The Mortgage Bankers Association, in a comment letter submitted yesterday to the National Credit Union Administration, said it supports NCUA’s proposal to raise the appraisal threshold for residential real estate transactions from $250,000 to $400,000.
Category: News and Trends
Consumer Confidence Picks Up
The Conference Board, New York, said its monthly Consumer Confidence Index increased for the second straight month in January.
Home Prices Post Strong Annual Gains
Standard & Poor’s, New York, reported its S&P CoreLogic Case-Shiller Home Price Indexes posted a 3.5% annual gain in November, up from 3.2% the previous month.
(Sponsored Content) Don’t Overlook This Surprising CRE Capital Source
In a fast-changing business environment, lenders don’t always act as expected, so it’s necessary to have a longer list of capital provider choices on-hand.
CFPB Clarifies Treatment of ‘Compliance Aids’
The Consumer Financial Protection Bureau yesterday issued a Policy Statement announcing a new designation for certain Bureau guidance materials, referred to as “Compliance Aids.”
Commercial/Multifamily Briefs
HUD will launch a national bus tour this week focused on removing barriers to affordable housing.
Mark P. Dangelo: The Challenges of Reskilling Workforces, Part 1
With limited population growth domestically, the search for advanced technology skills must embrace aging populations and the explosion of megacities beyond our shorelines—new, continuous models of corporate education, training and partnering must be adopted.
Patrick McClain: Hard and Soft Savings–How Technology Can Positively Impact Bottom Line
Technology is no longer an option; it is an integral element. Inefficient, outdated, manual processes can be risky and ultimately end up costing the lender. To combat these challenges, today’s lenders must stay abreast of cutting-edge technology. Implementing such technology, lenders can exponentially increase their bottom line as well as bring unexpected savings and benefits.
The CFPB Policy Statement on ‘Abusive Acts or Practices:’ What it Means
On Friday, the Consumer Financial Protection Bureau issued a policy statement providing a “common-sense framework” on how it intends to apply the “abusiveness” standard in supervision and enforcement matters–a clarification long-awaited by Mortgage Bankers Association and the real estate finance community.
CFPB Clarifies Treatment of ‘Compliance Aids’
The Consumer Financial Protection Bureau yesterday issued a Policy Statement announcing a new designation for certain Bureau guidance materials, referred to as “Compliance Aids.”