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New Jersey bill seeks to require face-to-face counseling for reverse mortgages

Housing Wire

law refer to practices that may adversely affect one group of people within a protected class more than another, even though rules applied are ostensibly or formally neutral. ” Disparate impact provisions in U.S. “Just as easily, the counseling could have been accomplished with a phone call,” he said.

Mortgage 441
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Geographic “Data” Competency?

Appraisal Buzz

Analyzing Neighborhood Characteristics – With aerial imagery, zoning, land use, public transportation routes, and other neighborhood characteristics being readily available online, appraisers can quickly familiarize themselves with the neighborhood.

Appraisal 347
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LIBOR is being phased out in 2021. What now?

Housing Wire

The most viable replacement is the Secured Overnight Financing Rate (SOFR) index, which has been recommended by the Alternative Reference Rates Committee (ARRC) and endorsed by the New York Federal Reserve. How are lenders proceeding, then? SOFR is not a perfect index, but it appears to be the closest substitute.

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11 Tips for hosting real estate workshops for buyers and sellers 

Housing Wire

Location (central to public transportation) Some good workshop venue options include community centers, public libraries, and hotel conference rooms. Keep the most important thing the most important thing Homeownership remains a crucial part of what is commonly referred to as the American Dream.

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Michael Bright: Where residential mortgage-backed securities can take sustainable investing

Housing Wire

The United Nations, which coined the term two decades ago in the wake of the Enron and Exxon Valdez scandals, sometimes refers to it as “inclusive investing.” Some call it “sustainable investing,” others “impact investing.” Others are less sanguine about the movement.

Investing 381
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Sustainability Factors to Consider When Building a Home

Eppraisal

Location and Transportation Location can play a significant role in a home’s sustainability. There’s also the matter of transportation. Use the data as a reference for habitual changes in the future. Fewer greenhouse gases emitted means better sustainability. Are you living in a warm or cold climate?

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Increasing Diversity in Appraisal Profession.

Appraisal Buzz

I have no idea what “research” they are referring to and how they come to that conclusion. Perhaps one neighborhood may have easy access to public transportation versus one that does not. The article states “research suggests that appraisers continue to use the neighborhood’s racial or ethnic composition to identify comparable homes.”

Appraisal 370