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Opinion: When it comes to default and REO, what you don’t know will hurt you

Housing Wire

The mortgage lending industry exists to make home loans, not to repossess them. A 2012 Gallup Poll asserted that 58% of Americans preferred that the federal government take additional action to prevent foreclosures. This won’t just protect against legal or regulatory risk. Nor should it be.

Legal 407
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FHFA’s RFI on appraisals is a critical inflection point

Housing Wire

One significant factor behind the lack of evolution in the appraisal industry is that the American housing market has grown at a much higher rate than the pool of licensed professionals that are legally certified to appraise residential real estate.

Appraisal 313
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Are you prepping for worst-case commission lawsuit outcomes?

Housing Wire

” Other popular answers included, ‘implementing buyer representation agreements,” “full disclosure of client options,” and “more training on our value proposition.” “You must train all of your agents as to how you’re going to get compensated,” said Murray.