Major Baton Rouge FHA News Flash! FHA is Adopting Similar HVCC Standards As Of January 1, 2010….Get Ready For More Change!

http://www.fhaappraisersbatonrouge.com/ – Mary Thompson, GA Appraiser, Outlines FHA’s Move Towards HVCC Appraisal Rules….Get Ready For More Change! Mary Thompson, Flowery Branch, GA, issued a post on Active Rain this morning that outlines the changes in FHA Appraisal Policy…..AND, it includes some Good News for FHA Appraisers regarding FEES! The link to the post is here. Here’s the outline of the 1. Good news for appraisers, the AMC’s who normally pay CUT rate fees and who care less about quality appraisal reports and experienced appraisers and more about making money, must pay appraisers based upon normal market rates for completing FHA Continue reading Major Baton Rouge FHA News Flash! FHA is Adopting Similar HVCC Standards As Of January 1, 2010….Get Ready For More Change!

Greater Baton Rouge FHA Appraiser Tip: I Told You FHA Was On The Way To Imploding

http://www.fhaappraisersbatonrouge.com/ – Greater Baton Rouge FHA Appraiser Tip: I Told You FHA Was On The Way To Imploding It was about 1.5 years ago that I starting saying that we the U.S. Taxpayers would be bailing out FHA. After the mortgage meltdown, when FHA became the “Savoir” of the mortgage market, I began to receiving an increase in calls from the same slimy national mortgage brokers that I had already turned down doing appraisal work for because they seemed to always need $10,000 to $20,000 more than the homes were worth. They didn’t want home appraisals; they wanted a target Continue reading Greater Baton Rouge FHA Appraiser Tip: I Told You FHA Was On The Way To Imploding

New FHA Mortgage Rules For Greater Baton Rouge Condos Effective October 1 2009

http://www.batonrougefhaappraisers.com/ – New FHA Mortgage Rules For Greater Baton Rouge Condos Effective October 1 2009 Peter G. Miller with www.fhaloanpros.com is reporting on new FHA mortgage rules for Condos, which take effect 10/1/2009. Here’s the link for the entire article and a snippet below: “At least 50 percent of the units of a project must be owner-occupied or sold to owners who intend to occupy the units. For proposed, under construction or projects still in their initial marketing phase, FHA will allow a minimum owner occupancy amount equal to 50 percent of the number of presold units (the minimum presales Continue reading New FHA Mortgage Rules For Greater Baton Rouge Condos Effective October 1 2009

FHA Appraisers Baton Rouge Reports On AMC LREC Leglislation Passed

http://www.fhaappraisersbatonrouge.com/ – FHA Appraisers Baton Rouge Reports On AMC LREC Leglislation Recently Passed. The most recent issue of the Louisiana Real Estate Commissions, “Boundary Lines” (Volume 43, No. 2) reports on Approved AMC (Appraisal Management Company) Leglislation. The highlights are presented below from their newsletter I received on 9/3/2009.