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CFPB TILA-RESPA Integrated Disclosure Final Rule

CFPB held a webinar this week on the Integrated Disclosure final rule of the Truth In Lending Act and Real Estate Settlement Procedures Act.  If you happen to be a fan of large numbers of acronyms and governmental codes being referenced like they were pop…

The Appraisal Part 1 – What to Expect When They’re Inspecting

A real-estate appraisal inspection can be a source of great concern on the part of the borrower.  The first time going through this process can feel like a significant invasion of privacy; a stranger walks through your home, takes photographs, and asks you personal questions…

When a Property Falls Short

As the quality control manager for national appraisal management company Landmark Network, I deal with myriad escalated valuation matters involving appraisers, loan officers and underwriters, or sometimes a combination of all three. In some cases my advice is sought to help handle an atypical circumstance.…

The Truth About Housing Affordability

Housing affordability is a standard term, but whether it’s growing or shrinking seems to be subject to debate, even when opposing viewpoints are drawing from the same indexes. The National Association of Home Builders (NAHB) reports that a combination of slightly lower median home prices…

CFPB’s Fair Lending Report: Executive Summary

CFPB released its Fair Lending report to Congress as part of its commitment to accountability and transparency.  The report starts out with the CFPPB affirming its mission of providing consumer financial protection and making consumer financial markets work for American consumers, businesses and the economy. …

HUD Solicits Feedback on Non-Borrowing Spouse Changes to Reverse Mortgage Program

Last week, the Federal Housing Administration (FHA) announced an amendment to HECM program regulations and requirements concerning due and payable status where there is a Non-Borrowing Spouse at the time of loan closing, consistent with the authority to make such changes by the Reverse Mortgage…