Mary Cummins, Real Estate Appraiser, Animal Advocates, Los Angeles, California

Mary Cummins, Real Estate Appraiser, Animal Advocates, Los Angeles, California
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Saturday, July 19, 2025

Why HUD Was Right to Roll Back PAVE Task Force Policies by Mary Cummins


Great article by Tobias Peter and Edward Pinto of American Enterprise Institute about HUD's rollback of PAVE Task Force policies. Summarized there was and is no racial discrimination and lowballing of blacks, Latinos by real estate appraisers. The polices were unnecessary red tape added to the mortgage process and the government is removing it.

Let me just say this quickly, WE TOLD YA SO! WE TOLD YA SO! WE TOLD YA SO! After six years of screaming about this from the mountaintops it's nice to see the government finally realize this huge mistake and false narrative. I realize it's mainly just Trump unwinding all things Biden. Permit me to savor the moment anyway. I've spent countless hours doing research, historical appraisals and writing articles to prove this point.

Tobias Peter wrote this ARTICLE published in Mortgage News July 18, 2025. It summarizes American Enterprise Institute's many independent research papers on the subject. The article's conclusions are as follows:

1. PAVE Task Force, Andre Perry and the Brookings Institute disregarded socioeconomic factors and falsely stated real estate appraisers lowballed blacks, Latinos in home appraisals. Research has shown the differences in values was because of location, location, location.

2. Freddie Mac and FHFA falsely stated that appraisers lowballed blacks, Latinos in lower income, value areas. Research has shown the cause of differences in value was location, location, location, first time buyers and concessions.

3. PAVE, Freddie Mac, FHFA, media, entire world falsely stated appraisers are racist and lowballed blacks, Latinos. Research has shown there was no statistical difference in appraisal values based solely on race. 

4. Everyone said blacks, Latinos were denied credit, mortgages based on their race. Research has shown that banks were actually more likely to give high risk loans to blacks, Latinos. My comments. Banks probably felt pressured and had a fear of being sued. The banks will probably be sued over this when those people default.

5. References to possibly race related words in appraisals were statistically insignificant. We weren't allowed to state a kitchen had "white" cabinets because of these silly rules. We couldn't say "master bedroom," subject located next door to a "church," subject is a "senior living project," or "student housing." Some of these words were actually important though most appraisers got rid of "master" bedroom years ago. It's just "main" bedroom now.

The end suggestion to close the wealth gap between upper and lower income groups of all races is to encourage and help lower income people make more money on their own. I've said since the beginning that the cause of the wealth gap, home value gap is the income gap. It's not caused by appraisers or discrimination. People who make more money have more money and buy more expensive homes in more expensive areas regardless of their color or race.

Of course the media will never correct any of their false and misleading articles. Those articles caused appraisers to receive death threats, harassment, negative business reviews and frivolous lawsuits. I'm sure the false narrative will continue just because of the past media articles. People will continue to refer to and cite the false articles as if they were research, settled law or the bible.

Cummins Real Estate Services #AEI #pavetaskforce #HUD #marycummins #realestateappraiser

Mary Cummins of Cummins Real Estate is a certified residential licensed appraiser in Los Angeles, California. Mary Cummins is licensed by the California Bureau of Real Estate appraisers and has over 35 years of experience.


Mary Cummins, Mary K. Cummins, Mary Katherine Cummins, Mary, Cummins, #marycummins #animaladvocates #losangeles #california #wildlife #wildliferehabilitation #wildliferehabilitator #realestate #realestateappraiser #realestateappraisal #lawsuit real estate, appraiser, appraisal, instructor, teacher, Los Angeles, Santa Monica, Beverly Hills, Pasadena, Brentwood, Bel Air, California, licensed, permitted, certified, single family, condo, condominium, pud, hud, fannie mae, freddie mac, fha, uspap, certified, residential, certified resident, apartment building, multi-family, commercial, industrial, expert witness, civil, criminal, orea, dre, brea insurance, bonded, experienced, bilingual, spanish, english, form, 1004, 2055, 1073, land, raw, acreage, vacant, insurance, cost, income approach, market analysis, comparative, theory, appraisal theory, cost approach, sales, matched pairs, plot, plat, map, diagram, photo, photographs, photography, rear, front, street, subject, comparable, sold, listed, active, pending, expired, cancelled, listing, mls, multiple listing service, claw, themls, historical appraisal, facebook, linkedin

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