appraisals

The CFPB Releases a NEW RM Guide

Shannon HicksMarch 15, 2021March 10, 2021

by Shannon HicksMarch 15, 2021March 10, 20214 748

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:

Shannon HicksOctober 2, 2018October 1, 2018

by Shannon HicksOctober 2, 2018October 1, 20187 2342

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

Shannon HicksSeptember 28, 2018September 29, 2018

by Shannon HicksSeptember 28, 2018September 29, 201815 2882

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

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appraisals

The CFPB Releases a NEW RM Guide

FHA’s 2nd Appraisal Rule Raises Questions:

BREAKING- New Collateral Assessment may require 2nd appraisal

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