In a series of Mortgagee Letters, dated Sept. 18, 2009, the U.S. Department of Housing and Urban Development (HUD) provided new guidelines affecting the independence, portability, and validity periods ...
The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) announced a new policy on Wednesday that will enable mortgage borrowers to “request a ...
You’ll need an FHA appraisal to buy or refinance with an FHA loan. Knowing what to expect makes it less intimidating. Some or all of the mortgage lenders featured on our site are advertising partners ...
An FHA appraisal confirms that your home will qualify for an FHA loan. It's not an inspection, but the FHA appraiser will check for structural soundness and safety. Some or all of the mortgage lenders ...
Last week the HUD published Mortgage Letter 2008-39 which imposes new requirements on appraisers who want to remain on FHA’s Appraiser roster, as required under the Housing and Economic Recovery Act ...
StreetLinks National Appraisal Services announces its full compliance with FHA Mortgagee Letter 2009-28 released several weeks ago. FHA has long advised lenders and appraisers of the importance of ...
The Federal Housing Administration (FHA) today announced several significant policy changes that are intended to improve their exposure to risk. The changes, effective January 1, include: Modification ...
There are dozens of things that can cause an appraiser to torpedo your FHA-insured loan, and hundreds more that can ...
When Perry "Pat" Turner Jr. visits a house to do an appraisal, he usually just brings a camera, a note pad and a measuring device. But lately, the Richmond, Va., appraiser had to carry an expandable ...
Cashtration (n): The act of buying a house, which renders the subject financially impotent for an indefinite period of time. Maybe this is some "ok" news? In a story that I first noticed here on ...