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Loan Modification

: Mortgage Lender Implode-o-Meter

Impact the New Appraisal System is Having on the FHA Mortgage Market

By Implode-Explode Heavy Industries

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``Although FHA mortgage borrowers are paying more for this service, they are also finding out the real value of the property they are buying as lenders can no longer communicate with the appraiser. Consequently, there is an increase in wait time for the appraisal which translates to a later closing date. Despite these things, the impact the new appraisal system is having on the FHA mortgage market is yet to be seen as the FHA mortgage business continues to boom.''

Full post as published by Mortgage Lender Implode-o-Meter on July 26, 2010 (boomark / email).

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