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After industry criticism, FHFA revises changes to Suspended Counterparty Program

Housing Wire

The SCP, established in June 2012 during the Obama administration, requires that entities report to FHFA if an individual or institution they do business with has committed certain types of misconduct within the prior three years. The FHFA can order the entities to cease doing business or entering into new business with these counterparties.

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FHFA Re-Issues Rule on Suspended Counterparty Program

Appraisal Buzz

The SCP regulation requires a regulated entity to report to FHFA if an individual or institution that it does business with has committed certain types of misconduct within the prior three years. Final suspension orders are published on FHFA’s website. housing finance system.”

Finance 433
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FHFA Seeks Comment on Revised Amendments to Suspended Counterparty Program

Appraisal Buzz

The Federal Housing Finance Agency (FHFA) has revised its proposal to amend the Suspended Counterparty Program (SCP), which requires a regulated entity to report to FHFA if an individual or institution that it does business with has committed certain types of misconduct within the prior three years. housing finance system.”

Finance 195
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Risk Exposure in the Title Insurance Space 

Appraisal Buzz

“, the paper estimates that the title insurance industry’s work to maintain accurate and reliable property records mitigates $600 to $900 billion in risk exposure to home buyers, lenders and other participants in real estate transactions.

Insurance 384
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Asian real estate group, other advocates claim Florida law violates Fair Housing Act

Housing Wire

Alex Kelly, the Secretary of Commerce; Patricia Fitzgerald, the chair of the Florida Real Estate Commission; as well as several state attorneys. from purchasing or acquiring any interest in real property in the state.” from purchasing or acquiring any interest in real property in the state.”

Law 419
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Purchasing & Developing Land - Part 5 - Reselling It - Raw or Developed

Eppraisal

Owning raw land has real potential along with its share of pitfalls. Whether you decide to hold it and sell when real property values climb or -- alternatively -- develop the lot to convey at a higher price, you are subject to forces of market, timing and competition.

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What it’s like originating reverse mortgages in Montana

Housing Wire

The state of Montana may not be a key source of business for the reverse mortgage industry, but that doesn’t negate the reality that seniors who reside there might find the product useful for reaching some kind of financial goal. A burgeoning challenge relates to manufactured housing.

Mortgage 434