CFPB Investigations in Alleged Appraisal Discrimination
CFPB Investigations in Alleged Appraisal Discrimination
Abstract
The Consumer Financial Protection Bureau (CFPB) has started investigating alleged appraisal discrimination. The CFPB is an aggressive investigator, and AMCs, large firms and lenders should be wary. For the last year, 40% of my legal work has been occupied by issues concerning alleged discrimination – balanced between representing parties in fair housing investigations and helping clients improve compliance and decrease risk. It’s the CFPb that makes me most anxious for clients in the future. It's the C FPB.
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The Consumer Financial Protection Bureau (CFPB) has started investigating alleged appraisal discrimination. This is a new development, as federal investigations had so far exclusively been by HUD. The CFPB is an aggressive investigator, and AMCs, large firms and lenders should be wary. For the last year, 40% of my legal work has been occupied by issues concerning alleged discrimination – balanced between representing parties in fair housing investigations and helping clients improve compliance...
The Consumer Financial Protection Bureau (CFPB) has started investigating alleged appraisal discrimination. This is a new development, as federal investigations had so far exclusively been by HUD. The CFPB is an aggressive investigator, and AMCs, large firms and lenders should be wary. For the last year, 40% of my legal work has been occupied by issues concerning alleged discrimination – balanced between representing parties in fair housing investigations and helping clients improve compliance...
You may have heard the term before but may still be asking yourself “what is probate and what is a probate appraisal?” Probate is the legal process a will must go through to prove its validity before anything can be distributed to the named beneficiaries. If this does not happen then the wishes of the person leaving the will and the legal requirements for the estate may not be met. A probate appraisal is typically required by the court and is used to help settle the estate. The appraisal he...
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It may be possible to refinance without an appraisal, but only if you meet certain requirements. Learn about appraisal waivers and no-appraisal refinancing.
It may be possible to refinance without an appraisal, but only if you meet certain requirements. Learn about appraisal waivers and no-appraisal refinancing.
Sellers Chasing the ball down the road in real estate By Ryan Lundquist Excerpts: Commentary from a (Ryan) appraisal: Here is a bit of commentary in one of my recent appraisal reports. This is only part of what I say because I’m a man who needs a few paragraphs. One box just isn’t enough. “At the least we ought to describe the market as showing a downward seasonal shift, though it’s possible we can call this a downward cycle if the trend persists over time. For now, it is most reasonable...
Sellers Chasing the ball down the road in real estate By Ryan Lundquist Excerpts: Commentary from a (Ryan) appraisal: Here is a bit of commentary in one of my recent appraisal reports. This is only part of what I say because I’m a man who needs a few paragraphs. One box just isn’t enough. “At the least we ought to describe the market as showing a downward seasonal shift, though it’s possible we can call this a downward cycle if the trend persists over time. For now, it is most reasonable...
Key Takeaways What is an FHA mortgage? What is an FHA appraisal? FHA appraisal guidelines After an FHA appraisal How to find FHA-approved homes If you’re getting a home loan from the Federal Housing Administration (FHA), you’ll typically need to obtain an appraisal on the home. This appraisal is designed to ensure that the property... View Article
The post FHA Appraisal: Guidelines & Requirements In 2022 appeared first on FortuneBuilders.
Key Takeaways What is an FHA mortgage? What is an FHA appraisal? FHA appraisal guidelines After an FHA appraisal How to find FHA-approved homes If you’re getting a home loan from the Federal Housing Administration (FHA), you’ll typically need to obtain an appraisal on the home. This appraisal is designed to ensure that the property... View Article
The post FHA Appraisal: Guidelines & Requirements In 2022 appeared first on FortuneBuilders.
Appraisal Gap: 5 Options to Fix A Low Appraisal Today I am going to share with you exactly what is an appraisal gap so that you can plan in advance before sending your home buying offer. I am going to be covering what is an appraisal gap, what are the consequences, how can you protect yourself, what you should do right after you find out there’s an appraisal gap and what are the 5 options you have to fix a low appraisal, so by the end you’ll feel calm knowing exactly what your options are if...
Appraisal Gap: 5 Options to Fix A Low Appraisal Today I am going to share with you exactly what is an appraisal gap so that you can plan in advance before sending your home buying offer. I am going to be covering what is an appraisal gap, what are the consequences, how can you protect yourself, what you should do right after you find out there’s an appraisal gap and what are the 5 options you have to fix a low appraisal, so by the end you’ll feel calm knowing exactly what your options are if...
Crazy Appraisal Stories! Excerpts: Not Just Measuring Homes and Taking Pictures I went to appraise a home for a movie producer in Brentwood, California. I knocked on the door, and one of the producer’s boyfriends opened the door and invited me in. He was completely naked. He
The post Crazy Appraisal Stories! We all have them!! appeared first on Appraisal Today.
Crazy Appraisal Stories! Excerpts: Not Just Measuring Homes and Taking Pictures I went to appraise a home for a movie producer in Brentwood, California. I knocked on the door, and one of the producer’s boyfriends opened the door and invited me in. He was completely naked. He
The post Crazy Appraisal Stories! We all have them!! appeared first on Appraisal Today.
When you enter a contract to buy a new home, your VA lender will order your VA appraisal. This VA home appraisal has two goals: To define the fair market […]
The post Blog first appeared on MilitaryVALoan.com.
When you enter a contract to buy a new home, your VA lender will order your VA appraisal. This VA home appraisal has two goals: To define the fair market […]
The post Blog first appeared on MilitaryVALoan.com.
The chief of the Brookings Institution, a retired four-star general, resigned last month under investigation of lobbying on behalf of a foreign government and then covering it up. If the allegations are true, it means the think tank, under the general’s watch, was secretly taking illicit cash from at least one outside interest group at a time it was engaged in research that irreparably damaged the reputation of the nation’s real estate appraisers. Astute appraisers wondered whether Brookings...
The chief of the Brookings Institution, a retired four-star general, resigned last month under investigation of lobbying on behalf of a foreign government and then covering it up. If the allegations are true, it means the think tank, under the general’s watch, was secretly taking illicit cash from at least one outside interest group at a time it was engaged in research that irreparably damaged the reputation of the nation’s real estate appraisers. Astute appraisers wondered whether Brookings...
One of the biggest hurdles VA home buyers must clear is the VA appraisal. VA appraisals are much like regular appraisals — an approved appraiser will come out to the […]
The post Blog first appeared on MilitaryVALoan.com.
One of the biggest hurdles VA home buyers must clear is the VA appraisal. VA appraisals are much like regular appraisals — an approved appraiser will come out to the […]
The post Blog first appeared on MilitaryVALoan.com.