CFPB: Small Loan Appraisals, Construction Loans, DAPs, and Lots More

Posted To: Pipeline Press

Have you ever heard of the AARMR? I know – as if this industry needs yet another acronym. Pronounced by those “in the know” as “armor,” it is the American Association of Residential Mortgage Regulators. If you have a hankering to spend time in Florida in August, the group is having its annual conference this week: http://ift.tt/297XxzO . Critics would say that any sane organization would have its conference somewhere else in August, or some other month in Florida; proponents say the hotel rooms are cheap during this time of the year. Regardless, wouldn't it be nice for multi-state lenders to deal with one regulatory body instead of dozens? Perhaps this group will help that concept move forward. In the last week or two the Consumer Finance Protection...(read more)

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from Mortgage News Daily http://ift.tt/2apSsmR