All Posts Tagged With: "hidden"
Appraisers Seek Sensible Reform
There’s been considerable debate regarding the Home Valuation Code of Conduct (HVCC), the agreement to curb appraisal abuses worked out between New York Attorney General Andrew Cuomo, Fannie Mae, Freddie Mac and their then regulator, the Office of Federal Housing Enterprise Oversight (OFHEO). A number of leading real estate and lending trade associations are seeking [...]
14Jul2009 | Peter G. Miller | 0 comments | Continued
What’s a “stealth” balloon note?
There are a number of loan products which sound very similar but are not. For example, you may encounter a “5/25 ARM.” This is a loan with a fixed rate during the first five years and an adjustable rate thereafter. But, some loan programs are subject to a lender review after five years. Borrower beware! [...]
27Aug2008 | Peter G. Miller | 0 comments | Continued
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