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On January 1, 2010 FHA is going with a modified HVCC version. It is supposed to be slightly more flexible than the conventional loan version but it appears that when all is said and done, lenders will toss their FHA appraisals with the conventional and send them to appraisal management companies. Appraisal...
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Under new guidlines FHA will modify the ordering of appraisals. FHA reaffirms appraisal independence. New requirements will be effective January 1. They prohibitmortgage broker oor any of their staff compensated on a commission basis to order appraisals. Lenders also have to assure that the appraiser...