Blacklisting Hits Homesellers

Friday, May 2nd, 2008

In the nation's worst-hit real-estate markets, home sellers are suffering a new blow: They are being blacklisted by lenders. As property values decline and credit markets contract, home lenders nationwide are growing ever more unwilling to finance home purchases in sharply declining housing markets, driving prices down ...

Home Valuation Code of Conduct (HVCC)

Tuesday, April 29th, 2008

Lawmakers in Washington are considering a law that will change how appraisers interact with lenders and agents. It seems that during this time of distress every lawmaker wants to look like they are doing something without really addressing the problem. What does that mean? Law makers are ...

Mortgage News for the week ending March 28, 2008

Saturday, April 19th, 2008

Mortgage Time Mortgage Market News for the week ending March 28, 2008 Compliments of John Premysler Applied Wholesale Mortgage PHONE: (877) 912-9669 x302 johnp@awnow.com 184 Technology Dr Suite 200 Irvine, CA 92618 Events This Week: Jobless Claims Down GDP Flat Manufacturing Mixed ...

HUD’s Proposal to Simplify RESPA

Wednesday, April 16th, 2008

HUD has released a document, 24 CFR Parts 203 and 3500 Real Estate Settlement Procedures Act (RESPA): Proposed Rule To Simplify and Improve the Process of Obtaining Mortgages and Reduce Consumer Settlement Costs; Proposed Rule. HUD is looking for comments and/or suggestions before deciding to implement it. The first thing one notices ...