November 18, 2009
Hot off the presses today, the U.S. Department of Housing and Urban Development issued a letter (see attachment link below), noting that Second Appraisals on high balance FHA loans are no longer required in declining markets. The change is effective immediately as of today. This change also applies to FHA cash-out refinance transactions as well. [...]
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November 18, 2009
Thank you to The Renno Lending Team for providing our clients and blog readers with this mortgage update. If you're in the Santa Clarita area, and looking to refinance your home, or potentially buy some real estate in Santa Clarita, don't hesitate to call Jason and Keith at The Renno Lending Team of Prospect Mortgage. [...]
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