appraisals: FHA Appraisal and Lender Eligibility Update - 09/22/09 07:27 AM
FHA Appraisal and Lender Eligibility UpdateExplained by Jeff Mifsud, this update contains the pertinent changes to Appraiser and Lender Eligibility guides as outlined in Mortgage Letters 2009-28, 29, 30 and 31.
Here are the 8 things you need to know about these changes:
Appraisers
Changes are effective as of January 1st, 2010. Mortgage brokers and commission based lender staff are now PROHIBITED from selecting the FHA appraiser. Lenders are not required to use Appraisal Management Companies, but may do so. When a borrower switches to another lender, FHA prohibits the 2nd lender from ordering additional appraisals to obtain a higher value, … (4 comments)

appraisals: Homebuyer Protection Alert! - 07/21/09 08:32 AM
 
Karl PeidlSuperior Mortgage CorpAugusta Professional Center 854 S White Horse PikeHammonton, NJ 08037© Copyright 2009. All About News, Inc.
(2 comments)

appraisals: Understanding the Home Appraisal Process - 06/24/09 02:24 AM
© Copyright 2009. All About News, Inc.
(4 comments)

appraisals: New Appraisal Rules: Coming to a Sale/Refinance Near You - 05/09/09 02:25 AM
Karl PeidlSuperior Mortgage CorpAugusta Professional Center 854 S White Horse PikeHammonton, NJ 08037
www.karlpeidlsmc.com
© Copyright 2009. All About News, Inc.
(0 comments)

appraisals: Understanding the Home Appraisal Process - 04/16/09 04:01 AM
Karl PeidlSuperior Mortgage CorpAugusta Professional Center 854 S White Horse PikeHammonton, NJ 08037
© Copyright 2009. All About News, Inc.
(2 comments)

appraisals: Fannie Mae and Freddie Mac Change the Appraisal Process - 01/07/09 07:41 AM


Freddie Mac and Fannie Mae will implement a revised Home Valuation Code of Conduct beginning May 1, 2009. In an attempt to increase the reliability of appraisals, the revised code builds on existing seller-servicer guidelines and will apply to lenders that sell single-family mortgage loans to Fannie Mae and Freddie Mac.
One major difference in the code is that lenders will be required to order appraisals from one central clearing house, which will in turn select an appraiser. The down side of such a process is that lenders will have little to no communication with the appraiser, which means … (6 comments)

appraisals: Understanding the Home Appraisal Process - 09/19/08 01:22 AM
(2 comments)

 

Karl Peidl

Accredited Loan Consultant

Moorestown, NJ

More about me…

Address: 305 Harper Drive, Suite 3, Burlington County, New Jersey, Moorestown, NJ, 08057

Office: 8562(521) 200-1224

Mobile: (609) 254-6687

Email Me



Links

Archives

RSS 2.0 Feed for this blog