Home Appraisals Receiving Tighter Scrutiny

Day: September 15, 2010

Home Appraisals Receiving Tighter Scrutiny

Home Appraisals Receiving Tighter Scrutiny

The days of quick home appraisals seem to be coming to an end, even at times being problematic. Lenders are becoming more demanding, and often calling for second appraisals on a home before giving the green light. Where does this stem from? Of course, from the problematic home loans of the past that got us…  Continue Reading

Read More
Fannie Mae Selling Foreclosed Homes with Subprime Terms

Fannie Mae Selling Foreclosed Homes with Subprime Terms

Through their new HomePath program, troubled GSE giant Fannie Mae is offering their foreclosed homes for sale with as little as 3% down. What’s more, that 3% can be a gift from a family member of third party, or a loan from a non-profit, state or local government. Doesn’t this remind you of the “deals”…  Continue Reading

Read More