hvcc: 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)

hvcc: Mortgage Rates - 08/06/09 04:01 AM
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hvcc: 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.
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hvcc: Government Regulation Clogs the Pipes - 07/15/09 08:55 AM
© Copyright 2009. All About News, Inc.
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hvcc: 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
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Karl Peidl

Accredited Loan Consultant

Moorestown, NJ

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