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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 410
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Agents fight misconceptions to win deals for military veteran clients

Housing Wire

A lot of the misconceptions about working with VA loans center on the VA appraisal process – which differs from conventional mortgage appraisals – as well as the time it will take for a transaction to close. VA loans are secured by the VA, and statutorily must be appraised by the VA and not just any appraiser.

Clients 397
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How To Appraise Rural Properties

Appraisal Today

How To Appraise Rural Properties Excerpts: Appraising residential properties in rural areas can be both challenging and rewarding. Unlike the standardized expectations of urban and suburban properties, rural properties often present unique characteristics that require a nuanced approach to valuation.

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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.