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appraisals: Recent Regulatory Changes Have Added Time And Cost To Your Home Loan Application - 10/28/09 11:26 AM
The lending industry has suffered dozens of small and large regulatory changes over the last twelve months. The new rules were intended to save consumers money by creating a more transparent process or by closely mandating the way lenders handle certain parts of the process.
Of course these changes were mandated by our friends in WA D.C., none of whom (as far as I can tell) have any actual knowledge of how the lending industry works. Although two of them, Senators Christopher Dodd and Kent Conrad know enough to get sweetheart loans via Countrywide’s now infamous “V.I.P” program. The program waived … (3 comments)

 
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Michael Mullin MLO 11911 ~ Banker/Broker FHA, VA, USDA, Conventional Loans

Spokane, WA

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First Priority Financial, helping home owners in WA and CA

Address: 5978 Hwy 291, Suite 3, Nine Mile Falls, WA, 99026

Office Phone: (509) 252-9151

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