Posts Tagged: mortgage

Long-Term Mortgage Interest Rates

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Valuation Management Group, as part of our appraisal management services, strives to write articles of interest to our industry partners.   Our clients certainly understand the effects of rising and falling interest rates as they relate to their volumes and managing their pipelines, but we felt the timing of this blog was appropriate given recent trends… Read more »

Georgia Real Estate Fraud Prevention and Awareness Coalition Educational Conference

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Two of Valuation Management Group’s executives, Natalie Thompson, VP, and Vicky Thompson, CEO, recently attended the 12th annual education conference of the Georgia Real Estate Fraud Prevention and Awareness Coalition, known as GREFPAC.  When GREFPAC was founded, they were spreading the message that “Mortgage fraud is not just a white collar crime issue showing up… Read more »

FDIC Releases Second Technical Assistance Video on CFPB Mortgage Rules

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Valuation Management Group (VMG) is pleased to read that the Federal Deposit Insurance Corporation (FDIC) announced the release of the second in a series of three technical assistance videos developed to assist bank employees in meeting regulatory requirements. These videos address compliance with certain mortgage rules issued by the Consumer Financial Protection Bureau (CFPB). The first video,… Read more »

Living in the World of Mortgage Acronyms

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“I submitted the UAD Appraisal Report to the UCDP for the GSE’s and it returned the SSR’s with FNMA Appraisal Findings and UAD warnings”? Have you heard a similar statement recently? Whether you are a bank, credit union, mortgage company employee, or an appraiser, there is a pretty good chance you have heard a similar… Read more »

FDIC Releases Examination Procedures for Mortgage Rules

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The FDIC recently released interagency consumer compliance examination procedures for the mortgage rules issued pursuant to the Dodd-Frank Act. These procedures are intended to help financial institutions seek a better understanding of the areas that the FDIC will focus on as part of the examination process.  These procedures apply to Financial Institutions under $1 Billion in… Read more »

Spring Forward!

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The winter weather in January and February of 2014 has definitely impacted the real estate markets throughout the United States. Now we turn our attention to Spring and what is traditionally the season that buyers get active looking for new homes. We hope this Spring is going to be early and energized. As we begin… Read more »

House Members Seek One-Year Delay of Mortgage Rules Slated for January 2014 Implementation

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In a November 5th, 2013 letter to Richard Cordray, Director of the Consumer Financial Protection Bureau (CFPB), one hundred and eighteen members of the U. S. House of Representatives expressed their concern about the implementation of mortgage rules that are to become effective in January. Of particular concern is the Ability to Repay and Qualified… Read more »

5 Ways Pre-Purchase Counseling Helps You Prepare For Homeownership

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Home-buying statistics are looking up. A recent survey suggests that the dream of owning a home is still thriving, with 25 percent of people who currently do not own a home declaring that they plan to purchase a home in the next 10 years. 62% of Americans say they own their primary residence, with 56%… Read more »

How the Housing Market is Involved in “The Deal”

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After coming to a deal regarding the much anticipated fiscal cliff, the housing market can take a deep breath and hopefully drive on to continue the recovery it has been working toward. The mortgage interest deduction was not touched by the deal, and Congress extended mortgage debt forgiveness tax relief for another year. The extension… Read more »