In 2008, Freddie Mac introduced to the Appraiser’s Board a Home Valuation Code of Conduct. These standards are currently under final review, and the enactment date has yet to be set. It is anticipated they will become effective 1-15-2009, however the final code has not been issued. The following is the current version of the [...]
Archive for January, 2009
New Appraiser’s Code of Conduct
January 7, 2009Are You Ready for the Red Flag Rules?
January 7, 2009Red Flag Rules will be effective 5-1-09 due to the Federal Trade Commission allowing an extension (previously 11-1-08) for lenders to implement identity theft prevention programs. The Red Flag Rules require each financial institution and creditor that holds any consumer account, or other account with a reasonably foreseeable risk for identity theft must set policies [...]
2009 a Year of Opportunity
January 7, 2009A new year is here, wealth of opportunities are on the horizon.
· Spring is historically the busiest season with extra money flow from the borrower’s tax refunds
· The interest rates are great
· House prices are affordable
· The new Administration is going to be focusing on the mortgage industry to help pull the economy out [...]
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