The House Financial Services Subcommittee on Financial Institutions and Consumer Credit held a hearing Tuesday to consider legislation that would affect the mortgage industry and institutions regulated by the CFPB.
tressler@imfpubs.com Homeowners and appraisers are closer to seeing eye-to-eye on home valuations than at any time in the last two years, according to new data from Quicken Loans. “Home appraisals were an average of 0.5 percent lower than what owners expected in December,” the lender said, “These two data points have moved closer together since November, when appraised values were 0.67 percent lower than homeowners’ estimates, and far improved from one year ago when there was…
Attorney Alan Kaplinsky said the new filing “may be an indicator of the enforcement philosophy of Mick Mulvaney… and how that philosophy may impact future CFPB enforcement activity.”