My Financial Healthcheck

Home Valuation Code of Conduct

On May 1, 2009 all mortgage brokers & mortgage lenders must implement new procedures for ordering appraisals under the federal Home Valuation Code of Conduct. This law was established by the New York state Attorney General and Fannie Mae & Freddie Mac, now known as the Federal Housing Finance Agency.  The purpose of this regulation [...]

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FHA Responding to Declining Markets

Here are the 10 things your appraiser must do or provide for all FHA appraisals done after April 1st, 2009: The Market Conditions Addendum (Fannie Form 1004MC/Freddie Form 71). At least 2 comparable sales within 90 days of appraisal date. A minimum of 2 active listings or pending sales in addition to the 3 closed comparables. Bracketed listings using [...]

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Inside story on your credit cards, and how to manage them better.

In this section we will talk about how to get credit cards, managing your credit scores, credit card debt ratio, and credit card interest rates.

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