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ARMs race: adjustable-rate mortgages make a comeback

Housing Wire

The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, created in direct response to the financial crisis, requires lenders to check a buyer’s ability to repay (ATR), which protects them from predatory lending practices. Not a one-size fits all”. For the next six months, we expect ARMs to have some popularity,” said Johnson.

Mortgage 355
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Opinion: FHA should lower Mortgage Insurance Premium

Housing Wire

Written by an independent third-party auditing firm, the study produces a net present value of the total FHA forward and reverse mortgage portfolios. Just look at HUD’s own data on FHA lending: 1. Here are the reasons why: What is the actuarial report, why it matters, and what did it say?

Insurance 387
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Why Agents Should Share Their CMA With The Appraiser

Birmingham Appraisal

The lender then obtains an appraisal to make sure that the property they are lending on, which is the collateral for the loan, is worth what they are paying for it. The final CMA report presents findings and recommendations to clients, allowing them to make well-informed decisions in their real estate transactions.

Agents 89
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How to Maximize Appraisal Underwriting Approvals in Rural Markets

Genworth MI Blog

Recently, the rural housing landscape has sparked discussion about its lending, affordable housing availability, housing shortages and outreach to underserved demographics. I refer to this approach as high-level bracketing. By extension, 80.7% of the population resides in urban/suburban areas. Shift Terminology.

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How to Maximize Appraisal Underwriting Approvals in Rural Markets

Genworth MI Blog

Recently, the rural housing landscape has sparked discussion about its lending, affordable housing availability, housing shortages and outreach to underserved demographics. I refer to this approach as high-level bracketing. By extension, 80.7% of the population resides in urban/suburban areas. Shift Terminology.

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Appraising Fixer Uppers

Appraisal Today

Indemnification Clauses: What Appraisers Should Know Excerpts: When adding an appraiser to their appraisal panel, a lender or an appraisal management company (AMC) will present the appraiser a 5-15 page long “Appraisal Services Agreement” or “Appraiser Engagement Agreement” for the appraiser’s signature.