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Morning Briefing: More homeowners extend HELOC lines as housing market booms

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Mortgage Professional America | 05 Oct 2015, 07:55 AM Agree 0
More homeowners extend HELOC lines as housing market booms… Taylor takes swift action to snap up Beverly Hills estate…These states have the most energy-efficient homes…
  • Julie Itter | | 05 Oct 2015, 11:50 AM Agree 0
    I would like to mention the biggest problem I see with TRID is that the appraisal is now a zero tolerance item.
    I always try to quote the appraisal fee a little high. However, the way the AMC's put these out to bid I am typically floored at the
    amount of money the borrower is asked to invest in their appraisal. Most recently $925.00 for a 1500 SF home at $210K in
    Ft. Collins, CO. The AMC's and appraisers need to find a way to offer a SOLID price. Where is THEIR ACCOUNTABILITY?
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