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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.

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A tame housing market & condo issues

Sacramento Appraisal Blog

We are definitely seeing signs of seasonality, but the market isn’t blazing hot either. This post is designed to skim quickly or digest slowly. […] The post A tame housing market & condo issues first appeared on Sacramento Appraisal Blog. That’s a good way to describe the spring season so far.

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Climate risk is rising. It calls for a rethinking of home insurance coverage

Housing Wire

For homeowners with conventional loans backed by Fannie Mae and Freddie Mac , insurance at replacement cost is mandatory, but flood insurance is only required in designated flood zones. Others say homeowners insurance wasn’t designed around catastrophe risk — it was designed around idiosyncratic storms or trees falling on roofs.

Insurance 482
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FCC says new rules for robocall and text opt-outs will take effect in April 2025

Housing Wire

The new guidelines are designed to make it easier for consumers to revoke consent for unwanted robocalls and texts. If a called party uses any such method designated by the caller to revoke consent, we consider that consent to be definitively revoked by a reasonable means, and future robocalls and robotexts from that caller must be stopped.”

Design 482
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There Goes the Neighborhood.

Appraisal Buzz

The space shuttle program finally came to an end in 2011, primarily due to its outdated design, aging technology, and its inability to meet the evolving goals of the organization. The primary reasons for this decision are its outdated design, aging technology, and inability to meet the evolving goals of the organization.

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Tennessee official, citing property tax relief, notes more interest in reverse mortgages

Housing Wire

But Tennessee reverse mortgage professional Loren Riddick of Worthington Mortgage Group , who maintains the Certified Reverse Mortgage Professional (CRMP) designation from the National Reverse Mortgage Lenders Association (NRMLA), was pleased to hear about the observation.

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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.

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