Wow...Check out this article on forclosure notices: Online Articles/ Los Angeles - 07/26/07 02:23 PM
According to several online real estate information services, the highest number of mortgage default notices in over a decade were sent out last quarter in CA as a result in falling or flat home prices, slow sales and a market struggling with the home buying frenzy of 2004-2005. Whoa.............. Check out this Los (2 comments)
Fannie Mae's Response To Valuation & Declining Markets - 07/26/07 01:53 PM
Fannie Mae recently announced that it will begin to alert lenders if the collateral property for a mortgage is located in an area where house prices are in the decline. Fannie Mae Underwriters will be sending a message to the lenders notifying them that they should review appraisals to assure accuracy and require appraiser (1 comments)
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