FHA Appraisal NC Changes Effective1/1/2010
September 25, 2009 by Eleanor
Filed under FHA Mortgage Loans
FHA Announced this week that it will make some “proceedural” changes to the appraisal process at the beginning of the year.
USDA Appraisal Requirement Change July 1, 2009
June 26, 2009 by Eleanor
Filed under USDA Home Loans
Beginning July 1, 2009 USDA is requiring the updated Freddie Mac/ Fannie Mae appraisal in their packages. As with any change, there are some potential drawbacks.
USDA home loans are made in genearlly rural areas. The new Freddie/Fannie appraisal is designed specifically to identify for the underwriter any recent changes (read DECLINING changes) identified in a particular [...]
