Submitted for Comment

2 of 3 Wise Men Visit CMA

N. Mitchell Feinstein, Esq.

Last week, two of the 3 Wise Men, Guy and Mitch, visited the CMA conference held in Sacramento. Many old friends were greeted and new relationships formed. The Wise Men were happy to receive so much positive feedback regarding our website and e-newsletters that bring news and new ideas to the mortgage lending industry. The CMA conference covered several important subjects, none more important than the Legislative Update detailing the package of bills proposed by the California Attorney General that seeks to impose stricter limits on foreclosure and lending than those agreed to in the national settlement with major lenders. While the battle is far from over,...

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Appraisal Foundation Boards Seek Your Comments on Draft Revisions by December 5

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I: The Appraiser Qualifications Board (AQB) has issued the following Exposure Draft: Fifth Exposure Draft of Proposed Revisions to the Real Property Appraiser Qualification Criteria Link: https://appraisalfoundation.sharefile.com/d/s37bad6cf5694643b Written comments requested by December 5, 2011 Send Comments to AQBComments@appraisalfoundation.org II: The Appraisal Practices Board (APB) has issued the following Exposure Draft: First Exposure Draft: Residential Appraising in a Declining Market Link: https://appraisalfoundation.sharefile.com/d/sbdb218d49bc48c6a Written comments requested by December 5, 2011 Send Comments to APBcomments@appraisalfoundation.org

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Appraisal Foundation Draft: Submitted for Comment By November 14

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The Appraisal Foundation has submitted a draft for comment by November 14: Communication and Reporting in the Uniform Standards of Professional Appraisal Practice. The 3 Wise Men invite you to post your comments here so that we may engage in a discussion with you here. We will also collect and submit your thoughts to TAF along with our commentary.   Link to the document under consideration: Communication and Reporting Discussion Draft   Email address for sending comments directly: ASBComments@appraisalfoundation.org   Details (from The Appraisal Foundation): Those who have followed the work of the Appraisal Standards Board (ASB) over the last several years are aware of the Board’s...

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Give Your Feedback: Dodd-Frank Combined RESPA-TILA Disclosure

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This week, the Consumer Financial Protection Bureau (CFPB) released the first prototypes of a combined RESPA-TILA disclosure. Consumers and industry members are offered two different feedback paths for providing your input. Click this link to provide your comments–select the “switch to the industry tool” option at the bottom of the page: http://www.consumerfinance.gov/knowbeforeyouowe/ Thank you to our colleagues at Franzén & Salzano for the notification regarding this call-to-action.

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