Comments on: States Back LREAB Against FTC

By: don

don — Thu, 20 Dec 2018 19:14:38 +0000

In reply to chris.

The VA is a full recourse loan, they can, will and do lien the borrower for default on the loan.

FHA, Fannie, & Freddie, can’t file against the borrower. Individuals borrowers have different responsibilities which influences credit. Cal Vet financing doesn’t trust borrowers either. Cal Vet buys the RESIDENCE and contract sells to the veteran, couldn’t get a second against a cal vet loan.

By: Baggins

Baggins — Wed, 15 Aug 2018 21:49:08 +0000

In reply to Baggins.

Louisiana: Amc’s must stop anti competitive practices.

FTC: Louisiana is engaging in anti competitive practice, by trying to stop anti competitive practices.

Logical fault.

By: Baggins

Baggins — Wed, 15 Aug 2018 21:12:47 +0000

In the case of information based on fee schedules, studies, and surveys, such fee schedules, studies, or surveys, or the information derived therefrom, excludes compensation paid to fee appraisers for appraisals ordered by appraisal management companies, as defined in paragraph (f)(4)(iii) of this section.

Here;

https://www.consumerfinance.gov/eregulations/1026-Subpart-E-Interp/2018-09243#1026-42-f-1-Interp-1

And specifically, here;

https://www.consumerfinance.gov/eregulations/1026-42/2018-09243#1026-42-f-3

By: Baggins

Baggins — Wed, 15 Aug 2018 21:11:38 +0000

In reply to chris.

Rotational fair distribution? A fee all panel appraisers would readily accept? Direct assignment distribution? No upload or technology fees? Qualified individually licensed appraisers managing every level of the distribution and review process?

By promoting those standard VA approaches, you’re going against all of the money making gimmicks FNMA, Freddie, HUD, and the appraisal management companies at large have endorsed.

Join me in my quest that when referring to pay to upload assignment portals, and amc’s, we always refer to them as money making gimmicks.

By: chris

chris — Fri, 10 Aug 2018 16:28:35 +0000

For all you really smart people (that have the time)….VA has the lowest foreclosure rate as compared to ALL others. Under the VA system, Appraisers have TRUE independence from ALL kinds of pressure. Fees are fair and based on regional Fees.

You can lobby EVERYONE on this SUPER HUGE fact for a basis of SOLVING HUGE problems with the current system.