Over 9000 FHA Loans in 2016 Never Should Have Happened

Posted Leave a commentPosted in Financing

The sources of information used by FHA lenders in 2016 were outdated or insufficient, and lenders didn’t request sufficient information from borrowers about delinquent federal debt and in some cases, delinquent child support payments. Because of this, the FHA insured loans for some people who were legally ineligible to receive them. The Department of Housing […]

Want To Be An Appraiser?

Posted Leave a commentPosted in Legislation

Becoming an appraiser is now easier than ever. Recent years have seen fewer new applicants to become an appraiser and many current appraisers are retiring soon.  The result has been an extreme shortage of appraisers.  Over the past two years, this has led the Appraisal Foundation’s Appraiser Qualifications Board to conduct a long review its application […]