fha appraisal: New FHA Appraisal Requirements - 11/04/09 01:12 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)

 
Dan Magstadt (Paramount Residential Mortgage Group, Inc)

Dan Magstadt

Lake City, FL

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Paramount Residential Mortgage Group, Inc

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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! rets


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