#HVCC CALL TO ACTION
Posted by yourmortgageplanner on Jun 10, 2009 in Featured Articles, Financial Awareness | 0 comments
To: All Mortgage Brokers, Real Estate Agents, Appraisers, Lenders, Home Builders, Title Agents, and Consumers
From: Marc Savitt, President- National Association of Mortgage Brokers
After more than a year of exhaustive negotiations with Fannie Mae, Freddie Mac, James Lockhart, Director of FHFA (GSE...
Understanding The Home Appraisal
The appraisal process often baffles consumers. They may feel that their home is worth a higher dollar amount, and so the appraised value doesn’t always make sense to them. It is important to know that the appraiser is completely independent from lenders, buyers, sellers, and real estate agents, and...Am I Eligible For Making Home Affordable Refinance
Posted by yourmortgageplanner on Apr 6, 2009 in Featured Articles, FHA, Financial Awareness, Random/Old BlOgS | 0 comments
Fannie and Freddie have officially announced and launched Making Home Affordable Plan Program!
Making Home Affordable program “looks the other way” with respect to falling home values, approving mortgage applications based on borrower payment history and benefit to the homeowner.
Not every...
10 Things That Appraisers Must Do For All FHA Appraisals Done After April 1, 2009
If the following appraisal guidelines look foreign to you, that’s okay, because this update is intended for Appraisers and Underwriters. 1. The Market Conditions Addendum (Fannie Form 1004MC/Freddie Form 71). 2. At least 2 comparable sales within 90 days of appraisal date. 3. A minimum of 2 active...Am I Eligible For Making Home Affordable Government Plan
Posted by yourmortgageplanner on Mar 5, 2009 in Credit Crisis TARP, Economy, Featured Articles, Financial Awareness, One Step Ahead, Random/Old BlOgS | 7 comments
When the White House first introduced the Making Home Affordable program in February, it was positioned as a mortgage program with two goals:
To help financially-needy homeowners get mortgage relief
To help homeowners who’ve lose equity qualify for today’s low rates
Wednesday, in a...
