appraisals: Lenders are TOUGH on appraisals in this declining market! - 10/31/07 08:52 AM
I am seeing a lot of appraisals come up for reveiw these days! Even FNMA had a new DU finding regarding appraisals!
Investors and agencies are intensifying their review of property values.
The appraisal report must adequately support the opinion of value and property description, utilizing available public and non- public information … (3 comments)

appraisals: Provident Fundings new appraisal guidelines - 10/16/07 11:28 AM
Just recieved this e-mail update...
Guideline Update - Appraisal Guidelines
Provident Funding is amending the appraisal requirements for all of its loan programs. The changes include:
The Maximum Distance for Comparables is 0.5 (Urban), 1.0 (Suburban), and 5.0 miles (Rural). Comparables that exceed the distances above will not be accepted. 
The Maximum Comparable Age … (7 comments)

appraisals: Lenders are putting pressure on appraisals!! - 09/26/07 09:47 AM
Investors and agencies are intensifying their review of property values.
The appraisal report must adequately support the opinion of value and property description, utilizing available public and non- public information concerning local trends in home prices.
   Recent FNMA Announcements discuss the following: 
Reiteration of basic appraisal guidelines New DU message for … (5 comments)

 
Mortgage Company: Kris Krajecki - American Mortgage Werks - Huntley, IL
Kris Krajecki Mortgage Broker Huntley, IL
Huntley, IL
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Kris Krajecki - American Mortgage Werks - Huntley, IL

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