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S Reichert
Mortgage Banker,  Black Hills Community Bank

Spearfish,  South Dakota  57783
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"I'd personally like to see them continue to develop AVM's. I'm in a rural area and it's no uncommon for an appraisal to take 3 weeks. Granted, I don't want to see lower values affecting my financing, but I'm sure the technology will improve and provide a great alternative to valuing properties."    View Comment
"Is the 1MM cap, the maximum mortgage you can have, or some type of cap on the interest expense deduction?"    View Comment
""First-time buyers are inherently different, with lower credit scores, income, and equity in their homes and are therefore less likely to withstand financial stress or take advantage of financial help in the marketplace than are repeat homebuyers." The ability to repay is only one layer of risk. Credit history, equity and ability to 'withstand financial stress' are other layers of risk. They are riskier."    View Comment
"There's a pressure here. Regulate the points and fees while forcing an increase to operational costs. Is this an intentional squeeze designed to force lenders to exit the business? Also, the consumer gets hammered with higher costs, of which the vast majority would qualify under old and new regulations. So your qualified buyer gets to pay for the sins of others. Eh."    View Comment
"These rules have been in place for a long time. It takes concerted effort to ignore them. Sounds like this is good for consumers and competitors alike."    View Comment
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