Housing Wire

DECEMBER 17, 2024

The rule goes into effect on March 1, 2026, according to the CFPB. The subprime lending crisis previously induced Congress to bolster lending protections, and the new rule now applies the same safeguards to the PACE program, the bureau said. But these arrangements come with several caveats, according to the CFPB.

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Appraisal Today

APRIL 19, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, forms to reports modernization, AMCs, earthquake risk, unusual homes, mortgage origination stats, etc. == == Rare Coastal Contemporary Manchester, MA, for $9M Excerpts: 5 bedroom, 4.5 Private Money Lending – fast turn times, high fees.

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Appraisal Today

SEPTEMBER 27, 2024

My info below is a limited high-level summary for the new UAD and URAR of what was presented, and what the appraiser community can expect to see, from now into 2026. FHA, VA and USDA will be incorporating this new process for their residential lending Reports in roughly the same time frame as will happen with GSE Reports.

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Housing Wire

OCTOBER 24, 2023

The Office of the Comptroller of the Currency , the Federal Reserve Board and the Federal Deposit Insurance Corporation issued on Tuesday a new rule to modernize the 1977 Community Reinvestment Act (CRA), which addresses systemic inequalities in access to credit. Barrs, Fed vice chair for supervision, said in a statement.

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Housing Wire

FEBRUARY 14, 2022

The conservator of Fannie Mae and Freddie Mac on Wednesday laid out three broad strategic goals for 2022 to 2026: safety and soundness, equitable access to affordable and sustainable housing, and responsibly managing FHFA’s infrastructure. But the status of the agency’s efforts to accomplish that goal is less clear.

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Appraisal Today

NOVEMBER 22, 2024

It also highlighted the importance of consumer protection in the appraisal process, transparency in mortgage lending, and the need to maintain appraiser independence. Mortgage lending is very, very cyclical. Chrisman focuses on the mortgage lending industry and is very savvy. If you are reading this, you are a survivor.

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