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The House Financial Services Subcommittee on Housing and Insurance recently held a hearing on " Modernizing Appraisals : A Regulatory Review and the Future of the Industry." According to the committee memorandum, the hearing was called to "Examine the appraisal industry since the creation of the Appraisal Subcommittee in 1989, review the Dodd-Frank Act's impact on appraisers, consumers and stakeholders, and explore the future of appraisals, including alternative home valuation methods." Six panelists presented more than a hundred pages of prepared testimony. Some highlights. James R. Park, Executive Director of the Appraisal Subcommittee and David S. Brunton, President of the Appraisal Foundation opened the hearing, outlining in detail the events leading to the present status of appraisal regulations
Housing News
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The House Financial Services Subcommittee on Housing and Insurance recently held a hearing on " Modernizing Appraisals : A Regulatory Review and the Future of the Industry." According to the committee memorandum, the hearing was called to "Examine th... (read more)
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Rob Chrisman
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“Made up my mind to make a new start…Going to California with an aching in my heart. Someone told me there's a girl out there, with love in her eyes and flowers in her hair.” But once there, can a renter afford it, and try to save ... (read more)
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MBS Commentary
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You've probably met people with the inspiring (or nauseating) ability to maintain a positive (or idealistic) attitude in the face of adversity. Perhaps you ARE one of those people (if so, just kidding about the 'nauseating' thing. We're j... (read more)
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Mortgage Rate Watch
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It was all pain , all the time for mortgage rates today. Since the election, the average conventional 30yr fixed rate has risen roughly 0.5%, putting November 2016 on a short list of 4 worst months in more than a decade. Two of those months were back... (read more)
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Housing News
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Digital records are giving consumers tremendous new opportunities , Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB) told participants attending a field hearing in Salt Lake City on Thursday, but there are also a lot of qu... (read more)
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MBS Commentary
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If you were wondering why I was hesitant to get on board with the modest improvements and sideways ground-holding of the past few days, today brings the answer. Rather, it was the fear or possibility of a day like today that should always lead ... (read more)
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