ms. stevens. we'll now proceed to questions from the members of congress and i would start with myself and yield myself five minutes. the appraisal subcommittee is in the process of developing new standards or rules as required by dodd-frank act. and dodd-frank was enacted in 2010, almost two years ago, and this question is for all of you. do you believe that the appraisal subcommittee has been effective by taking more than two years and still counting to comply with the dodd-frank act. let's just go down the line. >> i think that's a very important question. >> could you turn on your mike, please. >> i'll move it closer. we are anxious for the appraisal subcommittee to move ahead very quickly in this space particularly with regard to monitoring the activities of the other regulators. we have raised concerns to the regulators and despite the lessons that should have been learned in this financial crisis it appears to us working with consumers across the country that regulators are not acting quick

ms. stevens. >> yes. i think one of the biggest problems we see is that the current structure really assumes the states are not capable of administering this entire process of certification and entire process of overview. we would like to see that change. that's one of the reasons that we make the suggestion that a good look be taken at the way that our whole entire system is set up. >> thank you. now, i've got two questions that are just a yes or no answer. the first one is -- we'll start with you, ms. stevens and go the other way. is the appraisal subcommittee effective? >> in my opinion, no. >> ms. mann? >> i believe it is and it will get better. >> mr. kelly? >> yes. >> gregoire? [ inaudible ] >> mr. bunton? >> needs improvement. >> okay. now, another question, yes or no. should congress consider a complete overhaul of appraisal regulations and improve it for consumers and businesses alike. mr. berenbaum? >> i think there's a serious need to look at -- >> yes or no. >> yes or no? there's a need to loo

ms. stevens and go the other way. is the appraisal subcommittee effective? >> in my opinion, no. >> ms. mann? >> i believe it is and it will get better. >> mr. kelly? >> yes. >> needs improvement. >> okay. now, another question, yes or no. should congress consider a complete overhaul of appraisal regulations and improve it for consumers and businesses alike. >> i think there's a serious need to look at -- >> yes or no. >> there's a need to look at it. [ inaudible ] >> we should continue to look at it. >> improve the existing system. >> yes. >> thank you. all right. my time has expired. mr. sherman from california is recognized for five minutes. >> thank you, madame chair. 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 experienc

ms. stevens. robert bakewell. anita bowman. jeane mckenny. felicia ziser. >> any miss sally stevens and today i am speaking on behalf of the sentences go forest alliance. i want to thank supervisor wiener for his ability to find this committee. at the last week's meeting, recreation and parks said the trial restoration money, that there was priorities determined in the 2008 bond for which trails would get money from the trail restoration projects, and that they would use the same priorities this time with the 2012 bond as they did in 2008. of course the 2008 bond was only four trails and natural areas, so that was a bit of a red flag for those of us that are concerned about the with the natural areas program has been using trial restoration money for things other than making them safer. i am very much happy to see this line which has been added. without this, we would have had the same language in 2008, and that would of been a concern to a lot of people. with the new language added, mclaren clearly needs work, in golden gate also. those are

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