low appraisal: A Letter to Buyers about Appraisals - 07/22/09 01:59 PM
Dear Buyer,
You may have heard about the new changes in the appraisal laws for any Fannie Mae or Freddie Mac mortgages which took effect recently.  Beginning May 1, the responsibility for managing home appraisals moved to a middleman, known as appraisal management companies or AMCs.Under new federal regulations, mortgage brokers and loan officers can't directly order appraisals. Instead, they are expected to go through third-party AMCs, which are supposed to prevent them from pressuring appraisers.
One fall out of these new regulations is that there may be fewer indpendent appraisers since the majority of them will now be on staff.  This … (0 comments)

 
Lise Howe, Assoc. Broker in DC, MD, VA and attorney in DC (Keller Williams Capital Properties)

Lise Howe

Assoc. Broker in DC, MD, VA and attorney in DC

Washington, DC

More about me…

Keller Williams Capital Properties

Address: 7161 Woodmont Ave, Bethesda, MD, 20815

Office: (240) 401-5577

Mobile: (240) 401-5577

As an full time and very active Realtor in the DC metro area, I love to write about the DC market, special communities within the market, and new listings, and to connect with other agents in ActiveRain on ways to improve our service to the public and our marketing abilities.


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