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The deed-restricted block of buildings at Hunter Creek Condominiums has been deemed “unavailable” to conventional loans, limiting financing options for potential buyers, in part because they are “in need of critical repairs.” Hunter Creek Condominiums...
On December 20, Fannie Mae issued SVC-2023-06, announcing updates made to its Servicing Guide. The updates include new financial reporting requirements requiring large non-depository...
Partnership aimed at modernizing the appraisal industry, completing new property data reports required by the GSEs.
You should know that caffeine increases the power of aspirin and other painkillers, which is why it is found in some medicines. You should also know the “50-50-90 rule”, which definitely applies to me: Anytime you have a 50-50 chance of getting something right, there's a 90 percent probability you'll get it wrong. Cute sayings aside, one thing you don’t want to be wrong on is Fair Lending, and every lender, and their employees, should know the rules and regulations surrounding it, and know that its enforcement is a priority of the Consumer Finance Protectio...
The document also updates seller/servicer eligibility requirements and clarified shared appreciation payment policies.