Once again Jon Stewart from The Daily Show has created a hilarious analysis of the U.S. financial meltdown. He starts with Sen. Chris Dodd's financial reform bill . . .and then moves into a discussion of "Corporation Rights"!
OXFORD, Miss., Mar 15, 2010 (BUSINESS WIRE) -- Mortgage technology company FNC Inc. will host a free webinar to discuss Fannie Mae's initiative requiring mortgage lenders to provide appraisal information as electronic data.
After Fannie Mae's Collateral Data Delivery guidelines require all appraisal information to be delivered as electronic data, other secondary market participants are expected to follow suit.
"Fannie Mae's requirements are nothing new to FNC; we've converted appraisal information to electronic data for more than 10 years, saving our clients time and money," said Shawn Telford, FNC's director of product management, who will lead the webinar along with FNC Chief Strategy Officer Mike Mitchell.
Also joining the webinar will be Kirk Rzasa, senior business consultant, Quicken Loans; and JJ Nielsen, AVP for loan risk and recovery, SunTrust.
The webinar is also expected to address:
How mortgage lenders' processes may be affected if they don't have a system that converts appraisal data to electronic form for delivery to the secondary market.
What can be done now to leverage technology to make these new regulations a non-issue.
For more information about this critical webinar, contact FNC at (888) 963-3330.
Tavakoli even moderates her comment, telling the other CNBC boxes that there
is "plenty of blame to go around" in the housing crisis, but no matter! As soon
as she reports that people "were preyed upon," Larry Kudlow and Melissa Francis
just go nuts, pretending as if the entire lending industry was not "set
up to be more profitable when loans fail." And check out Tavakoli's blog, in which she brilliantly dissects the
absurdity of her co-panelists' arguments on the show.
Bloomington, IL - Brady Homes will build one deserving Central Illinois family a new home as part of the Emmy award-winning reality TV show, ABC’s Extreme Makeover: Home Edition.
Brady Homes was chosen as the contractor for this “Extreme” build due to its reputation for giving back to the community. They have built four homes for St. Jude and also homes for residents of Marcfirst, an organization for the developmentally disabled.
Brady Homes will be responsible for overseeing the project’s construction and event management while upholding the highest standards of quality craftsmanship, design, and energy efficiency. Not only will this home be built in seven days but all products and labor will be donated by partnering trades and suppliers.
“The Brady family has always believed in giving back to our communities and is excited about helping a family who is in need of a new home,” said Ed Brady, co-owner with Bob and Bill Brady of Brady Homes. “When Extreme Makeover: Home Edition called us, there was no doubt we were willing to take on the challenge of organizing the building of a new home in one week for a deserving family.”
Five families within a 50 mile radius of the Brady Homes’ office in Bloomington, IL, are being considered for the build, all of whom have been deemed “Heroes at Home.” On Tuesday, August 18th, one lucky family will be surprised by Ty Pennington, team leader of the show, and the design team when they hear a knock at their front door.
“Brady Homes’ history for passion and commitment to their communities was clear to us,” said Conrad Ricketts, executive producer of ABC’s Extreme Makeover: Home Edition. We are seeking ‘Heroes in the Community,’ and both the family that will be chosen and Brady Homes are wonderful representatives of our theme this season.”
Please visit www.bradyhomes.com for updated information regarding media updates, volunteers, and contributions.
For interviews with Ed or Bob Brady about this project please contact Amber Geiser at 309-261-5839
Now, instead of lenders pressuring appraisers it's the AMC's. Garber says members complain the AMCs are forcing up to 60 percent reductions in their fees, and that can lead to problems.
"If you're seeking out a low cost service provider, you may not be able to find that in many of these markets. You may have to go out of market to find somebody that's willing to accept that assignment," he says.
"An appraiser not from this area may not know what communities compare to this property," says McKee as she shows us around the three-bedroom, brick end unit.
Effective on August 1, 2009, for any appraisal assigned on or after August 1, the appraisal fees have been increased by $50 to cover the new 1004MC form.
MARKET CONDITIONS ADDENDUM TO VA APPRAISAL - PREPARATION FEE
PURPOSE. The purpose of this circular is to announce that, effective with appraisal assignments dated August 1, 2009 or later, VA is increasing the maximum allowable appraisal fees for all property types by $50.
DETAILS.Circular 26-09-4, dated March 27, 2009, required that all VA appraisals include Fannie Mae Market Conditions Addendum, Form 1004MC. Also, VA stated that it would monitor the impact of this new industry requirement on appraisal fees and make adjustments as appropriate. A nationwide survey has indicated that $50 is the prevailing fee being charged for preparation of the market conditions addendum on conventional appraisals. Therefore, VA is authorizing an increase in fees to match the conventional market.
ACTION. VA Regional Loan Centers will revise their appraisal fee schedules, with an effective date of August 1, 2009, to reflect the authorized increase.