Housing Wire
DECEMBER 11, 2020
Mortgage giant Fannie Mae extended its relaxed lending and appraisal standards put in place due to COVID-19 into the new year. Are borrower-assisted inspections here to stay? The issue of appraisers needing to inspect homes as part of the mortgage process became a concern as the virus continued to spread throughout the nation.
Housing Wire
MARCH 11, 2021
The Federal Housing Finance Agency (FHFA) announced on Thursday that it has again extended relaxed lending and appraisal standards for both Fannie Mae and Freddie Mac. To that end, the GSEs will accept alternative forms of employment verification, including a recent paystub, to ensure lending can continue. In a statement issued on Feb.
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Housing Wire
JUNE 11, 2021
What’s the difference between a home inspection and an appraisal? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. Home Inspection. Have you budgeted for closing costs?
Housing Wire
JUNE 22, 2023
In the letter , addressed to FHFA Director Sandra Thompson , the associations ask for “reasonable” building inspection requirements for aging infrastructure. In addition, the groups “request transparency in the process of developing final guidelines for condo and housing cooperative lending requirements.” “Any the letter states.
Housing Wire
JANUARY 14, 2021
The Federal Housing Finance Agency (FHFA) announced on Thursday it has extended relaxed lending and appraisal standards put in place due to COVID-19 another month for both Fannie Mae and Freddie Mac. To that end, the GSEs will accept alternative forms of employment verification, including a recent paystub, to ensure lending can continue.
Housing Wire
MAY 2, 2021
To help mitigate these pain points, Incenter Appraisal Management is offering remote BPO and remote inspection capabilities paired with AVMs. Incenter’s Remote BPO and remote Inspections don’t require homeowners to download mobile applications and take pictures on their own. Mark Walser, President of Appraisal Management.
Housing Wire
MAY 3, 2024
They are also aware that they can negotiate on price and terms up front, as well as negotiate at inspection. Difficult inspections have been on the rise over the last few months. Stringent lending standards In the aftermath of the 2008 housing crisis, lax lending standards were identified as a major contributor.
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