Law Mortgage Appraisal Valuation 
Housing Wire
OCTOBER 21, 2024
Under federal law, mortgage lenders are required to work at arm’s length during the appraisal process, partnering with independent appraisal management companies who assign the work to state-licensed professional appraisers,” a spokesperson for Rocket told HousingWire.
Miller Samuel
APRIL 27, 2019
Back on April 19th , I wrote about the New York AMC law in my Housing Notes newsletter. After years of AMCs chipping away at the public trust, the New York AMC law was designed to protect the consumer. Here is the NYS "AMC Law" as a PDF or in plain text on the landing page of the law. No, it isn't.
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Housing Wire
MARCH 26, 2024
California-based loanDepot will pay an undisclosed amount and commit to improving its mortgage appraisal practices. The settlement requires loanDepot to implement enhancements to its mortgage appraisal policies and procedures within 120 days. But the company hasn’t admitted any fault.
Housing Wire
MAY 23, 2022
” The post Proposed VA appraisal law looks to even the playing field appeared first on HousingWire. Jones added that past funding fee increases may have put the funding fee schedule into “misalignment with the actual risk profile of veteran borrowers.”
Housing Wire
MARCH 31, 2021
In its withdrawal from the Statement on Bureau Supervisory and Enforcement Response to COVID-19 Pandemic, the CFPB said, “it believes that companies should have had sufficient time to adapt to the pandemic and should now be able adequately to comply with the law and respond to enforcement actions or supervisory activities without the flexibility (..)
Birmingham Appraisal
SEPTEMBER 15, 2022
What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. Who is the Appraisal for? This is called equity.
Genworth MI Blog
JUNE 27, 2019
Will the appraised value be sufficient for the loan?”. Will I be seen as overstepping the law? Mortgage lenders often struggle with confidence in knowing where their boundaries are when communicating with their appraiser. The Truth in Lending Act (TILA) contains rules addressing appraiser independence.
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