Real estate blog entries tagged with appraisals by Dan Magstadt (Main Street Financial)

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Home : Blogs : Dan Magstadt : Dan Magstadt's Mortgage Blog : Tag "appraisals"

appraisals: New FHA Appraisal Requirements - 11/04/09 09:12 AM

Many people are talking about repealing HVCC...the law stating that mortgage brokers cannot be involved in choosing the appraiser or ordering an appraisal on a conventional loan.
I truly hope they do repeal this, however the real news of the day is that FHA is now following in Fannie & Freddie's footsteps - As of Jan 1 2010 all FHA appraisals are required to be ordered through an independent third party with no loan officer involvement.
A couple notable points: FHA is saying that AMC's must pay appraisers normal market rates for their appraisals, which is good for appraisers, however the … (1 comments)

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Dan Magstadt

Lake City, FL

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Main Street Financial

Address: 496 SW Ring Court, Lake City, FL, 32025

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Mortgage blog written by Dan Magstadt to help give some insight into the mortgage market as well as let everyone know what's going on at Meridian Financial & my personal life!
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