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October 16, 2014

Lender: CFPB Appraisal Rule Costing His Shop an Extra $50K a Month

By Thomas Ressler

Timothy Zimmerman, president and CEO of Standard Bank, said he’s bothered by too small a percentage of lenders making loans outside the QM parameters.

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With the spring homebuying season in full swing, what percentage of your March 2017 application volume has been for “purchase” loans?

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