Homeownership comes with lots of new expenses and increased fees, like homeowner’s and title insurance, pricier utility bills, and property taxes. Even if you’re prepared for higher bills, it’s important to know exactly how much they’ll spike up. Especially when it...
The Buyer Home Appraisal Comes in Low This is a rather common nuisance that can throw a monkey wrench in the middle of negotiations or derail a deal altogether. Remember that the appraiser works for the bank to protect the bank’s interests, not yours. But you as the...
A home appraisal inspection is not the same as a home inspection. The home appraisal inspector works for the bank that will be lending you the money to purchase your new home. The main reason an inspection is required is that the bank wants to ensure that the money...
How to read a home inspection report? A home inspection report, especially on an older home can be quite extensive. It usually carefully designed to...
A home inspection report is very different from a home appraisal inspection. Inexperienced real estate salespeople sometimes do not understand the...
Difference Between Home Appraisal and Inspection People often confuse home appraisals with home inspections, and even some unseasoned real estate...
DETROIT -- A Harrison Township man is facing murder and other charges after prosecutors say he shot two men attempting to secure his former business...
Ongoing losses in the government-insured reverse mortgage program have led to a new policy that will require a second appraisal on some...
A new report has identified four companies, including two financial institutions, as being the key players in the real estate appraisal market over...
A severe shortage of real estate appraisers has North Dakota officials making a request to waive appraisal reports, at least temporarily, on some residential loans. Banking regulators see the move as necessary. In some parts of the state, appraisal are reportedly...
Increased utilization of alternative real estate valuations could have a negative impact on the quality of residential mortgage-backed securities. But there are some positives to the shift. In an effort to cut operational costs, increase efficiencies and address the...
Recent innovations in the home valuation industry include improvements to the appraisal review process, appraiser performance measurement and enhanced desktop appraisals. A desktop appraisal with a field inspection was announced on Oct. 25 by Nations Valuation...
Updates are being made to the Federal Home Loan Mortgage Corp.'s appraisal policies. The change is being made to streamline requirements. Freddie Mac's underwriting guidelines require that a new appraisal is obtained when the settlement date is more than 120 days...
In an effort to help the recovery of areas impacted by the recent hurricanes, federal banking regulators have temporarily waived the requirement for an appraisal. Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 requires federally...
Please be advised that Centex Home Equity will now be known as National Mortgage, LLC. The company has been sold and is changing its name. It will maintain its reputation as a trusted home lender. Its mission and staff will also be unaffected. Centex Home Equity’s...
Lawsuits involving excessive fees, servicing fees and loan fees beyond state maximums. Defendant Plaintiff Court Amount Overview Case Title Case Number Date Filed Date of Activity Link to Story Fannie Mae and Freddie Mac Orangeburg County, Richland County, South...
Litigation related to loan servicing, including escrow issues, transfer of servicing and servicing borrowers in bankruptcy and foreclosure. Defendant Plaintiff Court Amount Overview Case Title Case Number Date Filed Date of Activity Link to Story Bank of...
Litigation involving net branch operations. Defendant Plaintiff Court Amount Overview Case Title Case Number Date Filed Date of Activity Link to Story PHH Mortgage Corp. Mathews Supreme Court of Virginia na Court held that the term "branch office" includes not only...
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