My WeeklyBasis report has been anything but in the past two months. One reason is that yet another voice doesn’t always help when market hysteria levels run high. The other reason is that I’ve been busy. The lending industry continually shifts as the credit crunch moves toward the end of its 21st month, so this
HVCC
Fannie Mae, Freddie Mac and the appraisal institute just released a good presentation on new industry-wide appraisal requirements going into effect May 1, called the Home Valuation Code of Conduct (HVCC). The high points of HVCC are that it will require that banks order appraisals and not loan originators in direct contact with the consumer,
New Tax Code Coming? President Obama has announced a task force to review the tax codes. He’s concerned there are too many loopholes and too many people manipulating the system to avoid paying taxes. And that’s just in his administration. Mortgage Brokers Still Kicking Many large companies have left the wholesale arena. Although I am