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New York poised to expand CRA rule to nonbank lenders

Housing Wire

New York State is close to approving a controversial bill that expands the requirements of the state community reinvestment act (CRA) to non-depository lenders, following the lead of Massachusetts and Illinois. Some states, however, are adopting the same rule for non-depository lenders. 5246-A on Friday to Gov.

Law 436
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Appraisal in Changing Markets

Appraisal Today

Excerpts: … senior leaders at AMCs, lenders and the GSEs have noted that slower appraisal volume will favor those appraisers who can stay in communication with their clients and provide faster turn times. My comments: This article uses AEI data, graphs, and reports from June. Appraisal Business Tips . To be determined.