Slimy Appraisers blamed for Mortgage Mess?

An a move to “clean up the mortgage mess” Fannie and Freddie will require tougher standards for appraisers - most notably the mortgage broker can no longer hire the appraiser
Fannie and Freddie agreed to a new code that would govern appraisal selection, compensation, conflict of interest and other issues. Under the code, mortgage brokers […]

Filed under: Appraisers, Fannie Mae, Freddie Mac, Mortgage Recovery, Sub-prime Meltdown | Comments Off

Everybody back in the Ocean?

Like the memorable scene from the film Jaws - borrowers, investors and homebuyers fled the mortgage oceans in 2007. Judging by the past week it seems the water looks safe again. We certainly hope it is. One thing the new year calendar year should bring is better loans in the mortgage market. […]

Filed under: Mortgage Recovery, Refinance | Comments Off