Housing Wire
JANUARY 11, 2021
Rocket Homes Real Estate , a real estate affiliate of Rocket Companies , is being investigated by the Consumer Financial Protection Bureau (CFPB) for possibly violating the Real Estate Settlement Procedures Act (RESPA) when it charged fees for referring Quicken’s mortgage clients to real estate agents, according to officials.
Housing Wire
JANUARY 13, 2022
The Supreme Court weighed in on a class action lawsuit against Quicken Loans , now Rocket Mortgage , regarding its appraisal practices during the financial crisis, delivering a procedural win for the mortgage lender. million stemming from allegedly tainted appraisals for 2,769 mortgage loans Quicken Loans originated from 2004 to 2009.
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Appraisal Today
APRIL 19, 2024
Appraisal Institute Counters Flawed Appraiser Bias Narrative Excerpts: In reality, appraisers have a great story to tell, but we have a long way to go to refocus the terribly flawed “appraiser bias” narrative onto facts and science. Industry groups should also step up to support appraisers. It is human nature.
Appraisal Today
JANUARY 13, 2023
Appraiser Scam – Be Careful! Posted Jan 5 on National Appraisers Forum. This was also posted in the 100% Appraisers group on FaceBook as happening to others. Last week, I received a text from “Master Chief Robert Roy” requesting an appraisal for a cash purchase. Appraisal Business Tips .
McKissock
AUGUST 11, 2020
As a professional appraiser, you don’t want to have a disciplinary complaint filed against you, and you certainly don’t want to be the subject of a complaint that results in disciplinary action. Here are several do’s and don’ts to help you avoid situations that may get you into trouble as a real estate appraiser.
McKissock
JULY 29, 2020
As part of their appraisal modernization efforts, Fannie Mae and Freddie Mac (the GSEs) have issued test forms for Hybrid and Desktop appraisal assignments. The forms will be made available to the major appraisal report software providers. URAR Hybrid and Desktop Appraisal Forms – Overview.
Empire Appraisal Group
MAY 13, 2021
housing,” Vishwanath Tirupattur, a Morgan Stanley strategist, wrote in a note to clients this week. Product risk—such as from mortgages with introductory periods, teaser rates, or balloon payments—comprised about 40% of the mortgage market between 2004 to 2006. The post This Isn’t a Bubble appeared first on Empire Appraisal Group.
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