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CFPB reverses pandemic flexibilities, vowing enforcement

Housing Wire

Among the unknowns servicers face in 2021 are changes that could affect lender-placed insurance (LPI). The CFPB also rolled back leniency on reporting of certain information related to credit card and prepaid accounts under the Truth in Lending Act, Regulation Z, and Regulation E.

Insurance 404
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Agents fight misconceptions to win deals for military veteran clients

Housing Wire

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. VA loans are secured by the VA, and statutorily must be appraised by the VA and not just any appraiser.

Clients 382
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New Homebuyer’s Guide To Appraisals

Birmingham Appraisal

What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. Who is the Appraisal for? This is called equity.

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How To Appraise Rural Properties

Appraisal Today

Kiedrowski The most recent statistics show Value Acceptance accounts for up to 40% of all mortgage approvals. It is presented as part of the GSEs “Appraisal Modernization” initiative, which aims to streamline the mortgage appraisal process. This kept appraisers busy. I worked for an assessor’s office then.