Two More Days until Appraisal Process Changes: Home Valuation Code of Conduct
One final reminder about the appraisal process. If you sign and date an application and disclosures prior to May 1, 2009, and get your credit report pulled to justify those dated forms, we have control in who to order the appraisal from. If you wait until May 1st and...9 More Days Until the New Appraisal Law Goes Into Effect!
We have 9 more days until appraisals have to be ordered through AMCs. The rule is that your application and disclosures must be signed and dated prior to May 1, 2009. If you do so, then we have control over who to order your appraisal from. If you sign and date your...Update on the New Appraisal Law (Home Valuation Code of Conduct)
Lenders are accepting broker-ordered appraisals (i.e. from me) when any application is dated and submitted by the borrower before May 1st, 2009. If you date your application May 1st and after, then we have to go through Appraisal Management Companies (AMCs). The...Fannie Mae Refi Plus Program (Making Home Affordable): It’s Here!
Lenders are slowly starting to roll out the Making Home Affordable program, which will allow some homeowners to refinance their mortgages up to 105% of their home’s value. The background of this program can be found here. First things first: You need to see if...Loan Calculator
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