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Appraisers Speak Out On Pressure, Fraud, and Reform
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Loan Scenario: CA, $495,000, 790, 78% LTV, Refinance (Rate...
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appraisal process
Appraisals
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Conforming Loan Limit
Fannie Mae
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Appraisers Speak Out On Pressure, Fraud, and Reform
Appraisers and others weigh in on the pressure they are under and their possibly tenuous legal situation, and some suggestions for reform....
Published
Wed, May 05 2005 7:00 AM
by
Glenn Setzer
Filed under:
loan originators
,
savings and loan crisis
,
pressure on appraisers
,
appraisal process
,
Appraisals
,
underwriting process
,
origination process
,
The Financial Institutions Reform
,
Recovery and Enforcement Act of 1989 (FIRREA)
,
state licensing
,
wire fraud
,
mail fraud
,
communications fraud
,
bank fraud
,
unfair business practices
,
unfair competition
,
professional liability insurance
,
lender pressure
Fannie Mae Raises Conforming Loan Limit
An annual event – Fannie Mae raises the loan limit on conforming mortgage loans. Nearly 300,000 homeowners could benefit from this change in 2005....
Published
Thu, Dec 12 2004 8:00 AM
by
Glenn Setzer
Filed under:
Fannie Mae
,
Conforming Loan
,
Conforming Loan Limit
,
loan originators
,
Jumbo Loans
,
Federal Housing Finance Board
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View More at the Market Data Center
Mortgage Rates:
30 Yr FRM 3.85%
|
15 Yr FRM 3.23%
|
Jumbo 30 Year Fixed 4.10%
MBS Prices:
30YR FNMA 4.5 106-22
(-0-04)
|
30YR FNMA 5.0 108-02
(-0-04)
|
30YR FNMA 5.5 108-31
(-0-02)
Recent Housing Data:
Mortgage Apps
7.53%
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Refinance Index
9.40%
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Purchase Index
0.11%
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