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Change Lending keeps CDFI certification after agreement with US Treasury 

Housing Wire

The CDFI certification is a designation given by the Treasury Department CDFI Fund to specialized organizations that provide financial services to low-income communities and people who lack financing. The agreement puts an end to a short-lived legal dispute with the Treasury Department.

Lending 353
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Loan officers are dramatically cutting their pay to win clients. It’s often illegal. 

Housing Wire

It was late 2022 and Mike was feeling the pressure. It’s the ultimate in legalized fraud. In and of itself, it’s legal, provided the lead really did come from the source and it’s diligently tracked by the lender. It’s a race to the bottom,” he said of the practice. Because it’s not true.”

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Loan-repurchase risk threatens future M&A deals

Housing Wire

In other words, independent mortgage banks (IMBs) acting as buyers in M&A deals are being asked to assume the future R&W liabilities for past loans sold to Fannie Mae by the seller should the seller, at some point, be unable to honor the terms of the contracts.

Buyers 342
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Selling a home as-is: What you need to know in 2022

Listing Spark

Unfortunately a contract’s “as-is” clause can be confusing for some sellers. The “as-is” clause on a standard Texas TREC contract can be confusing for some home-sellers. A buyer might check the box in the contract that says they are purchasing the home as-is. How can that be possible?

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OK to average adjusted comps on appraisals?

Appraisal Today

bath home was designed by local architect Rich Young. The last unit they bought was in mid-2022 as far as I can tell… To read more, plus the 45+ appraiser comments, Click Here Investor Home Purchases Are Down Over 40% in Sun Belt Pandemic. With only one owner, the.47-acre The four-bedroom, 4.5-bath

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Fannie Mae: No Appraisals Required? 3-10-23

Appraisal Today

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.’” Excerpts: Key Takeaways In the fourth quarter of 2022, 1.52 In the fourth quarter of 2022, 1.52 In the fourth quarter of 2022, 1.52 This is nothing new. HELOCs fell 16%.

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Practical Tips for Working With AMCs

Appraisal Today

They really appreciate it, and it ensures you can complete assignments on time as you had planned (no one likes waiting for a legal description only to have it show up on your day of 4 inspections!). Architect James Kluttz designed the place for himself and his family in 1987. It’s truly a win-win.”. Stay in communication.