Housing Wire

JANUARY 24, 2023

Mortgage compliance attorneys interviewed by HousingWire said the program, dubbed “Control Your Price,” raises potential areas of concern across three subjects: rules that govern loan officers’ compensation; fair lending; and unfair, deceptive and abusive acts and practices. ” According to Selden, the rule is clear.

Lending 335

Lending Law Legal Training 335

Appraisal Buzz

APRIL 15, 2024

UAD originated in 2010 and since then we appraisers are accustomed to using codes like “C4,” “N;Res,” and “1200sf0sfin” in our mortgage appraisal reports to communicate the results of our analysis. In addition to mortgage work, they may do legal work, estates as well as many other channels of business.

Appraisal 397

Appraisal Design Lending Technology 397

Housing Wire

SEPTEMBER 28, 2023

The mortgage lending industry exists to make home loans, not to repossess them. They should also be on top of other compliance considerations such as oversight, training, staffing recommendations and, above all, documenting everything. This won’t just protect against legal or regulatory risk. Nor should it be.

Legal 407

Legal Training Real Estate Business 407

Housing Wire

JANUARY 24, 2022

The appraisal industry’s “byzantine regulation structure,” according to the report’s authors — experts in fair housing, fair lending and valuation — has stunted the appraisal industry’s understanding of fair housing risk. The GSE appraisal data, which goes back to 2010, is unparalleled in its scale. Marcia Fudge.

Government 363

Government Appraisal Reconsideration of Value Lending 363

Appraisal Today

MARCH 31, 2023

The AMC insists that as long as I disclose in the addendum that the zoning is currently ‘illegal,’ then I can mark on the first page as ‘Legal.’” Another student reported that in 2010 (after HVCC was void) a lender client told an appraiser they could not order appraisals directly with appraisers anymore…that they must use a third party.

Appraisal 52

Appraisal Contracts Inspection Clients 52