a year with debt collectors calling you 16 times a day? Would you? So cal steve- I have some ideas of what we can do to generate income, I would like to discuss them with you and other appraisers here in So Cal. Email me at Lcbanks58@yahoo.com. Not sure idea will work, but the collective minds might see something.

5pence: (February 05, 2010 3:13pm)

Oh, that good huh? :^)

CornerstoneKathy: (February 05, 2010 3:13pm)

I would LOVE it if it was possible to rewatch the live events..is there any possibility of that!! 5pence you missed a bomb from Savitt email me kathydrose@aol.com

5pence: (February 05, 2010 2:45pm)

Well, how did it go? I just got back in

margie: (February 05, 2010 12:27pm)

I need to refer borrowers to a lender who can write in Tennessee, Campbell County. I'm CA only. 400k refi on 100 acres (not working ranch) valued about 1.2mil... or so they hope. Primary residence. Thanks for assisting. Margie

CornerstoneKathy: (February 05, 2010 12:21pm)

valuquestor..yes I am

5pence: (February 05, 2010 10:54am)

Guys, pulleeze make sure this is recorded. I already missed most of what Marc was saying and I really wanted to hear it. I have to head out for a job, sorry, I'd like to contribute more. Later

5pence: (February 05, 2010 10:50am)

HVCC NEEDS TO GO. EITHER MAKE IT LEGAL OR GET RID OF IT. IT WOULD NOT BE ABLE TO STAND UP TO DUE PROCESS AS IT IS NOT GOOD FOR THE CONSUMER, ONLY THE BANKSTERS AND THEIR NEW ATM, AMC'S. WTF (Wed-Thurs-Fri) 8 DAYS A WEEK I HATE AMC'S.

5pence: (February 05, 2010 10:46am)

I agree, whinney appraisers that say the brokers are bullying us helped cause this mess. All they had to do was say No. It's their own fault if they can't stand up for themselves against the "bully" brokers. Help, the brokers are bullying me! What a crock, wusses

5pence: (February 05, 2010 10:21am)

If the borrower decides to e-mail it to the lender - fine. I'm tired of slicing and dicing of reports and if that's what the borrower wants, it's theirs to do with what they wish. I've mentioned the Skunk Cuomo on his run for Gov at various sites and put TBWS in as the ones to go see. Hopefully your audience will grow. Andy Schmuck Cuomo is an ok AG, let him stay there.

5pence: (February 05, 2010 10:16am)

Nice Brian, but e-mailing to the lender is not good. Just let the homeowner shop it around wherever they want with physical copies. If the lender is involved in even just delivery, there will be slicing and dicing of the report. Frank, you only need one appraisal - the bank has to do i's risk assessment AGAIN! Poor bank? Not!!

5pence: (February 05, 2010 10:12am)

The problem is he's talking about getting rid of 80% of the experienced appraisers, when the AMC gives priority to the cheapest and least experience. We need to get rid of FHA and GSE aholes that don't know what they're doing. Guys, please insure this is recorded on your end. It's glitchy and I don't want to miss what's going on. Thanks

5pence: (February 05, 2010 10:12am)

The problem is he's talking about getting rid of 80% of the experienced appraisers, when the AMC gives priority to the cheapest and least experience. We need to get rid of FHA and GSE aholes that don't know what they're doing. Guys, please insure this is recorded on your end. It's glitchy and I don't want to miss what's going on. Thanks

5pence: (February 05, 2010 10:12am)

The problem is he's talking about getting rid of 80% of the experienced appraisers, when the AMC gives priority to the cheapest and least experience. We need to get rid of FHA and GSE aholes that don't know what they're doing. Guys, please insure this is recorded on your end. It's glitchy and I don't want to miss what's going on. Thanks

5pence: (February 05, 2010 10:03am)

The link worls but it say "server full" so I can't join the chat. Is this going to be recorded so I can listen to it later? I have to run out for a job soon. I hope it's recorded - Thanks!

TBWS Support: (February 05, 2010 10:02am)

Frank and Brian can only handle 100 people at a time in the Live Chat which is why it's limited. :)

St Pauly Girl: (February 05, 2010 9:59am)

is everone having trouble getting onto the live discussion today?

TBWS Support: (February 05, 2010 9:56am)

Hey Everyone - Live Show for HVCC is HERE : http://www.thinkbigworksmall.com/live_shows/view/5 Copy and paste into your browser

M@tt: (February 05, 2010 9:39am)

I am trying to figure out the same thing pertaining to the HVCC discussion

5pence: (February 05, 2010 8:56am)

appraise11: nothings changed so far as far as I know. You might want to check out Dave Stevens of FHA at his active rain blog..... http://activerain.com/blogsview/1450362/changes-at-fha..... Hey, how do we hook up to the live feed for the HVCC discussion? Thanks

appraise11: (February 05, 2010 7:33am)

good morning all i am an appraiser with 23 years experience who also wont work with amc's(yea). had my own shop for 17 years. been living off fha's till now. anybody know the latest on the 2/15/10 deadline. have there been any changes

stanthe man: (February 05, 2010 7:18am)

Hey I can't get on. I don't have a password or log in ID

5pence: (February 04, 2010 5:41pm)

The system is called fanatical quality appraisals??!! LOL!!! It must be very high on quality control {sarcasm} if they only use fanatical appraisers that can turn out 3-5 appraisals a day at $150 per 1004! When did fanatics take over as appraisers AND reviewers? lol. How to game the system in 1 easy step - don't care and spread the bllsht as thick as you can. It seems to be a game of one-upsmanship for our "handlers" in the fanatical frenetic fantasies they foist. The one that bllshts the best gets the orders hahaaaa. So friggen crazy lol

5pence: (February 04, 2010 5:11pm)

CAN WE SEND THE 120,000 SIGNATURES AGAINST THE HVCC TO OBAMA? THAT COULD HAVE A CHANCE OF GETTING SOME RESULTS. ANYBODY WITH ANY CONNECTIONS WE CAN HIT UP FOR DELIVERY INSTRUCTIONS TO BE SURE IT DOESN'T JUST GET TOSSED? MAYBE REP MILLER? I'LL CHIP IN FOR SPECIAL DELIVERY

joecolorado: (February 04, 2010 5:05pm)

that was most of the information on the web site about appraiserloft.hope it helps. I went to the valuation review dily website and voila.....there is was.... the miracle of modern technology.hope this helps.

joecolorado: (February 04, 2010 5:04pm)

The online appraisal management company AppraiserLoft has announced a new quality control review process that will only take 10 minutes to complete. Find out more here. (2/4/2010) AppraiserLoft, the San Diego, Calif.-based online appraisal management company has unveiled a new quality control review process of appraisals that the company claims will take only 10 minutes. In this article: AppraiserLoft Shane Copeland Bill Waltenbaugh quality control process According to a press release from the company, “by completing quality control reviews of appraisals within ten minutes of receipt, versus hours or days per industry norms, AppraiserLoft is able to streamline the appraisal process without compromising the integrity of their appraisal reports.” The system is called Fanatical Quality Appraisals and is described as a “self-imposed standard.” Shane Copeland, senior vice president, explained further. “In the past, expediting the appraisal process enhanced its potential to be susceptible to compromise,” he said. “At AppraiserLoft, however, we’ve adopted speed as a tool to enhance, not hinder, the quality and integrity of our appraisals. By co

joecolorado: (February 04, 2010 4:59pm)

deedie-holding what?...............LOL

Deedie: (February 04, 2010 3:53pm)

Actually the $2.97 bottle is not bad but it does no help with spelling. Could we please have a spell check added to this site as I am slurring my words and in need of help in anyway I can find it. God bless The unsinkable Molly Brown! Joe & 5pence, I'm in love (51 and holding)

Deedie: (February 04, 2010 3:46pm)

joecolorado,5pence and all of us: Maybe we should all get up in the morning and call the appraisal board in our state and see when there next meeting is and converge on them. None of us can afford to go to Washington (Can We, I Can't)My Florida appraisal board refuses to protect us. This year I have to pay $600.00 for E & O, Maybe $500.00 for containing ed,$1,750.00 for soft ware,etc. Sop what are they doing for us. I suggest we start with our state boards and then move national. If we have to pay for all of this doodoo so should the TOO BIG TO FAIL and Macs (Huge conflict) I thought after the Saving & Loans Scandal that we (citizens,los brokers(etc.) were put to standers to make sure this doodoo did not happen again. We need a roster from each state and appoint someone to speak for us then travel forward. Sorry but I am WINEING ($2.97 a bottle @ Walmar

Deedie: (February 04, 2010 2:56pm)

joecolorado, Joe does that mean you could read the stories are I am just an idiot? If any one has access to these stories please pass them on to the rest of us bums that can't afford to join PLEASE (SP) P S Frank and Brian we need a spell check please and thanks

TheRobbieLama: (February 04, 2010 2:50pm)

That youtube video sent by WIC below is the funniest thing I've ever seen! Hitler as the owner of an appraisal firm. So sad it's hilarious... http://www.youtube.com/watch?v=lDUpXwoj5Ck

joecolorado: (February 04, 2010 2:28pm)

have to go shoot some comps.I'll be back tomorrow.

joecolorado: (February 04, 2010 2:23pm)

Deedie-in that same issue there is an item about appraiserloft promoting a review of an appraisal in 10 minutes!Now THAT is the problem with our industry,we bust our buns to produce a credible defensible report that can be reviewed in just 10 easy minutes!What kind of reviewer can make an educated consideration of an appraisal in just 10 easy minutes.I cant even READ an appraisal in 10 mins never mind give a qualified definitive review in 10 mins.Perhaps THATS the issue....we are only as good as a 10 min review affords,thats why we are being shoveled to the side,we only warrant less than 10 mins before someone in appraiserloft decides that the appraisal is faulty.mmmmmm

damngladtobeabroker: (February 04, 2010 2:22pm)

LinvinginDC ....your "old saying" is mornonic. The NMLS applies to bankers and brokers and good luck with your testing. Many of the industry leaders and high producers still broker loans. Most of the brokers who folded and went to work for banks did so because they couldn't afford health benefits with such low production so bankers are sitting with the bottom feeders of the brokerage business. Enjoy that ONE ratesheet you are selling that's loaded with enough backside gain to buy benefits for every mediocre producer in your company.

Deedie: (February 04, 2010 2:16pm)

joecolorado, well looks like you are the one, got any little cotton socks or boxing gloves?

joecolorado: (February 04, 2010 2:05pm)

Molly did.....and she ended up in Denver Colorado.....god bless her little cotton socks.

Deedie: (February 04, 2010 1:51pm)

joecolrado, we are all in the same boat and sinking. What ever happened to the unsinkable Molly Brown. Did they not all pull together and survive?

joecolorado: (February 04, 2010 1:44pm)

Deedie, sorry dont get that mag, I am in the same boat as you, paddling and bailing like crazy but the water keeps coming in over the side.

Deedie: (February 04, 2010 1:34pm)

Is anyone a subscriber to Valuation Review Daily. Just received this teaser for todays headlines and can't afford to read tha entire stories? Today's Premium News Proposed AMC regulations in Tennessee contain strict fee provisions First American unveils appraiser-validated price opinions Appraisers outline priorities for 2010

joecolorado: (February 04, 2010 1:31pm)

written by Alan Paton a south african-its a good read,particularly prior to 1948 and certainly after apartheid became deriguer.very sad tale about Absalom,good book though.

WIC: (February 04, 2010 1:30pm)

Brian and Frank...I thought this you would like this one: Hitler on HVCC http://www.youtube.com/watch?v=lDUpXwoj5Ck

LivingInDC: (February 04, 2010 1:19pm)

Joe... not to generalize but my old saying is... "Friends don't let friends use Brokers". 1/3 of them shouldn't be in the business because they have no clue what they are doing... thus why the NMLS test has a 32% failure rate. 12 months from now the Originators that are left will for the most part be top shelf people.

5pence: (February 04, 2010 1:09pm)

Thank you CornerstoneKathy - that is good to know my rants aren't being totally wasted lol. Joe, to hedge against the dollar so that when it get devalued you have something else doesn't. Hint, shiny... heheeh. Later. I really do hope some of my rants do get to people. Change never happens by talking to Senators and voting - at least not very fast. Today it's a whole differnt ballgame in Washington. Our voice matters even less. The great changes have occurred by very public protest. Think about America's past and how it became so great. It's because our rights are guaranteed by the Constitution but those rights will be taken away if we don't exercise them. It's already happening. Cry the beloved country. Wasn't that a book? hmmm

joecolorado: (February 04, 2010 1:06pm)

sorry Kathy had a brainfuzz-I should have addressed that last one to 5pence,I was reading both of your blogs and got them mixed up, its been a long day already and I am only half way through..I'm stil annoyed by the "Brokerbytheday" blogger and its really affected me as he disappeared when he got blasted by persons in the know.

CornerstoneKathy: (February 04, 2010 12:59pm)

Joe I didnt say anything about the dollar but I would like a few more of them!

Deedie: (February 04, 2010 12:52pm)

ILL Appraiser. It is a very good idea. However, I tried that in my state (Folrida) you have to type in your zip code and if you are not in their district they kick it back. We would have to mail it to them. Just my experience here.

joecolorado: (February 04, 2010 12:50pm)

Cornerstonekathy-Even if the dollar is devaulued, the actual debt doesnt get absolved,the debt is still there it just means that the actual payment of the debt is covered by a less expensive dollar.Theoretically the same debt costs more as there is less of the dollar to go round. Devaluation happened in Britain in 1972 and in Germany in 1973(I think)which meant a loaf of bread went from 85 pence on friday to one pound on monday(an incease of 15%)BUT the pound never actually changed,it was an accounting "fix" not a physical fix and as usual the working man/woman got screwed by the pols as the first thing on the 1973 budget was increasing tax to counteract the devaluation of the pound & Value Added Tax(VAT) was introduced(was 2% in 1973 but is now 17.5%).go figure.

CornerstoneKathy: (February 04, 2010 12:16pm)

5pence..I wrote that yesterday because I genuinely missed you. I dont always agree with everything you say but you are passionate and motivational therefore I applaud you. I have spent too many hours on these problems to the point that my business was beginning to suffer. I was spending more hours fighting and trying to organize people on our beliefs than I was trying to keep my head above water. I lost 2 more employees in December. I had to tell people that I had worked with for over 10 years at Christmas that they had to go. It was one of the worst weeks of my life. I will continue to work towards a solution for the profession and in diversifying my business towards a future. In the meantime your blogg is a highlight of my day!

5pence: (February 04, 2010 11:59am)

Is it that I'm right or is it that no one wants to argue with me, LOL! I said my peace, we now return you to your regularly scheduled program.

5pence: (February 04, 2010 11:54am)

More results for today: Appraisers forming their own AMC, CO-OPS, HVCC compliant software programs to enable full fees and assuring that quality work gets priority. Results = 0. Joining Unions and all the new organizations popping up that want funds to save us. Results = 0. Having a place to complain to, the IVPI which was supposed to be enacted along with the HVCC. Results = 0. Attempts at logic about the banksters owning the AMC's is akin to the fox guarding the henhouse. Results of using common sense and logic? Results = 0. We have to seize this chance to do something before this chance disappears along with our professions. NO ONE IS LISTENING - NO ONE. We have to make them listen. It's not just for us that we would do it, it's for the future of this great country.

DUDE!!!: (February 04, 2010 11:54am)

Hammer's GFE webinar on how to present is a must. He really has the presentation down on this thing. The sales ideas were so layered it was amazing. Best 40 bucks spent in my career. Totally professional, totally helfpful. Highly recommend it to any LO's or even Realtors for that matter. B&F, thanks for making this available.

5pence: (February 04, 2010 11:41am)

CornerstoneCathy: I always have time to blog & try to get people into action to change things. Call it a passion. It just seems like no one seems to care anymore & I find that very sad. There's much more at stake than appraisers & brokers fees, it's the law of the land that's being violated daily. Corruption at the heads of government is so pervasive they can't even see they're running us off a cliff by stealing our future for pork. The dollar must be devalued so that the national debt, $2 trillion dollars can be manageable. They say interest payments alone on the debt will be more than the gross national product within 7 years. Obama wants to take $30 billion of tarp funds, where it expressly says that this money is to be used to pay the national debt, & waste it on pet projects that will have no effect on joblessness. If the dollar were devalued, say 90%, then 10% of $2 trillion is $200 billion, very manageable. Anybody see any different? A lower dollar is needed to create jobs too.

Valuequestor: (February 04, 2010 11:37am)

If you continue to watch and follow TBWS you must have some faith in Brian and Frank and the people they have chosen to associate with. The National Association of Independent Housing Professionals (NAIHP) is a young organization But it is up and running. The the people involved are doing something...not just talking about it. Hey, we need to talk...its how things START...But these guys have been out MEETING with the people..... Cuomo, Senators, Members of Congress and the Agency Heads that will ultimately be making the decisions ending or seriously modifying the havoc caused by the HVCC. I have faith and confidence in Marc Savitt, Frank and Brian. I am backing the NAIHP and have GLADLY paid my $50. I got to see some results and ACTION before I put my money up. Lets get behind the NAIHP. This is going to spread the same way we got the HVCC Petition up to 115,000 plus signatures. Spread the word. Appraisers, LO's, Title People, Realtors, Workers in your office, Processors. SIGN UP!

Valuequestor: (February 04, 2010 11:35am)

BrokerbytheDay: You must be very proud of your appraiser friends. How about sharing their names or company names so all of us lame wannabees can see how a real appraisal operation should be run. Help us all out. Somebody in northern Indiana must have an idea who these clowns are. I want BLOOD.

G-Appraiser: (February 04, 2010 11:33am)

EVERYONE should really read the link from the first american job posting mentioned below. Appraisal coordinator. That is amazing that all that was in there. That says it all. Get the biggest rat for the smallest piece of cheese. Never once was "quality" mentioned. That was a scary read. Also I watched the "You Tube" video, Hitler on HVCC. It's funny in content and says it all but no audio and "Hitler" maybe another dictator or something. Makes it kinda hard to watch. Too bad could have been really good. Worth checking out.

real appraiser: (February 04, 2010 11:29am)

If we know Cuomo, after this lawsuit he should strip all appraisers of their licenses/certifications if they do not work directly as staff appraisers for B of A or lenders aid - Their own AMC, not for any reason, but anybody know how the guy that threatened Cuomo is fairing, I am sure they reduced his bail. If its over 50 bucks, I am sure he is still sitting in jail. on the bright side, he has got a roof over his head and three meals, better than some of my (appraiser friends), The sad part of that is that it really is true.

5pence: (February 04, 2010 11:27am)

Edit: Cuomo should have kept HVCC in NY.

5pence: (February 04, 2010 11:25am)

They think we're pushovers. They take away our voice in Government investigations of what went wrong, they've taken away our voice in anything that matters, they've hijacked our appraisal organizations, they've taken our individual dignity & our careers and are busy reducing us to the lowest common denominator so they can replace us with AVM's. They know they've kept appaisers at odds with each other for years with the lenders playing one appraiser against the other for work-and we've never really organized for the benefit of our profession. All the organizations are bought out and that also helps to silence us. It's like herding cats is what they say about us & organization. Fiercely independent is what I say. We need to show them that we will be listened to and we won't take no for an answer. They were chittin bricks over Brown winning in Mass., imagine if we can get Cuomo defeated. They'd be chitting tons of bricks & would bend over backwards to please. Cuomo should have kept in NY.

real appraiser: (February 04, 2010 11:20am)

HERES THE LATEST FROM CUOMO: NEW YORK - New York's attorney general charged Bank of America Corp , former Chief Executive Kenneth Lewis and former Chief Financial Officer Joe Price with fraud for allegedly misleading shareholders about the bank's acquisition of Merrill Lynch & Co. Separately, the U.S. Securities and Exchange Commission said the largest U.S. bank agreed to pay a $150 million civil fine and strengthen disclosure and corporate governance to settle its two lawsuits alleging poor disclosure of Merrill's losses and bonus payouts. The accord requires court approval. Invoking a powerful state law used to combat securities fraud, New York Attorney General Andrew Cuomo filed a civil lawsuit on Thursday accusing Bank of America, Lewis and Price of intentionally failing to disclose massive losses at Merrill prior to a December 5 shareholder vote on the merger. .but give them free reign as amcs holding all the power over us

5pence: (February 04, 2010 11:18am)

Here's the results so far. Mailing and contacting state representatives. Results = 0. Lawsuits in the works that will have a chance of winning. Results = 0. Petitions, even hand delivered. Results = 0. Writing your State reps and meeting them is not new. Many have been doing it for a year or more. Any tangible results? = 0. Ads were suggested to educate the public. Results = 0 because not enough people signed up to pay for it. We are not going to get anywhere without actions. You may or my not like me and my views, but you know I'm right. Change that "might" occur in a corrupt Government, if they happen, will take years & there will be so much pork added to any real change that the original goals will be muted and unrecognizable, if the intended exist exist at all. We need something new, something that will make people sit up and take notice. All this complaining and fulminating is getting us no where quick. They just aren't listening. We have to make them listen to us, not the AI etc.

G-Appraiser: (February 04, 2010 11:01am)

Illinois appraiser. That is a great idea for starters. I spoke with Govenor Millers office and I was told that the best thing we could do is contact our local senators as that really makes a difference. I think we could all commit to mailing a brief to the point letter to each official that would make a difference. Good thinking. It would be a step that would cost 5 minutes and a stamp. I'm on board.

kc: (February 04, 2010 10:57am)

brian can i have you email i would like to send a letter a got from my rep for indiana

5pence: (February 04, 2010 10:45am)

Anybody? A website to take donation pledges to ruin Cuomos run for Governor? I think we owe it to him to ruin his dreams like he ruined ours

5pence: (February 04, 2010 10:43am)

Thanks cluelessdad! Miller is the one to talk to.

Clulessdad: (February 04, 2010 10:41am)

Ill appraiser-I am trying to get a meeting with Rep Gary Miller to see if/how we can get some bang for the 116,000 signatures on the HVCC petition. He is the leader of the House trying to sunset the HVCC. His scheduler said I may get one in mid Feb. If I get one, I will let the forum know so that more of his constituents can voice their urgency issues.

stan the man: (February 04, 2010 10:33am)

ILL appraiser: thats a good idea but we need to keep it clean and to point. If its not short they won't read it.

ILL Appraiser: (February 04, 2010 10:25am)

I'm not sure if this has been mentioned before because it is rare that I would come up with an original idea but what if instead of each of us writing to our individual legislators we all got together daily and focused writing to a designated individual(s) and overwhelming them with email. Say on Monday all of us wrote to the senators of New York. Instead of them getting a few emails from their constituents on a given day, they got thousands from all over the country on a single day, wouldn't that get their attention? Then on Tuesday, the senators from California. Wednesday, maybe the media, Thursday, the president, etc. If we had someone to coordinate the effort, Frank? Brian? I think it could be very effective.

Bono Vox: (February 04, 2010 10:13am)

Mtg Guy - regardless of your lifestyle choices, one should not allow one's life partner to run a brothel out of one's home. Unless one is an appraiser stuck with low end AMC fees or, apparently, one is a Massachusetts representative.

5pence: (February 04, 2010 10:13am)

Kristeen - I feel for you, it's so sad. The consumer is getting screwed and the AMC's are really just ripping them off. It makes no business sense at all to have to hang your own livelihood on an unknown quantity like who gets to pick the appraiser. Especially when the ones doing the picking are profit entities that have no concerns about you or the consumer. F & F are hostages thanks to Cuomo. Did he really get $10 million from 2 of he too big to fail banks? Seems like that should be illegal, but he found a way around it, I'm sure. Learns the law so he can create his own outside the law empire. That's one Putz that needs to be put in his place.

stan the man: (February 04, 2010 10:08am)

Brokerbytheday: Your drinking Kool Aid my friend and it's comments like yours that don't help the situation. Someone will read that BS and think that we appraisers all make that kind of money by ripping off people. So keep that BS to yourself and tell your lying friends to knock it off. We need to pull together now more than ever

BullyBully77: (February 04, 2010 10:07am)

Welcome to California, -- The Land of Phony Landlords -- YOU TOO can collect rent from non english speaking tenants - and you can even charge them rent by the head...AND not have to pay a mortgage to anyone because you're not on title anymore -- but your tenant won't know the difference! Brilliant!! And now the rest of the story...You see there was a time when one immigrant would look at his fellow cousin immigrant and see him buying not one but two or three homes and become jealous and say to him or herself "I want to do that!" And so with the help of Billy, Fanny and Freddie They DID!...and soon many homes were filled with homeowners and they rented other homes to newly arrived immigrants. Now this immigrant looks over at his cousin who has not made a mortgage payment in over a year (and by golly he still collects rent from his unknowing tenants) and says to himself "I don't want to pay my mortgage like my cousin so I won't!" And soon California became owned by many odd banks.theend

KristeenS: (February 04, 2010 10:06am)

Another two low appraisals today. One appraisal came from a Wells Fargo appraiser 50 miles away. In our town, there are hundreds of appraisers that could have done a better job. This consumer will get denied the ability to save almost $200/month.

Clulessdad: (February 04, 2010 10:06am)

Frank and Brian-Rep Miller,(my Rep in the House) who is tying to sunset the HVCC, will be in his Brea office in mid Feb. I have requested a personal meeting with Mr. Miller on the subject of HVCC thru his personal district manager. He needs to hear more of the horror stories about this fleecing of America by the big banks and i would like to know what is the status of this problem. Anyone else interested in joining me in this meeting? Frank and Brian-any interest in joining if I can get one?

5pence: (February 04, 2010 10:03am)

Brokerbytheday is full of it. He just posted that to try to belittle appraisers. It sounds like he's describing an appraiser mill and you all the know the quality of work they do - they're the reports we refer to the state over and over again.

5pence: (February 04, 2010 9:58am)

This isn't a economic crisis follwed by a financial crisis, it is & always has been a moral crisis! The problem is the immoral are the ones that we voted in and they're being controlled by those with the money-the banks. They're nothing more than puppets controlled by bankster lobbyists. It's so immoral they think nothing of violating the Constitution. They do it daily! It totally disgusts me. The only real politician out there that isn't bought & sold is Mr Ron Paul of Texas. He advocates turning things around & back to respecting the Constitution as the law of this land-IT IS! Dammit. Brian & Frank. I think what we need is a pledge site for those willing to contribute to defeating Cuomo. A promise of contribution can be made & when the time comes the funds are collected, We need to get it going now. I'm not really good at website creation, you guys seems to know what you're doing much better than I. But, if you want me to create a website, I will try. I think we need to do it now.

real appraiser: (February 04, 2010 9:47am)

Can we all do research like mardi gras madam and forward all these illegal and unethical jobs/orders to someone and hand it over at the next cuomo meeting or give it to the media, or make a website that shows whats really going on. maybe 20 boxes of requests to violate USPAP and new (and worse) pressure on appraisers from bank owned AMC's and how each borrower and buyer are getting screwed. Any better or other ideas that might work??? I do not know how the appraisers can fight back since the system is designed to make the worst appraisers profit and the better ones forced out. I cant make appraisers stop working cheaply for AMC's, and few full pay jobs are getting harder and harder to find.

NYAPP: (February 04, 2010 9:40am)

Mardi Gras Madam - Thanks for that website address, I just sent it to my State Board, not that the NY board does anything. HEY FRANK AND BRIAN how abou addressing this with Coumo on your next visit? Checkout paragraphs 4 and 7 under the heading ESSENTIAL FUNCTIONS.

real appraiser: (February 04, 2010 9:32am)

Mardi Gras Madam:, kat; THE FACT THAT THEY CLEARLY STATE -VENDORS (OUTSIDE INDEPENDENT APPRAISRS) a search for lowest fee appraiser to maximize profit and any increase in fee over 1 .5 mil (which violates USPAP) shows the pressure put on the independent appraiser. Its a joke. If this does not change, every day the real estate industry will get worse. Everyone knows what is going on and not one politician on either side is taking a real stand for us. Does any body have any ideas on how to stop this, I cant write any more letters or sign any more petitions. Can someone give these to any AG that can fight on our behalf. This is so frustrating, EVERY day gets worse. Bobby, feel your pain, same boat here

Get Real: (February 04, 2010 9:28am)

Dear Mr.Brokerbytheday!!, You are an absolute idiot and a liar. So keep your comments to yourself. If you thought about calculating how many appraisals your appraiser friends would have to complete to make that kind of money, you would see that you are an idiot. At $400K that is approx 3 appraisals every single day including weekends...People like you and Barney Frank make me sick.

kim: (February 04, 2010 9:27am)

Brian - Are you still doing a show tomorrow to update the hvcc stuff and when is your meeting

ILL Appraiser: (February 04, 2010 9:23am)

Brokerbytheday - I'd like to know how an appraiser makes $300k-$400k per year. If the average appraisal cost $350 (which was high for the midwest)and a good appraiser can reasonably complete two a day that only adds up to $255K a year working all 365 days @ 2 per day. Statistics provided at a recent CE class showed that back in the day, the average appraiser made between $50K and $75K per year.

Kat: (February 04, 2010 9:20am)

I know you guys are going to have fun with this. http://jobs.firstam.com/jobs/205840-Appraisal-Coordinator.aspx

Stingray: (February 04, 2010 9:17am)

Congrats to appraisers that can make 300k+/year. However, unless you employ several appraisers to work with you and are basically the "man behind the curtain" distributing the deals, there's no way you can make that kind of money. I applaud those that can do this and still maintain a high quality report, but for those of us that choose to remain small and do the work ourselves, there's just not enough time in the day to develop enough appraisals to make that kind of money - especially these days. If you can squeeze out 70-80K per year, you'd be doing something in today's environment.

bobby hinson: (February 04, 2010 9:13am)

Good morning to all you. you should all look at this video http://www.youtube.com/watch?v=lDUpXwoj5Ck, i want let everybody know that if you bug these AMC's SKYLINE FUNDING long enough you might get paid it only took me 6 months, but i got my money. Does anyone really know who we (Appraiser) can get help from anymore????????? I need work PLEASE, does anyone know of any AMC's that pay and have steady work if so PLEASE, i am losing everything. My email is rhinson@socal.rr.com, i just want to work and get paid.

kim: (February 04, 2010 8:59am)

Brian - Are you still doing a show tomorrow to update the hvcc stuff and when is your meeting

Evil Genius: (February 04, 2010 8:59am)

Brian, I'm the guy that e-mailed you about giving me 15 minutes on a call. Hopefully you will catch up on those e-mails soon. Its about an industry transforming legacy that you can be a part of.

So Cal Appraiser-Steve: (February 04, 2010 8:59am)

The whole appraisal model, as an AMC driven business, takes the independance away, takes the ability to make an honest living away, takes the drive to find and service clients away, takes the ability to pay your taxes, your data sources, your insurance for car, home & E & O away, takes your life away, causes depression, bankruptcy, foreclosures, loss of credit, unability to create jobs for assistants or trainees(joke), goes against everything the President is asking us all to do. So why is this the model that is being rammed down our throats? It is anti-American, anti-job creation, anti-human. How can we stop the maddness, cant we just get along? Its really about one thing, PAY!! Why has the group that gets paid the least in the transaction, yet has the most intense part of it, the technical part, the unimaginable turnaround 48hr time in a 60-90 day transaction, getting the most pressure. All we wanted was to get rid of the pressure, not it is 100 times worse. And less pay, WTF.

Mardi Gras Madam: (February 04, 2010 8:55am)

Take a look at this link. This explains a lot. HVCC is not working and will never work. AMCs suck and this link proves it. http://jobs.firstam.com/jobs/205840-Appraisal-Coordinator.aspx

Mtg Guy: (February 04, 2010 8:51am)

What a coincidence, here is a link to an article referencing Barney http://english.pravda.ru/opinion/columnists/107459-american_capitalism-0 and here is the reference So, should it be any surprise to discover that the Democratically controlled Congress of America is working on passing a new regulation that would give the American Treasury department the power to set "fair" maximum salaries, evaluate performance, and control how private companies give out pay raises and bonuses? Senator Barney Frank , a social pervert basking in his homosexuality (of course, amongst the modern , enlightened American societal norm, as well as that of the general West, homosexuality is not only not a looked down upon life choice, but is often praised as a virtue) and his Marxist enlightenment, has led this effort. He stresses that this only affects companies that receive government monies, but it is retroactive and taken to a logical extreme, this would include any company or industry that has ever rec

beedowgy: (February 04, 2010 8:34am)

brokerbytheday, thats 100-150k pay cut. almost 40%. pretty significant. you must own an amc.

brian tbws: (February 04, 2010 8:34am)

Hey Guys Just wanted to say I'm catching up on emails so hang with me.

Evil Geneius: (February 04, 2010 8:33am)

For all you Barney Frank lovers. http://www.youtube.com/watch?v=7nEoW-P81-0 We can get rid of him

joecolorado: (February 04, 2010 8:29am)

Broker by the day-so they have had a 25% drop in their income!because of(put your justifiable reason here)? The job hasn't changed,neither has their working neighborhood,the quality of their appraisals hasn't changed,but I bet their liabiity insurance has HAD to be increased and they have to supply additional information and they have to wait 30-60-90 days to get paid now and they now work FOR someone instead of for themselves as its not THEIR client anymore its the AMC's client, and I bet they wont be bringing on any juniors to teach,and dont YOU think there is a problem with this?DONT YOU THINK THERE IS A PROBLEM HERE?

Lies Infinitum: (February 04, 2010 8:23am)

I just went over and subscribed to the Niche Report and since I am an appraiser, I took a look at the section concerning news for appraisers.....naturally. THE FIRST ARTICLE WAS FROM A CAROL ROCKMAN TALKING ABOUT ALL THE WONDERFUL OPPORTUNITIES FOR APPRAISERS IN THIS BRAVE NEW WORLD. CAROL ROCKMAN IS FOUNDER OF NVS WHICH IS AN AMC........THANKS BUT NO THANKS. THIS WILL BE THE SHORTEST SUBSCRIPTION IN HISTORY.

joecolorado: (February 04, 2010 8:23am)

In any event Charity begins at home, kids are smart little sponges,if they see the grown ups are making an effort,guess what? If they see the grown ups biatchin about everything,guess what? but you are absolutely right,a house doesnt make a home,its the people that live in it that MAKE it a home.Dont get me wrong rich people are no different than riff raff in that respect,its just that sometimes getting a dollar bill out of Midas's pocket sometimes entailed a large crow bar,a gallon of corn oil and a lot of determination.When I had my office it was my job to collect & sometimes I would take along the app'r with me just to see how difficult my job can be,sometines it was hilarious,some times it was sapping,but ALWAYS rewarding as I generally got paid for my troubles.BUT,I always paid my app'rs whether I got paid or not,as thats what I told them when they came on board.MY clients MY problems.All I wanted tyhem to do was to have aconcern about value & not worry about pay.

Brokerbytheday!!: (February 04, 2010 8:22am)

James the Appraiser...you might make more if you weren't on here whining all freakin day. I have too close friends that are appraisers and signed up with AMC's that yeah back in the day were banking $350-400k per year but are now sadly making $250-300k per year. They live in Northern Indiana too near ELKHART, IN of all places and they are doing just fine. So shut up and do your job!!!!

Greg: (February 04, 2010 8:20am)

HVCC is spreading http://www.youtube.com/watch?v=lDUpXwoj5Ck

CornerstoneKathy: (February 04, 2010 8:17am)

yeah Joe dont worry they still take the desserts! Doesnt that just "take the cake"!!!

Sam Shile: (February 04, 2010 8:16am)

Since when are Reid and Pelosi Republicans? OPPs Pelosi is just old!

joecolorado: (February 04, 2010 8:12am)

Cornerstone-If they dont like day old bread....... let them eat cake.

atbtbs: (February 04, 2010 8:10am)

Never say never.

James the Apprasier: (February 04, 2010 7:56am)

$250,000 a year, Ha Ha, I have never made any thing close to that, as an APPRAISER with all the new rules (AMCs and the like) I will never get to that level.

Miller 1: (February 04, 2010 7:36am)

Brian & Frank Help where is the informantion about FHA orders after 2/15/10 you had a link before and I need it because lenders are saying they cant order FHA after that date.

Clulessdad: (February 04, 2010 7:25am)

Cornerstone -You are absolutely right! There is a big difference between a house and a home. A home is an investment in your family.

CornerstoneKathy: (February 04, 2010 7:22am)

joecolorado..back to our core values..I know I would donate more if I didnt feel like it was stolen from me everyday and given to people who dont deserve it..fact is I worry because due to my lack of charity I fear I not teaching my children to be charitable at all these days. We donated from my family's bakery the 2 day old bread to the food bank..They asked us not to anymore because the bread was stale..uh have they heard of toast, breadcrumbs or garlic bread?

brian tbws: (February 04, 2010 7:21am)

Hi Popeye and neither do you it its required.

SoCalMtgGal: (February 04, 2010 7:21am)

Cornerstone Kathy - We bought our home in 1989 right before the last downturn, lost our entire 1/3 down (on paper), but bought the home to raise a family, good schools. Our kids have nothing but wonderful memories of this home. Selling now, as everyone has grown up and married. Everyone that looks at the house just wants to know, will the market continue to go down? Will I make lots of money in 3-5 yrs? Can't believe we are the only people left that want to raise a family and create those memories. Hopefully the right buyer is out there and can appreciate the beautiful home that this is. Wake up America, where are your values? BTW, Massachusetts, make the right decision and vote Barney Frank OUT of office this November! He's been part of the problem from the beginning.

njloanman: (February 04, 2010 7:16am)

Love Gary V!

Frank@TBWS: (February 04, 2010 7:11am)

Popeye... neither do you. You can use whatever systems you choose.

joecolorado: (February 04, 2010 7:11am)

The people that have money generally dont give it away....THATS WHY THEY HAVE IT, look at Bill gates, gives away millions but its a measly trifling amount to him when you compare his net worth.....The worst payers of appraisals are rich folk....they are tighter than a duck's butt when it comes to getting fees paid and they biatch about every penny they are giving you out of the goodness of their heart no less.

Popeye: (February 04, 2010 6:56am)

Does Vanderchuck have a 2500 limit on the amount of subscribers he can receive? Bet NOT!

Chris: (February 04, 2010 6:47am)

GMAC Cuts More Than 500 Jobs in Mortgage, Auto Finance Units. http://www.bloomberg.com/apps/news?pid=20601087&sid=atuO11432sug&pos=7 Ditech no mas???

GWW: (February 04, 2010 6:28am)

VA86yAIG is contractually liable for the bonus amounts, in fact they negotiated them down to the current level. I think this is the last year of the contract. If not paid, they would be taken to court and loose even more.

Mortgage Girl: (February 04, 2010 6:10am)

Never mind.....duh. I see them.

Mortgage Girl: (February 04, 2010 6:10am)

Okay - is it just me? When I try to scroll up or down in the Links and Docs section, nothing happens. All I can see is the link to CAGW and Sexy Fest....

Frank@TBWS: (February 04, 2010 6:08am)

Links have been posted.. if you don't see them, refresh your browser. SORRY!

jonathan56: (February 04, 2010 6:08am)

Its guys like Frank here at the bottom that are the downfall of America. If the government would put a deadline on you drawing government assistance like a two year deadline this country would be in hell of alot better shape. Your the guy who thinks I should be responsible for making your house payment. Ignorance is not an excuse anymore. Anytime you wanna talk about this I will be glad to cause things like you said are starting to piss hard working americans like me off. Im sure you wont reply cause you standing on the corner somewhere looking for a handout.

Just sayin': (February 04, 2010 6:02am)

Funny, Brian, toward the end of the clip, I heard the faint sounds of a banjo in the background. Weird. We all know the carnage Frank, Cuomo and the rest of the inept crew have caused, let us move to higher ground and focus on positive news in the industry (Lord knows we need it). Thanks for watching, love the show.

Chukster: (February 04, 2010 6:02am)

No Gary Vaynerchuk link

Frank@TBWS: (February 04, 2010 6:02am)

Links are there... SORRY! My bad!

Anonymous: (February 04, 2010 6:00am)

http://www.youtube.com/watch?v=lDUpXwoj5Ck

Cuomo's Doppelganger: (February 04, 2010 5:59am)

Cornerstone Kathy, I wouldn't call you crazy. Business ethics have been throw to the side when a quick buck can be made - greed is in!

mikepinter: (February 04, 2010 5:57am)

Just saw the Hitler rant. I am ussually sensitive to this kind of satire because I'm Jewish and most of my extended family was killed by Hitler, but I laughed my head off.

mikepinter: (February 04, 2010 5:57am)

Just saw the Hitler rant. I am ussually sensitive to this kind of satire because I'm Jewish and most of my extended family was killed by Hitler, but I laughed my head off.

LoathingtheGFE2010: (February 04, 2010 5:56am)

I think it is imperative that you continue to bring to the forefront the antics of both Cuomo and Barney Frank. Between the two of them, they have made 2010 the worst year to do business in our industry--and I have been around since 1992 and am no neophyte. If the HVCC appraisal doesn't kill the deal, waiting to get a GFE prepared correctly (especially in a state like NY with mortgage tax and where we don't close in escrow)will. The next point I would love to see discussed is this: why as a mortgage broker must I be licensed and take a myriad of tests when if I zip off to a bank I don't need to? How is it legal to create a separate litmus test for one group of originators but not another? If we really want to change what is happening, ousting Barney Frank and watching him fade into obscurity is our first course of action.

Mortgage Girl: (February 04, 2010 5:54am)

The videos you're talking about aren't in "links and docs"

Mortgage Girl: (February 04, 2010 5:49am)

@ Cornerstone Kathy - AMEN, Sister! I have been in my house since 1992 and LOVE it like nothing else. People just don't search for a "home" anymore. It's really a sad thing.

mikepinter: (February 04, 2010 5:47am)

No Vaynerchuk link

Ezradam: (February 04, 2010 5:47am)

Morning Kathy....are you going to the "let's stick it to the AMC regulation meeting today?"

Ezradams: (February 04, 2010 5:45am)

This rant is a classic, however it is a bit foul for an appraiser to be represented by Hitler. Maybe somebody could get some dialogue together having Hitler as the President of an AMC.

CornerstoneKathy: (February 04, 2010 5:43am)

Call me crazy but I think some of our housing crisis is a part of the loss of Americas core values. Where have the buyers gone that purchase a house because they love it, its close to their families and they want to build their childrens memories there. A place where they would always want to call home? Would you default on that even if the value had gone down if you could avoid it? People are now trained not to make emotional decisions about their homes..but I love my house, I clean it, I have everyone for Thanksgiving dinner there and I brought my babies home from the hospital to their nursury that I painted myself. We help our neighbors and they help us..are we falling apart as human beings?

stan the man: (February 04, 2010 5:42am)

Have to say. The "Hilter rant on HVCC" on you tube is Great. Send it to Barney

Anonymous: (February 04, 2010 5:42am)

Ditto - Do not see niche report link or the link for Gary Vaynerchuk.

FL appraiser: (February 04, 2010 5:18am)

Anyone who has the time should go to you tube and type in "Hitler rant on HVCC" this is a very funny video someone has made. The not so funny part is that it is very factful. Good job whoever did it, now let's get it to someone who can do something about it.

Broker in RIC: (February 04, 2010 5:10am)

Contrary to the attorney's remarks below, please never stop exposing people like Barney Frank and Andrew Coumo. Continued exposure and increasing awareness is the only way to counteract their powerful stupidity.

lilone: (February 04, 2010 4:55am)

Do not see the niche report link or the link for Gary Vaynerchuk.

ratherbeinmaui: (February 04, 2010 4:45am)

Hey, guys... no links to the right! MBS Tracker instead. Oh... and, Stan the Man... perhaps you should write your comments BEFORE you start drinking, not after... just a thought!

Votethemalloutnow: (February 04, 2010 4:44am)

I really don't care about your political affiliation. That's your business. Great work calling out corrupt scumballs like Barney Frank and shedding light on our wasteful government practices.

Island attorney: (February 04, 2010 4:39am)

Great show but you need to get past bashing Barney Frank and Andrew Coumo every other day. They are both wankers but are they really worthy of our constant attention? I have gotten to the point I fast forward every time you mention them....just a thought.

loaninator: (February 04, 2010 4:26am)

Cant see Gary Link or Niche Report

stan the man: (February 04, 2010 4:24am)

Frank: I can't believe that you have nothing better to do or say. You need to get a life. if you don't like the site do watch it. I'm sick and tried of guys like you. and as you have heard before from Dems. "shut up and sit down".

Killin' it with GFE 2010: (February 04, 2010 4:11am)

Looks like a glitch that they don't have the links up. I don't have links to Niche or Gary, but to sign up for Killin' it with GFE 2010 you can copy and paste this link in your browser....... http://www.thinkbigworksmall.com/mypage/archive/4825/27802

jaythedrummer: (February 04, 2010 4:08am)

Hey guys, I'm not seeing the niche report link or the link to Gary Vaynerchuk.

Rhodyloans: (February 04, 2010 3:43am)

Hi Guys, I don't see a link for the Niche Report

appraiser in North Carolina: (February 04, 2010 3:38am)

Frank, You must an idiot, just still blindly in love with a president that can't see the impact of his actions. My understanding is that many of the elected democrats are unhappy with the budget and the impact on the future of this country. Wake up Frank!!!

Frank: (February 04, 2010 2:57am)

You guys must be Republicans..Old White guys what a supprise! lol