mr. gregory. the gses created this new uniform appraisal data base, the uad, which is used on all gse appraisals and also for fha. how is it all working out? >> fortunately because of the work that i do, i've not had to complete one of those reports. however, i have heard from dozens if not hundreds of appraisers. >> could you be closer to the microphone? >> i've heard from dozens if not hundreds of appraisers about their experience also from consumers. the uad method of reporting was not implemented to enhance the quality or credibility of an appraisal report. what it does enhance is data gathering. it does not improve an appraiser's performance or ability to accurately or credibly estimate an opinion of value. in fact, i believe it makes the appraisal report more confusing and less useful to the consumer. granted, the consumer is not an intended user of an appraisal completed for mortgage finance transaction. however, the wording in the form clearly anticipates that the borrower will be placing

mr. gregori, you're recognized for five minutes. >> good morning. i thank you for the opportunity to testify on behalf of the national association of realtors about appraisal and the regulatory impact on consumers and businesses. nar represents more than 1 million real estate professionals, including approximately 30,000 licensed and certified appraisers. my name is francois k. gregoire. i go by frank. i do not speak french. i'm a realtor but earn my living as a real estate appraiser. my qualifications are fully detailed in my written testimony. nar believes a strong independent rah appraisal profession is important to real estate consumers and the industry and vital to restoring faith to the mortgage origination process. appraisals are critical for the housing market recovery. there's no question about the importance of appraisals in real estate and mortgage transactions. a credible valuation by a competent, licensed or certified professional provides benefits to the lender, borrower and secondary markets. public trust in the real estate profession

mr. president, i would like to take roll-call. [calling roll] commissioner dejesus excused. commissioner turman is excused. we have a quorum. we also have the chief of police, gregory sir. uhr. president is tomazzucco: thank you. welcome to the tendetenderloins police commissioner meeting of wednesday, june 27. there are seven appointed by the mayor and three by the board seveof supervisors, but we works a unit, regardless who have appointed as. we will tell you about our day jobs, but i want to say we do this once a month, the last wednesday of the month, and is the favorite part of our dog to go out in the community. we're here tonight to hear your concerns about what is taking place in your community as opposed to as being at city hall where we have the usual group of folks but is it doesn't talk about city-wide concerns. tonight is very specific to the tenderloin task force. your audience, police chief. i will start with commissioner loftus for a brief introduction. commissioner loftus: san franciscan and resident of the northern district area for a number of years, i have some spend plenty of time going to the northern station and making a share the concerns o

mr. chairman. our second witness today is the mayor of indianapolis, the honorable gregory a. ballard. greg ballard was elected the 48th mayor of indianapolis on november 6, 2007, and the city reelected mayor ballard to a second term on november 8, 2011. in 2010 mayor ballard launched an initiative to rebuild residential streets, sidewalks and this is on a successful pathway. mayor ballard also helped lead a team that very successfully hosted this year's super bowl, congratulations to the city of indianapolis. and based on that success, will be competing and winning -- we hope -- the super bowl in 2018. welcome, mayor ballard. >> thank you. thank the gentleman from indiana. i now recognize representative harris to introduce our final witness, final for this hearing. >> thank you very much, mr. chairman. it's my pleasure to introduce mrs. patrick langenfelder to the committee, the president of the maryland farm bureau. in addition, she's commissioner of the kent county planning commission and a member of the agricultural fair board. she and her husband and family operate a large grain f