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Judge sides with trade groups, halts new CRA rules

Housing Wire

A federal judge in Texas has granted a preliminary injunction to banking trade groups that seek to halt the implementation of new rules for modernizing the Community Reinvestment Act (CRA), according to court documents reviewed by HousingWire. Each of the agencies are named as defendants in the case.

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Federal agency members voice support for new CRA rulesĀ 

Housing Wire

representatives at federal agencies reinforced their support for the new rules that would modernize the Community Reinvestment Act (CRA), a few days after a federal judge in Texas granted a preliminary injunction to banking associations that seek to halt its implementation. This week in Washington, D.C.,

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Appraisers Riding the Waves of Up and Down Mortgage RatesĀ 

Appraisal Today

Obviously, you need legal counsel, but you may also need USPAP counsel as well. So, your first step is to get proper counsel, who can then give you proper adviceā€¦ A stateā€™s appraisal board carries the sword and shield of legal counsel. Click here E&O Insurance Tips Many appraisers are very slow now. Why would you want to?

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Opinion: More can be done to shorten the average time to close

Housing Wire

Yes, the process of orchestrating the collaboration of lenders, appraisers , home inspectors, one or two real estate agents, a title insurance company, and possibly others is complex. It doesnā€™t lend itself to a 24-hour cycle. The title industry has finally put the foundation in place for a modernized workflow.

HOA 445
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Opinion: More should be done to shorten the average time to close

Housing Wire

The process of orchestrating the collaboration of lenders, appraisers, home inspectors, one or two real estate agents, a title insurance company and possibly others is complex. It doesnā€™t lend itself to a 24-hour cycle. The title industry has finally put the foundation in place for a modernized workflow.

HOA 420
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Nothing New Under the Sun: the varied face of appraisal

Walitt Solutions

In July 2019, I spoke to the Collateral Risk Network, a group of chief appraisers, risk managers, management companies, lenders, appraisers, regulators, and legal experts, at the Collateral Matters event in Reston, Virginia. Are these ā€œotherā€ inspection-and-valuation processes appropriate for lending?

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Appraising Historical Homes

Appraisal Today

Never use a lending form (such as a 1004) for estate work. The date of value can be a legal issue and the appraiser should not be the one accepting responsibility for whether the date of value is correct for whatever the use is (such as an estate tax return). My comments: MORTGAGE LENDING IS VERY SLOW NOW. baths, 2,973 sq.ft.,