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Mortgage industry provides commentary on CFPB’s proposed changes to QM loan definition

Housing Wire

Prior to the deadline for public commentary on Tuesday, housing industry trade groups, companies and organizations responded to the Consumer Financial Protection Bureau’s proposed rulemaking for the general qualified mortgage definition and the expiration of the QM patch in January 2021.

Mortgage 447
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USPAP Definitions of ‘His’ and ‘Her’

Appraiserblogs

The USPAP Exposure Draft Process Continues To Step Outside Their Purpose With Her / Him as the new ‘Misleading’ Debacle The general idea of definitions added to USPAP was supposed to be industry-specific nomenclature. This garbage in/out process is by design. And then it often gets removed because it was never correct, to begin with.

Legal 148
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Brooke Anderson-Tompkins on the ‘lifescape’ of AI

Housing Wire

It absolutely wasn’t around the headline hype, but that informed me to the extent that as I looked at the things that I was passionate about, the opportunity to incorporate artificial intelligence in the mortgage ecosystem definitely had me leaning in. We’re so used to, “Ok, here’s the definition.

Design 464
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HUD Updates Manufactured Home Regulations

Appraisal Buzz

This update of the HUD Code is long overdue and will help increase production while also ensuring modern designs to suit the needs of families.” In addition, the final rule includes more clarity regarding structural design requirements for attics.

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7 IDX websites to beat Zillow + capture more leads in 2024

Housing Wire

Since almost all of our picks offer roughly the same features, we scored them based on our opinion of their property search experience, design quality, and overall user experience (UX). UX design quality: 4.6 UX design quality: 4.6 Property search results pages are well-designed, easy to navigate and customizable.

Design 424
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MORE AMORIN INFLUENCE (MAI): The AI National Nominating Committee Design Is Being Attacked By FOJs

Miller Samuel

To all members of the Appraisal Institute: Before I start, I wanted to share what the Appraisal Institute's MAI designation is referred to by many of its members. By definition, FOJs do not care about membership or the direction of the institution. that MAI stands for: MORE ANNUAL INCOME. MADE AS INSTRUCTED. MORE AMORIN INFLUENCE.

Design 370
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Analyst: HMBS 2.0 developments should benefit reverse mortgage industry

Housing Wire

This move is designed to “create an additional economic incentive to protect Ginnie Mae and taxpayers against a decline in collateral value,” Ginnie Mae explained when announcing the proposed term sheet.