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So, last week, the Fed made their big announcement of the quarter that sent bonds off to the races and made the markets generally happy. The major news outlets began reporting that mortgage rates will go to 4% or less, and of course they are wrong........as usual. J I'll explain more about what i...
FHA Responds To Declining Markets This update from Mortgagee Letter 2009-09 establishes appraisal requirements for declining markets. Here are the 10 things your appraiser must do or provide for all FHA appraisals done after April 1st, 2009: 1. The Market Conditions Addendum (Fannie Form 10...
Good morning! I hope that you had a great weekend! This week has started off well in the markets, which hopefully will hold for a bit. I wanted to share some encouraging news and other bits of info. First off, it looks like we may see some action by both the FASB and the SEC to deal with "Mark-to...