HOW THE CANDIDATES SEE THE ISSUES
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Bloomberg News reported on Wednesday that Fannie Maeis proposing to ban the use of appraisals by a lender’s employees or those arranged by mortgage brokers.
The proposed change would mean that Fannie Mae would no longer authorize its lending partners to use appraisers employed by a wholly owned subsidiary and, while we have not seen the memo, apparently it contains reference to the eventual establishment of an appraisal clearinghouse which we assume would assign appraisers to a project…
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According to the Mortgage Bankers Association of America, Americans refinance their home mortgage loans every four years. But how do Americans know it is time to refinance? How do they know which refinance loan to choose?
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Freddie Mac and Fannie Mae may have gotten good news from their regulator which lifted the corporations’ portfolio caps, but their earnings reports for the year just ended were pretty devastating.
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Bloomberg News reported on Wednesday that Fannie Maeis proposing to ban the use of appraisals by a lender’s employees or those arranged by mortgage brokers.
The proposed change would mean that Fannie Mae would no longer authorize its lending partners to use appraisers employed by a wholly owned subsidiary and, while we have not seen the memo, apparently it contains reference to the eventual establishment of an appraisal clearinghouse which we assume would assign appraisers to a project…
Read More Now
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I can’t decide what was more troublesome yesterday: the comically uninformed questions put to Big Ben regarding mortgage rates, or the comically inaccurate article printed by CNBC on the same subject. Whatever the case, the media is awash with analysts, experts, officials, and laypersons offering rather strong opinions on a subject about which they have such a painfully shallow understanding.
I’m more concerned with something that no one has really talked about yet: the lack of understanding of our mortgage problems…
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PFRDA, India’s new pension regulator, has introduced New Pension System will help working Indians lead a dignified retired life.
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PHILADELPHIA—-Hersha Hospitality Trust owner of nationally franchised premium full service and limited service hotels, today announced earnings for the fourth quarter and full year ended December 31, 2007.
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The Census Bureau and the U.S. Department of Housing and Urban Development jointly released their monthly report on new home sales early Wednesday morning.
The report showed new home sales declined once again, this time to a seasonally adjusted annual rate of 588,000 units. At the end of January there were an estimated 482,000 houses available for sale nationally. At the current rate of sales this represents…
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Quicken Loans Chief Economist Bob Walters says with long-term rates starting to rise, the industry is seeing a resurgence of consumer interest in adjustable rate mortgages (ARMs).
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