Inflation is back! What retirees can expect
What you thought you could live on in retirement may cost quite a bit more thanks to inflation...
appraisals
Is there an appraiser shortage?
This week we interviewed Chief Appraiser John Dingeman with Class Valuation asking what's truly slowing down appraisal turnaround times...
The Appraisal Crunch
Unable to use the embedded player? Listen here. EPISODE #689 The Appraisal Crunch Both reverse and traditional mortgage originators are feeling the crunch of appraisal turnaround times. RMD explains why and what HECM professionals have to say. Other Stories: The RMI Reverse Market Minute update Us Existing-Home Sales Fell For
Exterior-Only Appraisals to End
Without audience targeting are Google Ads Dead? Think again… Early this month Google announced new restrictions for targeting specific audiences. The restrictions apply to content related to housing, employment, credit, and those who are disproportionately affected by societal biases. The news of these restrictions created quite a stir among
The CFPB Releases a NEW RM Guide
Unable to use the embedded player? Listen here. EPISODE #661 The CFPB Releases a NEW Reverse Mortgage Consumer Guide There’s a new guide for reverse mortgage borrowers- entitled “You have a reverse mortgage: Know your rights and responsibilities” courtesy of the CFPB. Here are some of the key takeaways but
FHA’s 2nd Appraisal Rule Raises Questions:
Commentary: The HECM Collateral Risk Assessment: Last week ended with a bang. Just as many prepared for the weekend anticipating the rare gift of an October without additional HECM changes- another mortgagee letter dropped late Friday morning. Enter the October Surprise– the Collateral Risk Assessment. For those of you unfamiliar
BREAKING- New Collateral Assessment may require 2nd appraisal
FHA’s New Collateral Risk Assessment will require a 2nd appraisal when determined that 1st appraisal is ‘inflated’ BREAKING- FHA announced today the enactment effective October 1st that all HECM loans must undergo a Collateral Risk Assessment to determine if the first appraisal is inflated or at market values. If
